Poilievre wants Carney to cash out blind trust, says ethics screens insufficient
Carney set up a blind trust after he was sworn in as prime minister in March and the details of how it works were made public on Friday.
They show that the prime minister has set up screens to avoid potential conflicts related to his previous interests in Brookfield Asset Management, Brookfield Corporation and Stripe Inc.
But Conservative Leader Pierre Poilievre says that's not enough, arguing Carney could still benefit personally from decisions that affect Brookfield's wide portfolio of businesses.
Poilievre is calling on Carney to cash out his holdings and give them to a trustee to invest without any knowledge of what he held previously.
A spokesperson for the Prime Minister's Office says Carney worked with the ethics commissioner to 'exceed' the existing rules by creating the blind trust days before he took office.
— with files from Sarah Ritchie
This report by The Canadian Press was first published July 14, 2025.
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Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors After meeting with his cabinet Wednesday, Carney told reporters that the recognition was conditional on the Palestinian Authority, which governs the West Bank, going forward with significant reforms which include demilitarization and holding a general election in 2026. 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During the press conference, Carney said terrorist group Hamas was a constant obstacle to peace and poses a pervasive threat to Israel, namely by committing 'heinous' terrorist attacks such as the antisemitic Oct. 7, 2023, massacre. He called on Hamas to immediately release all remaining hostages taken nearly three years ago. But he also condemned Israel's 'ongoing failure' in preventing 'the rapidly deteriorating humanitarian disaster in Gaza, with impeded access to food and other essential humanitarian supplies.' He further criticized the Knesset's vote earlier this month for annexation of the West Bank as well as citing increased Israeli settler violence against Palestinians. Carney's announcement comes after France and the United Kingdom made similar announcements over the past week. If they go through with their commitments, France, the U.K. and Canada will be the first G7 countries to recognize Palestinian statehood at the UN, a largely symbolic move. This advertisement has not loaded yet, but your article continues below. Carney said the statehood recognition would go to the Palestinian Authority and that Hamas is not welcome 'in any shape or form' in the process. He said he spoke earlier Wednesday to Palestinian Authority President Mahmoud Abbas, who reiterated a commitment to fundamentally reform the Authority's governance, demilitarize the Palestinian state and hold general elections in 2026 that exclude Hamas. 'Much has to happen in order (before) a democratic, viable state is established, and we're committed to help work as part of that process. I'm not in any way or shape minimizing the scale of that task,' Carney said. Let us be clear: Israel will not bow to the distorted campaign of international pressure against it The Centre for Israel and Jewish Affairs (CIJA), a Jewish advocacy group, called Carney's trust in Abbas' commitments 'misplaced'. This advertisement has not loaded yet, but your article continues below. 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The declaration that was signed at a UN conference hosted by Saudi Arabia and France on 'the peaceful settlement' of the Palestinian issue and the implementation of a two-state solution. On Tuesday, British Prime Minister Kier Starmer said his government would recognize Palestinian statehood at the United Nations general assembly in September if Israel has not implemented a ceasefire in Gaza by then. He also demanded Israel significantly increase humanitarian aid to Gaza amid growing and vocal concerns by multiple humanitarian groups of famine. The Israeli government blames the UN and Hamas for failing to distribute aid. On Monday, U.S. President Donald Trump said there was 'real starvation' unfolding in the Gaza Strip, but said it was because Hamas was 'stealing the food.' This advertisement has not loaded yet, but your article continues below. Last week, France announced it would vote to recognize Palestinian statehood in September, a decision that was condemned by both Israel and the United States. In a statement, Conservative foreign affairs critic Michael Chong said the recognition legitimizes Hamas's use of terrorism to achieve its political goals. 'A unilateral declaration of Palestinian statehood, without peace negotiations or a renunciation of violence, destroys the path to a durable, two-state solution. Worse, it legitimizes terrorism by handing political rewards to a group that rules Gaza through fear, oppression, and brutality,' he said. Carney's announcement followed a group of 173 former Canadian ambassadors and diplomats calling on the federal government to recognize a Palestinian state, on Wednesday. This advertisement has not loaded yet, but your article continues below. 'Recognition will create the political space needed to set the stage for a serious bilateral negotiation process and send a clear message to the current Israeli government, which actively opposes a Palestinian state, that it does not have a veto on the recognition of Palestine,' wrote the former diplomats, including two ex-ambassadors to Israel, in a statement. The group also called on Canada to implement a two-way arms embargo on military equipment to Israel, 'urgently' implement trade restrictions on Israel exports originating from the occupied territories and push for the UN to create a 'protected humanitarian corridor.' The recognition that sovereignty is essential to the survival and dignity of all people The letter to Carney also called on Palestinians to eschew 'terrorism and violence' and recognize Israel's right to exist. It did not reiterate the Canadian government's call for Hamas, designated a terrorist group in Canada, to relinquish control over the Gaza Strip. This advertisement has not loaded yet, but your article continues below. In a rebuttal also sent to Carney's office Wednesday, three other former Canadian diplomats — including the former top lawyer at Global Affairs Canada, Alan Kessel — argued that the letter's proposals came from a good place but were 'naive and dangerous.' 'If acted upon, their recommendations would empower a proscribed terrorist organization, weaken Canada's strategic and moral standing, and ultimately leave both Palestinians and Israelis worse off,' read the rebuttal. 'Hamas and elements of the Palestinian Authority reject a two-state solution, pursuing instead a 'one state without Jews' vision that makes peace impossible,' the rebuttal said. National Post, with files from Ari David Blaff. Read More Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our politics newsletter, First Reading, here. 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