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.

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

Sources in the camps of Chrystia Freeland and Mark Carney say they each have more than 30 MPs supporting their candidacy after Mélanie Joly and Dominic LeBlanc exit the leadership race

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.