Britain appoints Canada’s Carney to head BoE

LONDON: Britain has named Canadian central bank chief Mark Carney as the new Bank of England (BoE) governor, the first time a foreigner has been chosen to lead the institution which is in a period of enormous change.

Finance Minister George Osborne told lawmakers that the 47-year-old Carney was the “outstanding central banker of his generation“, while Carney himself said he was honoured to be picked.