Tuesday, March 24, 2026
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

Drug deaths in B.C. drop 13 per cent, hitting four-year low of 2,253

Drug deaths in B.C. drop 13 per cent, hitting four-year low of 2,253
The BC Coroners Service says toxic drug deaths in British Columbia were down 13 per cent last year, with the toll now lower than any year since 2020. Chief Coroner Dr. Jatinder Baidwan says the decline is consistent with elsewhere in Canada and internationally, but doesn't mitigate the fact that 2,253 people died of overdoses in B.C. last year, or the grief felt by their loved ones.

Drug deaths in B.C. drop 13 per cent, hitting four-year low of 2,253

Metro Vancouver to stay cold for at least a week with wintry road conditions

Metro Vancouver to stay cold for at least a week with wintry road conditions
This week's wintry blast of snow in Metro Vancouver will likely remain on the ground, with below-average temperatures forecasted well into next week. Environment Canada meteorologist Alyssa Charbonneau says while temperatures may moderate slightly during the daytime over the weekend, whatever's melted will likely refreeze at night.

Metro Vancouver to stay cold for at least a week with wintry road conditions

B.C. puts its response to U.S. tariffs on hold after 30-day delay

B.C. puts its response to U.S. tariffs on hold after 30-day delay
British Columbia Premier David Eby says his government will pause its response to threatened American tariffs after a 30-day reprieve was negotiated today between Prime Minister Justin Trudeau and U.S. President Donald Trump. 

B.C. puts its response to U.S. tariffs on hold after 30-day delay

Ontario PCs pledge billions in stimulus that would flow after election if tariffs hit

Ontario PCs pledge billions in stimulus that would flow after election if tariffs hit
Ontario Progressive Conservative Leader Doug Ford is defending simultaneously wearing two hats — campaigning in a snap election he called and taking anti-tariff actions as premier. This is a bad time for Ontario to find itself in an election, the other political party leaders say, amid the chaos of U.S. President Donald Trump's tariff threats. 

Ontario PCs pledge billions in stimulus that would flow after election if tariffs hit

B.C. wildfire crews return from California deployment to combat L.A. fires

B.C. wildfire crews return from California deployment to combat L.A. fires
More than 30 firefighters from British Columbia's Wildfire Service have returned home from a deployment fighting large fires that destroyed thousands of homes around Southern California. The Ministry of Forests say the crews are part of two separate groups, the first consisting of 13 technical specialists who were deployed on Jan. 11 to support the effort to combat the Palisades wildfire in L.A.

B.C. wildfire crews return from California deployment to combat L.A. fires

B.C. Court of Appeal orders new trial for husband in 'rape role-play' case

B.C. Court of Appeal orders new trial for husband in 'rape role-play' case
The B.C. Court of Appeal says a man convicted of sexually assaulting his wife deserves a new trial because messages between the pair about a consensual "rape role-play" scenario were wrongfully excluded as evidence. The ruling released on Friday says the complainant and accused, who can't be identified under a publication ban, were married but separated at the time of the alleged sexual assault in November 2019. 

B.C. Court of Appeal orders new trial for husband in 'rape role-play' case