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Mark Carney’s 100+ Company Conflict: The Blind Trust Olympics Nobody Asked For
Canada’s new PM is recusing himself from more companies than most Canadians can name. Is this ethics, or just “hide and seek” with a billion-dollar twist?
By Jonny Johnson, CanAmericaNews.com
Well folks, grab your calculators and a stiff drink, because Prime Minister Mark Carney has officially set a new Olympic record for “Most Companies a Canadian PM Has to Avoid at Work.” That’s right—over 100 companies (and counting!) are now on Carney’s “Do Not Touch” list, thanks to his totally not suspicious financial past with Brookfield Asset Management, Stripe, and a Wall Street buffet of investments. Now let’s hear from today’s sponsor:
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Let’s break this down for the regular Canuck who doesn’t have a blind trust, just a blind hope their rent won’t go up this month.
What’s the Drama?
Carney’s Conflict-of-Interest Screen: Imagine your boss tells you, “Hey, you can run the country, but don’t talk to, think about, or make decisions involving these 100+ companies… oh, and don’t peek at your own investments.” That’s Carney’s life now.
Why? Because before he was PM, Carney was basically the CEO of Monopoly, running Brookfield (that’s a $1 TRILLION company, with a T), and sitting on Stripe’s board. He’s got more stock options than a Costco freezer aisle.
The Blind Trust: Carney says, “Don’t worry, I don’t directly own these stocks anymore—they’re in a blind trust!” Translation: “I know what’s in there, but I promise not to look… unless someone tells me.”
Who’s Watching the Watchers?
The “ethics screen” is run by Carney’s own chief of staff and Canada’s top bureaucrat. Their job? Make sure Marky Mark doesn’t accidentally slip a few million to his old pals at Brookfield, or, you know, invest in nuclear power while giving speeches about nuclear power (which he already did—awkward!).
Opposition: “Sell Everything!”
Conservative leader Pierre Poilievre is not impressed. He’s demanding Carney sell all his assets, not just play peekaboo with a blind trust. Poilievre says Carney’s been “sneaky,” and the only thing more blind than the trust is the public’s ability to see what’s really going on.
What’s Actually in the Trust?
Shares and options in Brookfield, Stripe, and a 16-page list of companies that reads like the Fortune 500 met a copy machine.
Big names: Airbnb, Amazon, Apple, Moderna, Lockheed Martin, Lululemon, and more. If you’ve heard of it, Carney probably owns a piece of it.
Over $6.8 million in Brookfield stock options alone, expiring in the 2030s. That’s enough to buy every Tim Hortons in Toronto and still have change for a double-double.
The Real Question: Can He Actually Govern?
With so many companies off-limits, is Carney running the country or just running away from his own portfolio? Ethics experts are scratching their heads, and Canadians are left wondering if the PM’s next cabinet meeting will be held in a broom closet just to avoid a conflict.
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This is Jonny Johnson, reminding you: In Canada, even our ethics are politely complicated.