OTTAWA — The frontrunner in the federal Liberal leadership race urged shareholders to support his company’s relocation from Canada to New York City months before he resigned from his job, the Conservatives allege. Read More
Carney maintains Brookfield’s Oct. 2024 decision to leave Canada for New York City was made after his Jan. 2025 resignation from board
OTTAWA — The frontrunner in the federal Liberal leadership race urged shareholders to support his company’s relocation from Canada to New York City months before he resigned from his job, the Conservatives allege.
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During a Wednesday morning press conference in the foyer of West Block, Conservative Ethics Critic Michael Barrett and Quebec Lieutenant Pierre Paul-Hus accused Carney of being untruthful about when he resigned from the board of Brookfield Asset Management, and his role in the company’s decision to divest itself from Canada to the United States.
“Last night, Mark Carney lied to Canadians” Barrett claimed. “He lied to Canadians, saying that Brookfield Asset Management only moved their headquarters from Canada to Donald Trump’s hometown of New York City after he had resigned from the board.”
Brookfield, Barrett maintains, announced their departure from Canada on Oct. 31, which Barrett says proves that Carney lied about not having a say in the decision.
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Carney officially resigned from his executive positions in mid-January.
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At the press conference, Barrett presented a letter to Brookfield shareholders on Dec. 1 regarding the move, signed by Carney.
“This is just days after Donald Trump had threatened Canada for the first time with unjustified tariffs,” Barrett said.
“The letter says that the decision by the board, of which Mark Carney was at that time chair, was unanimous to move the headquarters and Canadian jobs to Donald Trump’s hometown of New York City.”
The letter, Barrett continued, urges Brookfield shareholders to support the move.
“This is not surprising, but it is extraordinary to have Mark Carney stand before Canadians and in response to media questions to lie,” he said.
“It’s now more important than ever that he disclose all of his financial interests and conflicts of interest, knowing that he’s been advising the Liberals and Justin Trudeau for five years and not disclosing what his interests were to this point.”
Carney has not yet responded to these allegations.
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