Former Bank of Canada governor Mark Carney is expected to formally announce his bid to replace Prime Minister Justin Trudeau late next week, a source close to his campaign told CBC News.

Mark Carney is set to unveil his Liberal leadership campaign this afternoon in Edmonton, ending nearly a decade of speculation about his political ambitions.

Mark Carney has appeared on The Daily Show with Jon Stewart to talk about what kind of a Liberal leadership candidate he would make, Conservative Leader Pierre Poilievre and the economic threat Canada faces from the incoming Trump administration.