Former Canadian finance minister Chrystia Freeland is running to be the next leader of the Liberal Party and Prime Minister of Canada.

Canada’s governing Liberal Party will announce the country’s new prime minister March 9 after a leadership vote that follows the resignation of Justin Trudeau this week.

The frontrunners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland.

OTTAWA--Canada's Liberal Party said its members will pick a new leader to succeed outgoing Prime Minister Justin Trudeau on March 9, setting the stage for an eight-week campaign that's likely to be shortly followed by a general election.

Justin Trudeau, who has led the country for nearly a decade, is giving up leadership of the Liberal party. He said he would remain in both roles until his replacement had been chosen through a party election.

OTTAWA--Mark Carney, the former Canadian and U.K. central banker, formally declared Thursday his interest to succeed Justin Trudeau as leader of Liberal Party and the country's prime minister, promising an economic agenda focused on lifting the country from a period of stagnant growth.

With Parliament prorogued, the Liberals will begin the process of finding a new leader as support for Pierre Poilievre's Conservatives grows

Canada Prime Minister Justin Trudeau, speaking outside Rideau Cottage in Ottawa on Monday, announced he would resign as Liberal Party leader and prime minister. (Adrian Wyld/The Canadian Press, distributed by the Associated Press Share TORONTO — Canadian ...