Poilievre says Carney lied about conflicts after ethics disclosure reveals investment portfolio

National Post

14-07-2025

Conservative Leader Pierre Poilievre accused Prime Minister Mark Carney of 'numerous falsehoods' about his financial portfolio Monday, and called on him to sell all of his personal investments to avoid conflicts of interest.
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Speaking at a press conference in Ottawa, Poilievre also accused Carney of using his political pull to personally profit by advancing programs or offering endorsements that would benefit companies in his portfolio.
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The accusations follow the disclosure Friday by the ethics commissioner of a report on Carney's conflicts of interest involving over 100 companies that the prime minister had interests in. Carney had agreed with the commissioner to establish an extensive conflict-of-interest screen that would include recusing himself from any discussions directly involving Brookfield Asset Management, payment-processing giant Stripe, or a wide range of companies those organizations owned or controlled at the time the prime minister set up a blind trust earlier this year.
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Before entering politics, Carney was chairman of Brookfield Asset Management, where he co-led efforts to raise capital for two major clean energy funds. He was also on Stripe's board of directors.
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Poilievre said the Liberal leader deceived voters during the federal election campaign earlier this year when he described his efforts to avoid financial conflicts.
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'Mr. Carney was not upfront or honest with Canadians,' the Conservative leader said. Poilievre said that during the election campaign, Carney claimed that he had only cash and real estate holdings, and it turns out he held hundreds of stocks, stock options and deferred profits from Brookfield and other companies.
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In the early days of the election Carney said he had set up a blind trust. 'I actually don't own – directly – any stocks in those companies,' and 'I own nothing but cash and personal real estate,' Carney said at the time.
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Carney also said then he no longer had any financial connection to Brookfield Asset Management and that he didn't know what was in his blind trust, both of which Poilievre said aren't true.
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Carney's declaration on the ethics commissioner's website last week said the new screen will prevent him from giving preferential treatment to any of the companies with which he has a financial link. It also means that Carney cannot be involved in 'any official matters or decision-making processes' that would further either his or the interests of the 103 companies, many of which operate in the renewable energy and real estate sectors.