Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy.

Prominent banker Mark Carney is launching a bid to lead Canada ’s ruling Liberal Party after Prime Minister Justin Trudeau resigned. Carney, 59, currently serves as the United Nations special envoy for climate action and finance. He is also the chair of Brookfield Asset Management and Bloomberg L.P.’s board of directors.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo