Mark Carney - New Canadian Prime Minister… and ‘Cutthroat Capitalist’

When Mark Carney become the leader of the Liberal Party in Canada, and consequently the new Prime Minister, there was scrutiny of his past. Now that he has won the general election, that scrutiny will only increase. And some of CICTAR’s research portfolio is already proving to be of interest to journalists. CICTAR has carried out a number of reports into the financial structuring, tax ‘planning’ and lack of oversight of Brookfield Asset Management. The giant Canadian Investment vehicle where Mark Carney served several years as chair and ‘head of impact investing’. As well as our 2023 global overview of the company, we have looked into Brookfields investments in Colombia and Norway and we also supported our union partner to table a shareholder proposal on greater financial transparency. A proposal that was vigorously opposed by Brookfield’s management.

CBC, The Walrus and Ricochet have all drawn attention to our work so far. They ask legitimate questions about what his track record with Brookfield tells Canadians about how he is likely to act in Government and who’s interests he will serve. We expect more to come!