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.

In a statement posted to social media, Joly said Carney "brings unparalleled economic experience, having served as governor of the Bank of Canada and the Bank of England." "During times of crisis ...

David Soanes and Niamh Moloney have been appointed as external members of the Bank of England’s Prudential Regulation Committee. They will help guide the UK’s difficult course in relaxing the tight regulations imposed after the 2008 financial crisis, spurred on by competition from a highly deregulatory administration in the US.

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.

Carney has secured the backing of Foreign Affairs Minister Melanie Joly, Environment Minister Steven Guilbeault, Energy Minister Jonathan Wilkinson and Labor Minister Steven MacKinnon. He will receive a public endorsement from Industry Minister Francois-Philippe Champagne on Sunday, said a person close to Champagne.

The federal Liberals are running their first leadership race in more than a decade to replace the departing Justin Trudeau. Candidates had to declare by 5 p.m. ET on Jan. 23 with a $50,000 deposit towards a $350,

Two years after Foreign Affairs Minister Mélanie Joly declared she was taking the unprecedented step of moving to confiscate millions of dollars from a sanctioned Russian oligarch with assets in Canada,

Former central banker Mark Carney picked up a handful of endorsements on Tuesday, including from the government's most vocal climate champion, as the Liberal leadership race whizzes ahead on a tight timeline.

He also helped the U.K. to manage the after effects of Brexit during his 7-year tenure as governor of the Bank of England. “Mark brings unparalleled economic experience,” Joly said in a statement. “During times of crisis, governments of all stripes ...

He also helped the U.K. to manage the after effects of Brexit during his 7-year tenure as governor of the Bank of England. “Mark brings unparalleled economic experience,” Joly said in a statement. “During times of crisis, governments of all stripes ...

The source said Joly believes 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, is the best candidate to deal with U.S. President-elect Donald Trump's threat to impose ...

Mark Carney has run two central banks and championed the green transition. Now he wants to lead Canada’s Liberal Party.