Four of Canada's biggest banks have left the UN-backed Net-Zero Banking Alliance, an initiative led by former Bank of Canada governor and now contender for Liberal leader Mark Carney that aims to accelerate climate action among financial institutions.

Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.

OTTAWA—Mark Carney, the former Canadian and U.K. central banker, formally declared his interest in succeeding Justin Trudeau as leader of Canada’s Liberal Party and the country’s prime minister, promising an economic agenda focused on lifting it from a period of stagnant growth.