Sunday, December 21, 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

Poilievre says the next Canadian election will be about the carbon price

Poilievre says the next Canadian election will be about the carbon price
Conservative Leader Pierre Poilievre says his focus in the next federal election will be on ending the carbon price, even with the threat of tariffs from the incoming Trump administration. Poilievre says the carbon price is essentially a tariff on Canadians imposed by their own government.

Poilievre says the next Canadian election will be about the carbon price

Lawsuit against hardware retail giant Home Depot

Lawsuit against hardware retail giant Home Depot
The lawsuit alleges Home Depot gathered information when B.C. customers opted for emailed receipts, including the purchase price, brands bought, and data related to the customer's email address, then shared it without consent with technology giant Meta.

Lawsuit against hardware retail giant Home Depot

Canadian water bombers, helicopters on the way to help fight Los Angeles wildfire

Canadian water bombers, helicopters on the way to help fight Los Angeles wildfire
The Canadian agency that co-ordinates cross-border wildfire response with the United States says it's working to send a pair of air tankers to Southern California. The Canadian Interagency Forest Fire Centre, headquartered in Winnipeg, said Thursday that it got a request overnight for a pair of CL-415 Skimmer Airtankers to join the fight against the fires. 

Canadian water bombers, helicopters on the way to help fight Los Angeles wildfire

U.S. steel, plastics among items Canada may target with retaliatory tariffs

U.S. steel, plastics among items Canada may target with retaliatory tariffs
Canada is looking to target American steel, ceramics, plastics and orange juice with retaliatory tariffs in response to threats of hefty duties on Canadian imports by the incoming Trump administration. A senior government official said Ottawa has made no decisions yet on retaliation, and is not prepared to share the full list of items under consideration.

U.S. steel, plastics among items Canada may target with retaliatory tariffs

Education support workers in and near Edmonton could walk off job as soon as Monday

Education support workers in and near Edmonton could walk off job as soon as Monday
More than 3,000 educational support workers in Edmonton and some nearby communities could walk off the job as early as Monday. The Canadian Union of Public Employees says locals representing workers with the Edmonton Public School Board and the Sturgeon Public School Division were to serve strike notice on Thursday.

Education support workers in and near Edmonton could walk off job as soon as Monday

U.S. Capitol rioter arrested in B.C. ski resort after claiming political asylum

U.S. Capitol rioter arrested in B.C. ski resort after claiming political asylum
An American man convicted for his part in the riot on the U.S. Capitol on Jan. 6 has been arrested in the ski resort of Whistler. The Canada Border Services Agency says in a statement that Antony Vo, described as "a fugitive from U.S. justice," was arrested on Monday without incident.

U.S. Capitol rioter arrested in B.C. ski resort after claiming political asylum