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Bank of Canada governor Mark Carney has accepted the position of governor of the Bank of England, Finance Minister Jim Flaherty announced at a press conference in Ottawa this morning.
He will stay on as Bank of Canada governor until he takes up his new post on July 1, 2013, Flaherty said.
Flaherty said a committee would be struck to recommend a replacement for Carney.
Carney's rumoured appointment to the Bank of England was the source of published reports last spring, and at the time he and the Bank of Canada denied the reports.
"I'm totally focused on my two responsibilities: as governor of the Bank of Canada, and the Financial Stability Board," Carney told reporters on April 18. "I can assure you they add up to more than every waking hour of the day."
More to come