Blanchflower to Replace Bernanke

Bank of Canada Governor Mark Carney walks to his seat at a news conference in Ottawa, Ontario Photograph by Fred Chartrand/The Canadian Press via AP Photo

Mark Carney will face an approval hearing at U.K. Parliament’s Treasury Committee before the new job commences on July 1, the day after Mervyn King steps down. Carney, who is married to a Briton and has four daughters with dual nationality, plans to serve for five years and will seek British citizenship.

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