Mr. Speaker, I too am thankful to Governor Carney for his leadership. I would also like to thank the chair of the finance committee for his own leadership capabilities and the great work he has done at committee.
This appointment marks the first time that a foreign national has headed the Bank of England. It is another strong example of Canada's strength in its monetary and fiscal systems. While other countries have faced significant turbulence, Canada has consistently ranked among the soundest in the world.
There is a usual practice for selection. The board of directors of the Bank of Canada will select a committee that will search for a new governor—