In a rare show of unity, all opposition parties — the Conservatives, NDP, Bloc Québécois, and Greens — voted Tuesday in the House of Commons to expand parliamentary hearings into Prime Minister Mark Carney’s alleged conflicts of interest and offshore financial dealings.
The motion, introduced by Conservatives, compels Brookfield Asset Management's CEO and Carney’s chief of staff to testify before the Standing Committee on Access to Information, Privacy and Ethics.
Carney, who previously chaired Brookfield before entering politics, has faced mounting scrutiny over the firm’s international holdings and tax structures.
“Carney’s company pocketed billions while he benefits from tax havens at the expense of Canadians,” Conservative MP Michael Barrett said. “There must be accountability.”
Carney, before becoming prime minister, served as chair of Brookfield Asset Management, a global investment firm with multibillion-dollar holdings and subsidiaries operating in multiple tax jurisdictions.
Allegations raised by opposition MPs and ethics critics centre on potential conflicts of interest, claiming Carney may have retained financial links or insider knowledge that could influence federal policy decisions affecting Brookfield’s investments.
Parliamentary hearings are now examining whether Carney’s past role and Brookfield’s offshore structures constitute a breach of ethics or conflict-of-interest rules for public office holders.