Wed. Nov 12th, 2025

Carney Locks It Down: Assets in Blind Trust as PM Role Nears

Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool TPX IMAGES OF THE DAY

Mark Carney’s stepping into Canada’s top job with his financial house in order—and he’s got the receipts to prove it. The incoming prime minister’s team announced Tuesday that Carney has parked all his assets, save for personal real estate, into a blind trust—four months ahead of the legal deadline.

In a crisp media statement, his campaign boasted a “full and robust conflict of interest management plan” delivered to the country’s ethics commissioner. Once sworn in, Carney will face Canada’s conflict of interest laws, with 60 days to spill his financial guts and 120 days to ditch or blind-trust controlled assets. “We’re way ahead of the game,” a spokesperson crowed.

But the Conservatives aren’t buying the halo. They’ve been gunning for Carney, branding him “sneaky” and accusing him of dodging transparency by not baring his wealth the second he entered the Liberal leadership race. “He’s gaming the system,” they’ve griped, turning his early move into a political hot potato.

With Carney’s swearing-in looming, his preemptive trust play aims to snuff out conflict chatter—though it’s clear the Tory sniping isn’t cooling off anytime soon.

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