The Globe and Mail reports in its Thursday edition that Liberal leadership candidate Mark Carney says he was no longer the chair of Brookfield Asset Management when the formal decision was made to move its headquarters to the United States, but company records show the relocation was completed during his tenure. A triple-bylined item led by Stephanie Levitz says a conflict between the timeline he laid out and what Brookfield disclosures show prompted the Conservatives to accuse him of misleading Canadians, and garnered criticism from his leadership rivals. Mr. Carney, the former Bank of Canada governor, is framing his leadership bid around a promise to focus on growing the Canadian economy and creating jobs. He was asked after the Liberal leadership debate on Tuesday night how that goal jibes with Brookfield's decision that the U.S. was a better home. Mr. Carney said Tuesday night that "the formal decision of the board happened after I ceased to be on the board." Mr. Carney joined the company's board in 2020 and became chair in 2022. He stepped down in mid-January when he launched his bid for the Liberal leadership. Moving its headquarters to the U.S. is a technical change to allow it better access to U.S. stock indices.
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