Mark Carney faces scrutiny over undisclosed blind trust assets

Canadian Prime Minister Mark Carney is facing questions about his undisclosed assets and his use of a blind trust. A blind trust is a legal arrangement where a trustee manages a trustor's assets without input from the trustor. This setup is meant to prevent conflicts of interest for public office holders, such as Carney. All federal cabinet ministers, members of the House of Commons, and other appointed officials must use a blind trust and report it to Canada's conflict of interest commissioner. After being elected, officials have 120 days to disclose their assets publicly. Carney's assets were placed into a blind trust before he was sworn in, but questions remain about what exactly is in that trust. Carney may be called to a general election soon, which could end before he is required to disclose his assets publicly. Critics worry about potential conflicts of interest given Carney's past with Brookfield Asset Management, where he held valuable stock options. When pressed by reporters, Carney defended his adherence to the rules and emphasized his quick compliance. He stated he has left his private sector roles to serve Canada. However, opposition leader Pierre Poilievre and others have accused Carney of not being transparent. They argue he should disclose his financial interests before the election, arguing for greater accountability.