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Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 443,049,121
Close 2024-12-18 C$ 77.68
Market Cap C$ 34,416,055,719
Recent Sedar Documents

Globe says Brookfield Asset's Carney stays in shadows

2024-12-18 07:23 ET - In the News

The Globe and Mail reports in its Wednesday edition that Prime Minister Justin Trudeau told Chrystia Freeland in a Zoom call on Friday that she was going to be replaced as Finance Minister by former central banker Mark Carney. A triple-bylined item led by Robert Fife says that Mr. Trudeau told her that by Tuesday morning she would no longer be Finance Minister and that the job would be handed to Mr. Carney, chairman of Brookfield Asset Management and former governor of the Bank of Canada and Bank of England. Mr. Trudeau still expected her to deliver the economic and fiscal update Monday that showed she would miss the government's promised $40.1-billion deficit target by more than $20-billion. Ms. Freeland resigned Monday, before delivering the update. After Ms. Freeland resigned, the Prime Minister named Public Safety Minister Dominic LeBlanc, a close friend, as Finance Minister. In her resignation letter, Ms. Freeland cited concerns about unnecessary spending and the best approach to deal with incoming president Donald Trump's America First economic agenda. Sources close to Mr. Carney said over the weekend that he was not willing to be part of the government even though he did not immediately close down discussions.

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