Canadian Prime Minister Justin Trudeau, who said this month he would step aside as leader of the country and Liberal Party, said he won’t run in the election that must be held this year. The former Bank of England and Bank of Canada governor says he is considering running for leader of Canada’s Liberal Party and prime minister.

Chrystia Freeland, the former deputy prime minister, sought to distance herself from Mr. Trudeau in a public letter criticizing him for “costly political gimmicks.”