Particle.news

Download on the App Store

Carney Ethics Filings Formalize Conflict Screen for More Than 100 Firms

Filings reveal his assets are held in blind trusts with a formal recusal screen enforced by his chief of staff alongside the top public servant.

Prime Minister Mark Carney has put his financial assets into a blind trust, meaning he no longer has control over them.
Image
Prime Minister Mark Carney speaks during Canada Day celebrations at LeBreton Flats in Ottawa.

Overview

  • The newly released filings formalize a conflict-of-interest screen for Carney that bars him from decisions involving more than 100 entities.
  • Major companies on the list include Brookfield Asset Management, Brookfield Corporation and Stripe, where he previously held stakes.
  • His stocks and other assets were placed into blind trusts in March, effectively divesting him from his former holdings.
  • Enforcement of the screen falls to Carney’s chief of staff alongside the country’s top public servant under the Conflict of Interest Act.
  • The prime minister’s proactive steps surpass the 120-day disclosure deadline and aim to elevate Canada’s transparency standards.