Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, said Thursday he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.

Carney disclosed his intentions to a crowd in Edmonton, Alberta, the western Canadian city where he spent the bulk of his youth, promising an economic agenda focused on lifting the country from a period of stagnant growth.

Carney worked for Goldman Sachs before joining the Canadian finance ministry in 2004. He was named Bank of Canada governor in 2007 and quickly had to deal with the after-effects o

Canadian Prime Minister Justin Trudeau, who said this month he would step aside as leader of the country and Liberal Party, said he won’t run in the election that must be held this year.

Prime Minister Justin Trudeau defended his government's decision to create a consumer price on carbon as a way of fighting climate change. The top contenders to replace Trudeau as Liberal leader appear to be ready to abandon the policy,