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WorldMarch 1 2013

Canada's winning formula

As Mark Carney prepares to step down as governor of the Bank of Canada and transfer his talents to the UK, a snapshot of Canada’s banking system shows it as the soundest in the world. So, what challenges does Mr Carney's successor face?
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Canada's winning formula

Position vacant – governor of the Bank of Canada. Candidates must have technical competence in finance, skill in macroeconomics and an excellent knowledge of the financial sector. They also must be skilled in moral suasion, and have the ability to deal with being blindsided by unforeseen events and expertise in working in a shared authority environment. An ability to deal with the long shadow cast by Mark Carney, the current governor, a bonus.

Or so the job advertisement might read, as the Bank of Canada searches for a replacement for Mr Carney, who departs on June 1, 2013, to become the next governor of the Bank of England, succeeding Sir Mervyn King.

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