OTTAWA - Bank of Canada Governor Mark Carney will become head of the Bank of England next summer.
Finance Minister Jim Flaherty called it a bittersweet moment as he announced Carney's new job.
Flaherty says it's the first time a foreigner has been tabbed to run Britain's venerable national bank.
Carney was appointed to run the Bank of Canada in February 2008 and led it through a tough recession.
He will stay on at the Canadian bank until June 1 and move to his new job on July 1.
He replaces Sir Mervyn King.