While Mark Carney’s outsider status inspires the Liberal faithful, his performance on the campaign trail is more likely to highlight the drawbacks of political inexperience.

The former governor of the Canadian and British central banks announced he was running to become head of the Liberal Party and prime minister.

Transport Minister Anita Anand, Defence Minister Bill Blair and Housing Minister Nathaniel Erskine-Smith all announced Saturday they’re endorsing Mark Carney for federal Liberal leader as more of Justin Trudeau’s cabinet coalesces around the former Bank of Canada governor.

OTTAWA—Mark Carney, the former Canadian and U.K. central banker, formally declared his interest in succeeding Justin Trudeau as leader of Canada’s Liberal Party and the country’s prime minister, promising an economic agenda focused on lifting it from a period of stagnant growth.

The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.

Former Bank of Canada and Bank of England governor Mark Carney, has announced his candidacy to lead Canada's governing Liberal Party.

Foreign Affairs Minister Mélanie Joly has endorsed Mark Carney in the race for the leadership of the Liberal Party of Canada, arguing the former governor of the Bank of Canada has a "clear vision" for the future.