Monday, December 22, 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

With the House of Commons prorogued, some key Liberal legislation may not pass

With the House of Commons prorogued, some key Liberal legislation may not pass
Gov. Gen. Mary Simon granted Justin Trudeau's request Monday to prorogue Parliament until Mar. 24, suspending activities of the House of Commons while the Liberals move to replace him as both Liberal Leader and prime minister. The move means the legislative agenda will be reset once the House of Commons reconvenes in March and some key pieces of legislation for the government may die on the order paper. 

With the House of Commons prorogued, some key Liberal legislation may not pass

Trump responds to Trudeau's resignation with dig about 51st state

Trump responds to Trudeau's resignation with dig about 51st state
Trump reiterated his rhetoric about Canada joining the United States in a post on Truth Social after Trudeau’s announcement that he will resign as Liberal leader and prime minister as soon as a new leader is chosen.

Trump responds to Trudeau's resignation with dig about 51st state

WestJet flight attendants launch lawsuit

WestJet flight attendants launch lawsuit
The B-C Supreme Court says WestJet must turn over harassment complaint files spanning years covered by a long-running class-action lawsuit launched by flight attendants over alleged sexual harassment by company pilots. The court ruling says WestJet has been slow to hand over documents in the case, which was filed in 2016 by lead plaintiff Mandalena Lewis.

WestJet flight attendants launch lawsuit

Men convicted in death of family crossing Manitoba border seek acquittal, new trial

Men convicted in death of family crossing Manitoba border seek acquittal, new trial
The two men found guilty of human smuggling in the case of a family from India who froze to death while trying to walk across the Canada-U.S. border in Manitoba in 2022 are seeking acquittal, or new trials. The two men, Steve Shand of Florida and Harshkumar Patel, an Indian national arrested in Chicago, were convicted by a Minnesota jury in November on all four counts each were facing.

Men convicted in death of family crossing Manitoba border seek acquittal, new trial

Edmonton police charge man in partner's homicide after woman found dead on riverbank

Edmonton police charge man in partner's homicide after woman found dead on riverbank
Edmonton Police have laid charges after a woman was found dead on a bank of the North Saskatchewan River last week. In a news release, police say a 31-year-old man has been arrested and charged with second degree murder.

Edmonton police charge man in partner's homicide after woman found dead on riverbank

Number of Albertans receiving income support reaches highest total since 2019

Number of Albertans receiving income support reaches highest total since 2019
Government data shows the number of Albertans receiving provincial income support has reached a five-year high. As of October, almost 57,500 residents were getting income support.

Number of Albertans receiving income support reaches highest total since 2019