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Canada's golden boy faces tough challenge

Not only has Canada given our aerospace industry a boost, it's also provided us with the new governor of the Bank of England.

Mark Carney's appointment by Chancellor George Osborne initially seemed as out of place as 'Gangsta Rap' in the lifts at the Threadneedle Street building, but as the news has settled in, there are few able to scoff at the outsider's choice.

As a Goldman Sach's ex-executive he comes from a stable of bankers with a fine pedigree (although maybe one which operates in a way some people don't agree with) and as the ex-governor of the Central Bank of Canada, a country which managed to avoid a double dip recession and didn't need to bail out any of its banks, there can be few with a better track record.

But OECD figures place the UK economy on the back foot.

Let us hope that he manages to live up to the hype.

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