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.

High-profile cabinet minister Foreign Affairs Minister Mélanie Joly says she won't seek the Liberal leadership, according to a source with knowledge of her plans. Joly is expected to make the announcement later this morning.

Former cabinet ministers Chrystia Freeland and Karina Gould officially launch their bids for Liberal leadership.

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.

Foreign Affairs Minister Mélanie Joly is endorsing Mark Carney for Liberal leader, the first major endorsement from Quebec in the race.