He was tapped by the prime minister to chair a task force on economic growth last September, after being heavily courted to join the Liberal team. Carney was then rumoured to be joining Trudeau’s cabinet as finance minister, replacing Chrystia Freeland. But Freeland resigned, sparking a political crisis, and Carney did not end up in cabinet.

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.The source, who spoke on the condition they not be named because they were not authorized to speak publicly,