Prime minister defends compliance with rules as critics probe for when he’ll disclose his assets
A blind trust is a legal contract where a trustee manages a public office holder's assets without their input or knowledge of the specific investments, preventing conflicts of interest. Mark Carney, Canada's new Prime Minister, is facing scrutiny regarding his blind trust and undisclosed assets before entering public office, particularly concerning his past involvement with Brookfield Asset Management. All federal cabinet ministers, deputy ministers and members of the House of Commons are required to use a blind trust. While Carney claims compliance and has placed his assets (excluding personal real estate) into a blind trust, critics demand more transparency and divestment from potentially conflicting assets.
