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3mo ago

Mark Carney Faces Scrutiny Over Brookfield Relocation and Leadership Claims

The Liberal leadership frontrunner acknowledges imprecision in statements about his role in Brookfield's U.S. move while fending off Conservative attacks on his credibility.

Canada's Liberal Party leadership candidate and former Bank of Canada governor Mark Carney speaks to the media after participating in an English language debate ahead of the March 9 vote to replace Prime Minister Justin Trudeau, in Montreal, Quebec, Canada, February 25, 2025. REUTERS/Evan Buhler
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Mark Carney, former governor of the bank of Canada, gestures during a press conference following the second night of debate in the federal Liberal leadership race to replace Canadian Prime Minister Justin Trudeau at the MELS studios in Montreal, Canada, on February 25, 2025. (Photo by ANDREJ IVANOV / AFP) (Photo by ANDREJ IVANOV/AFP via Getty Images)

Overview

  • Mark Carney, leading the Liberal leadership race, admitted he should have been more precise about his involvement in Brookfield Asset Management's headquarters relocation to New York.
  • Carney claims the formal decision to move Brookfield's headquarters occurred after his departure, but documents suggest he was involved in urging shareholder approval prior to stepping down.
  • Conservative critics accuse Carney of misleading Canadians about the timeline and his role in the decision, questioning his trustworthiness as a potential prime minister.
  • Carney has pledged to follow all ethics and conflict-of-interest rules if elected but has avoided committing to proactive financial disclosures beyond legal requirements.
  • The Liberal Party has seen a recent surge in polls, attributed partly to backlash against Donald Trump's rhetoric, positioning Carney as a stabilizing figure compared to Conservative leader Pierre Poilievre.