Mark Carney and Bank of England

stock markets: The result shocked investors, and stock markets plummeted around the world, with key indexes dropping 10 per cent in Germany and about 8 per cent in Japan and Britain, according to Metro News. The euro fell against the dollar and the pound dropped to its lowest level since 1985, plunging more than 10 per cent from about $1.50 to $1.35 before a slight recovery, on concerns that severing ties with the single market will hurt the U.K. economy and undermine London position as a global financial centre . Bank of England Gov. Polls ahead of the vote had shown a close race, but the momentum had increasingly appeared to be on the "remain" side over the last week. Mark Carney sought to reassure the markets."We are well prepared for this," Carney said. "The Treasury and the Bank of England have engaged in extensive contingency planning. ... We have taken all the necessary steps to prepare for today events."The U.K. would be the first major country to leave the EU, which was born from the ashes of World War II as European leaders sought to build links and avert future hostility. Germany called top diplomats from the EU six founding nations to a meeting Saturday, and the president of the European Council, Donald Tusk, said the bloc will meet without Britain at a summit next week to assess its future. With no precedent, the impact on the single market of 500 million people — the world largest economy — is unclear. (www.immigrantscanada.com). As reported in the news.