Wednesday, December 10, 2025
ADVT 
National

Conservatives launch attacks on Mark Carney over his firm's relocation to the U.S.

Darpan News Desk The Canadian Press, 26 Feb, 2025 05:39 PM
  • Conservatives launch attacks on Mark Carney over his firm's relocation to the U.S.

The polls, fundraising hauls and endorsements aren't the only things suggesting former central bank governor Mark Carney is on track to win the Liberal leadership — Conservatives seem convinced as well.

Carney has become the primary target of Conservative attacks in recent weeks and the party is telling its supporters through fundraising emails that the race is a "sham" and just a "coronation."

On Wednesday, the party accused Carney of lying to the media after Tuesday's Liberal leadership debate and of indirectly helping U.S. President Donald Trump in his quest to get firms to relocate to the U.S.

When Carney was asked Tuesday whether he approved Brookfield Asset Management's decision to move its headquarters from Toronto to New York when he was the company's chair, Carney told reporters he had "ceased to be chair" in mid-January, when he entered the leadership race.

"The formal decision of the board happened after I ceased to be on the board," he said Tuesday night.

But on Wednesday, the Conservatives circulated a Dec. 1 letter signed by Carney as board chair that says the board had approved the move and urges shareholders to vote for it in a Jan. 27 meeting.

"This letter says that the decision by the board, of which Mark Carney at that time was chair, was unanimous to move the headquarters and Canadian jobs to Donald Trump's hometown of New York City," said Conservative ethics critic Michael Barrett.

"This is just days after Donald Trump had threatened Canada for the first time with unjustified tariffs."

Liam Roche from Carney's campaign team replied in an email that the attack shows Conservative Leader Pierre Poilievre is "scared of running against Mark Carney, and he’s desperate to misrepresent Mark’s serious experience in business because he has no economic experience whatsoever."

"The changes reported are technical in nature, and with respect to jobs, Brookfield has clearly stated that Canadian operations were not impacted," Roche added.

The Dec. 1 letter says the move was intended to position Brookfield Asset Management for inclusion in U.S. stock exchanges. The company is 73 per cent owned by Brookfield Corporation, which is based in Canada.

Natural Resources Minister Jonathan Wilkinson also rushed to Carney’s defense today but did not comment on the specifics of the controversy.

“Anyone who knows anything about business knows that boards actually have a fiduciary responsibility to their shareholders,” he said. “At the end of the day, his job as a chairman of a board is to act in the best interest of shareholders.”

Former finance minister Chrystia Freeland, former government House leader Karina Gould, Montreal businessman Frank Baylis and Carney all made their closing pitches to Liberal voters in the only two debates of the race on Monday and Tuesday.

Gould invited her rivals into her future cabinet at a news conference just outside of the Parliament buildings on Wednesday. She said she would put Carney in an economics role, have Freeland deal with foreign affairs and task Baylis with health care.

Baylis, a Montreal businessman, owned a medical devices company which he sold for $1.75 billion.

Advance voting in the race began on Wednesday, allowing party members to cast ballots online ahead of the March 9 vote to select a successor for Prime Minister Justin Trudeau.

MORE National ARTICLES

Liberal race sucked into Trump's 'gravitational field,' strategists say

Liberal race sucked into Trump's 'gravitational field,' strategists say
Liberal leadership hopefuls are pivoting and responding to the attention-consuming existential threats to Canadian trade posed by U.S. President Donald Trump — a preview of what the next federal election is going to look like, according to Liberal strategists.

Liberal race sucked into Trump's 'gravitational field,' strategists say

B.C. faces child welfare social work 'crisis,' porn disrupts video announcing report

B.C. faces child welfare social work 'crisis,' porn disrupts video announcing report
British Columbia's children's representative says child welfare social workers in the province are "in a state of crisis" and it will likely take a decade to fix things, even with committed efforts. But an online news conference with Jennifer Charlesworth after the report was released was interrupted when a participant shouted racial slurs and then began showing a pornographic video.

B.C. faces child welfare social work 'crisis,' porn disrupts video announcing report

Arctic outflow, extreme cold warnings still up in parts of B.C. and cold persists

Arctic outflow, extreme cold warnings still up in parts of B.C. and cold persists
Much of British Columbia is thawing to seasonal temperatures, although arctic outflow warnings remain in place for some parts of the province. Environment Canada says an arctic air mass is bringing strong winds through the Whistler Valley and wind-chill values near -20 C while snow remains in Metro Vancouver, where temperatures are still below freezing.

Arctic outflow, extreme cold warnings still up in parts of B.C. and cold persists

Abbotsford daycare owner charged with six counts of assaulting children

Abbotsford daycare owner charged with six counts of assaulting children
Police say an East Abbotsford daycare owner has been charged with allegedly assaulting children in her care. Abbotsford Police say officers launched an investigation into reports that the 60-year-old had assaulted children in October.

Abbotsford daycare owner charged with six counts of assaulting children

B.C. addictions doctor resigns, placed on leave over unsanctioned overdose sites

B.C. addictions doctor resigns, placed on leave over unsanctioned overdose sites
A Vancouver Island doctor involved in setting up unsanctioned overdose prevention sites has resigned from her positions with Island Health, claiming she was placed on leave as punishment for her public advocacy work. Dr. Jess Wilder, a co-founder of the group Doctors for Safer Drug Policy, says in a resignation letter dated Feb. 5 that she's leaving her positions with Island Health "immediately." 

B.C. addictions doctor resigns, placed on leave over unsanctioned overdose sites

Canadian pride is on the rise in wake of Trump's tariff threat - especially in Quebec

Canadian pride is on the rise in wake of Trump's tariff threat - especially in Quebec
Two new polls suggest Quebecers are feeling pretty good about their relationship with Canada these days. Between December and February, the share of Quebecers who said they were "very proud" or "proud" to be Canadian increased 13 points from 45 per cent to 58 per cent, according to an Angus Reid poll conducted online Sunday and Monday.

Canadian pride is on the rise in wake of Trump's tariff threat - especially in Quebec