US EditionCarney insists he’s following ethics rules with blind trust amid Conservative criticism
- On March 17, 2025, Prime Minister Mark Carney, during a news conference in London, faced questioning about his financial holdings and pushed back against reporters.
- To shield himself from potential conflicts of interest, Carney announced he had placed his financial assets into a blind trust, where a trustee manages the assets without his input, following ethics rules requiring disclosure of assets within 60 days of taking office.
- Prior to entering politics, Carney served on the board of directors for prominent businesses such as Brookfield Asset Management , holding 41,000 deferred share units that could be converted to BAM stock and 303,049 stock options valued at $1.7 million US, raising questions about potential conflicts given BAM's status as one of Canada's largest publicly traded companies.
- Carney stated, "I'm complying with the rules of the ethics commissioner, going through the processes and all those things that are necessary," while Conservative critics like Michael Barrett called for him to publicly disclose his financial holdings, arguing that "Canadians deserve to know that their Prime Minister is making decisions in the national interest and be assured that they are free from any undue corporate influence."
- Despite Carney's insistence that he is complying with ethics rules and that a blind trust prevents him from knowing the current composition of his assets, concerns remain about transparency, especially with a potential upcoming election before the public disclosure of his holdings, prompting calls for screens to be set up to automatically recuse Carney from decisions that could present a conflict.
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The Toronto StarReposted by 
The Hamilton Spectator
The Hamilton SpectatorMark Carney risks getting ‘hammered’ for prickly response to questions about his finances, experts say
For weeks, Canada's unelected rookie prime minister has been criticized over his refusal to disclose details of his sizable personal assets.
·Toronto, Canada
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Carney insists he’s following ethics rules with blind trust amid Conservative criticism
Prime Minister Mark Carney insists he’s following the ethics rules when it comes to the disclosure of his assets, amid criticism from the Conservatives that he’s being 'sneaky' for withholding the full details from the public.
·Canada
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Carney Held $6.8 Million of Brookfield Options Before Quitting for Political Run
Mark Carney held stock options in Brookfield Asset Management Ltd. that were worth $6.8 million at the end of December, but the investment manager’s annual 10-K filing offers little information about how much it paid the man who is now Canada’s prime minister.
·United States
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