In Whose Interest Does Mark Carney Plan to Act?

"[Canadians] need to wake up [to the threats that Mark Carney and the Liberal Party policies represent]."

"[The World Economic Forum is a] breeding ground [for those types] people who believe in ... wokeism, big government, high taxation [and Carney is a] regular."

"Mark Carney was the governor of the Bank of England who printed money to a huge extent, creating inflation."

"He was the one who created the pensions crisis in the first place by not regulating the pensions industry properly."

"[Carney is among the cohort who] move in and out of the financial sector [and don't believe in actually representing the interests of the electorate]."

"They fundamentally believe that government should be run by experts who know best, which is them and their friends. They do not believe that democracy is a bottom-up thing."

"[I am] puzzled by his rise to prominence within the Liberal party without having been elected, which I consider is] illegitimate." 

Former U.K. Prime Minister Lizz Truss

Prime Minister Mark Carney speaks during a press conference in the foyer of the House of Commons in Ottawa, ON. on Thursday, April 3, 2025. Photo by Bryan Passifiume/Toronto Sun/Postmedia Network

Mark Carney is busy demonstrating during his electioneering appearances just how prepared he is to act in Canada's best interests. He enjoys drawing the puny crowd presence that admires his background as a former governor of the Bank of Canada and of the United Kingdom, and his  high-flying days as the head of Brookfield Asset Management investment firm. When any hecklers appear during his electioneering speeches, he has reminded his listeners that he has made a sacrifice on their behalf; leaving the elite echelons of business to offer himself as a prime asset as Prime Minister of Canada.

 

He is prepared to address Canada's severe housing shortage that resulted in part from the Liberal government of Justin Trudeau's wholesale importation into Canada of a temporary workforce that could readily switch to permanence, a huge corpus of foreign students studying at Canadian universities with an option to remain as landed immigrants, and immigrants along with illegal migrants from countries whose values, culture and religious orientation are largely inimical to Canada's values and customs and resistant to its laws.

 

He has a plan and is persuasively speaking of "prefabricated and modular housing" that dovetails into his plan for a new government Agency -- Build Canada Homes, with an agenda to construct 500,000 homes annually, most of which would be prefabricated: "Prefabricated and modular  housing will catalyze a productivity boom", he prophesied. And in return, it was noted by keen observers that a major player in the modular housing industry by sheer coincidence just happens to be Brookfield Asset Management. 

As one of the largest investment companies in the world, Brookfield Asset Management spent $5 billion in 2021 to acquire Modulaire Group, a major manufacturer of modular buildings, specialists in the realm of "rapid urbanization". The very width and breadth of Brookfield's investments and its vast business interests guarantees that the company has the potential to be indirect beneficiaries of many of the gushing Liberal announcements to benefit Canada's advance into a 'brighter future'.

"Mark Carney's $1-billion heat pump plan could deliver BIG profits for him  and his friends at Brookfield."

"But he still refuses to disclose his assets and financial interests."

Conservative party ethics critic Michael Barrett 

There was also a climate plan unveiled promising to "improve subsidies for heat pumps to make home heating more affordable". Just what winter-cold, energy-intensive Canada needs, to relieve home owners of the aggravating cost of energy. And so it just so happens that in 2023 Brookfield acquired HomeServe, at a cost of $5 billion. A British home repair multinational featuring heat pump refurbishments. In October, the British Telegraph newspaper reported that Carney had been actively lobbying the British government to increase subsidies for heat pumps on behalf of Brookfield.

 

"Mark [Carney] is working on our behalf in government and he did have a meeting on this with [Chancellor of the Exchequer] Rachel Reeves", Richard Harpin, founder of HomeServe related to the Telegraph. Newly released, Mr. Carney's  Canadian climate plan promised to "increase financial incentives for energy-efficient homes". The $6-billion Brookfield Residential, the property development arm of Brookfield Asset Management, a major builder of energy-efficient homes in Ontario and Alberta just opened Seton, a planned community outside of Calgary advertising as a model of sustainable building. "When you live in a home in Seton, you can rest easy knowing you've made a sustainable choice", their promotion literature boasts.

 

And of course, there are other incidentals, inconvenient ones as it happens, that as far as Mr. Carney is concerned, delve too damnably intrusively into his own private affairs, despite that he is required to disclose assets within 120 days of becoming prime minister, the deadline of which follows the election date. Brookfield's disclosures indicate that their former chief holds options to a value of $6.8 million. Mr.
Carney had placed his assets into a blind trust while he said, he was collaborating with the ethics commissioner to put "screens around certain issues" where his business interests may intersect with his policy decisions.

 

The Carney-Trudeau Nexus: How Financial Elites from Davos to Beijing Are Shaping Canada’s Next Federal Election  The Bureau

Michael Barrett, Conservative Candidate for Leeds–Grenville–Thousand Islands–Rideau Lakes, wrote the following letter to Canada’s Lobbying Commissioner:  Dear Commissioner,

I am writing to draw attention to remarks made by Prime Minister Mark Carney yesterday, which raise serious concerns about conflicts of interest. 

On Tuesday, April 8, 2025, Mr. Carney announced his intention to spend $1 billion on heat pumps, a decision which would clearly benefit companies in the heat pump business. 

Brookfield Infrastructure “is the flagship listed infrastructure company of Brookfield Asset Management (BAM).” Brookfield Infrastructure in turn owns Ontario-based Enercare, which specifically advertises heat pump retrofits as one of its offered services – including taking advantage of government rebate programs. 

As you are well aware, Mr. Carney was previously Chair of the board at BAM. While Mr. Carney has repeatedly declined to publicly disclose his assets and conflicts of interest, he has also refused to rule out some sort of continued financial interest in Brookfield. 

As such, it is conceivable that Mr. Carney might well benefit financially from the Liberals’ announced $1 billion heat pump program. 

This is not the first time that Mr. Carney has been caught using his political influence to advance Brookfield’s heat pump interests. 

In October 2024, London’s Telegraph newspaper broke news that Mr. Carney used his political connections to personally lobby the British Cabinet for heat pump programs. At the time, the Chairman of BAM subsidiary HomeServe bluntly stated, “Mark is working on our behalf in Government.” 

Also, last October, at the Prime Quadrant Conference in Toronto on October 10, 2024, Mr. Carney discussed how he provides advice to governments around the world while simultaneously benefiting Brookfield’s business interests.