08:15 AM EST, 01/13/2025 (MT Newswires) -- As a race to elect a new Liberal leader quickly approaches, a high-profile candidate appears set to throw their hat into the ring, The Canadian Press is reporting Monday, according to a report carried on the BNN Bloomberg website.

The report noted former Bank of Canada governor Mark Carney is expected to launch his bid to replace Prime Minister Justin Trudeau after signalling plans through his campaign team.

Former B.C. premier Christy Clark has said she is also debating whether to put her name forward, telling CBC Radio's "The House" she was "very seriously" considering it last week, but that she was disappointed with the short timeline for the race.

Several high-profile cabinet ministers have announced they will not run, including Labour Minister Steven MacKinnon and Transport and Internal Trade Minister Anita Anand, who each bowed out over the weekend. They joined Finance Minister Dominic Leblanc and Foreign Affairs Minister Melanie Joly to say they planned to focus on their portfolios instead.

Hopefuls have until Jan. 23 to declare their candidacy, and the new leader will be announced March 9.

So far, former Montreal MP Frank Baylis and Nepean, Ont., MP Chandra Arya are the only ones to publicly state they intend to run for the job.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)