According to the Independent, Mark Carney, the current governor of the Bank of Canada, has been appointed the governor of the Bank of England. Carney will take the position over from Sir Mervyn King on June 30. As the governor of the Bank of Canada, Carney was credited with helping shield the country from the worst effects of the recent financial crisis. 

There had been some speculation that the federal Liberals had been wooing Carney to run for the party’s leadership position, but this news is likely to put an end to any speculation of Carney pursuing a career in politics.

Rob Ford’s removal from office is likely to dominate the local news wire today, but ainthe end, this is the move that will arguably have more significance for the nation. [The Independent]

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Igor Bonifacic is a writer working for the Toronto Standard. You can follow him on twitter at @igorbonifacic.