Bank of Canada denies reports of Mervyn King successor

Reports suggesting Bank of Canada governor Mark Carney is being lined up to replace his Bank of England (BoE) counterpart Sir Mervyn King have been denied.

The Financial Times reported late on Tuesday that Carney had been approached by a member of the BoE's court, the body that supervises its activities. But the Bank of Canada has dismissed the report as inaccurate, according to Reuters. "The FT report that governor Carney was approached as a potential candidate for the head of the Bank of England is not accurate," spokesman Jeremy Harrison said. BoE governor King is due to retire in June 2013.