So Long Carney, Canada Will Miss You

Governor of the Bank of Canada Mark Carney has been selected as the next Governor of the Bank of England, a bold move by one of the world's oldest central banks that could pay dividends for Britain and for Europe.

The choice by U.K. Chancellor of the Exchequer George Osborne was bold because Carney is not British, although his wife is a dual-citizen of Canada and the United Kingdom. His term at the head of the Bank of Canada was due to end in 2015, and so the move is surprising for many Canadians.