The Globe and Mail reports in its Friday edition that Liberal leadership candidate Mark Carney says he will immediately put his assets into a blind trust if he becomes prime minister. The Globe's Stephanie Levitz writes that Mr. Carney's promise comes after weeks of criticism over his refusal to disclose his financial holdings until he is legally required to do so under existing conflict-of-interest and ethics law. His campaign said Thursday that the Conflict of Interest and Ethics Commissioner has already been contacted and that his assets "would be immediately placed in a blind trust." When Mr. Carney launched his campaign for Liberal leadership in January, he said he had cut all ties with his corporate career. Until then, the former governor of the Bank of Canada and of the Bank of England was Brookfield Asset Management's board chair and head of transition investing as well as chair of Bloomberg LP. His role at Brookfield was likely his largest source of income. Mr. Carney does not hold Brookfield shares outright, but he has 41,357 deferred share units, each of which represents a Brookfield share, worth more than $3-million, while his Brookfield stock options have a potential profit of $7.7-million (U.S.).
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