Business
Conservatives demand Brookfield Asset Management reveal Mark Carney’s compensation

From Conservative Party Communications
Canadians Deserve to Know How Much Carney is Being Paid
Today, Common Sense Conservative MPs Michelle Rempel Garner and Michael Barrett wrote this letter to Bruce Flatt, the CEO of Brookfield, calling on him to fully disclose Carbon Tax Carney’s compensation for his role as Chair of Brookfield Asset Management. The full text can be found below:
Dear Mr. Flatt,
We are writing with regard to the Chair of Brookfield Asset Management, Mark Carney, who has acted in a senior leadership position for your company for some time now.
During the same time period, Mr. Carney has been advising Prime Minister Justin Trudeau’s government, and advocating for policies that have arguably wreaked havoc on Canada’s economy, like the carbon tax.
After nine years of this NDP-Liberal Government, which by their own very public admissions have relied on Mark Carney for advice, Canadians are witnessing the worst decline in living standards in forty years. The cost of housing has doubled, and record numbers of Canadians are having to depend on food banks to survive.
Since August 2020, Mr. Carney has helped the NDP-Liberal Government hike its carbon tax on the backs of working Canadians, even endorsing it in his book, saying “One of the most important initiatives is carbon pricing…The Canadian federal carbon pricing framework is a model for others.” And since September 2024, when Trudeau appointed Carney as the Liberal Party’s Chair of the Leader’s Taskforce on Economic Growth, he would have had input into the most recent Fall Economic Statement which plunged Canada into a $62 billion deficit, blowing past the NDP-Liberal Government’s own fiscal guardrails.
And all the while Carney was advising the Liberals to continue carrying out their agenda of economic vandalism, he remained the Chair of Brookfield Asset Management, posing grave ethical questions that could have real-life consequences for millions of Canadians.
For instance, just a few days after his official appointment as Chair of the Leader’s Taskforce on Economic Growth, The Logic reported that Brookfield Asset Management has been actively lobbying the same federal Liberal government he’s been advising for $10 billion from the Canadian taxpayer. And Mr. Carney has strongly advocated for policies that would destroy Canada’s oil and gas sector, while at the same time your company invested in oil companies in Brazil and the United Arab Emirates.
There are many other instances of questionable policy decisions the NDP-Liberal Government has made while Mark Carney was both advising them and acting as the Chair of Brookfield Asset Management – decisions that potentially could have resulted in Mr. Carney’s personal gain.
While we have written to the Federal Lobbying Commissioner to examine whether this arrangement broke any lobbying rules, that investigation may not shed public light on whether Mr. Carney was personally motivated by the structure of his compensation model with your company to advocate for certain policies in his senior advisory capacity with Justin Trudeau’s Liberal government.
Executive compensation for a Chair at a company the size of Brookfield can include salary, performance bonuses, stock options, lucrative expense accounts and more. Since Mr. Carney has a direct, senior, advisory line into Justin Trudeau’s government, and since your company has many interests which involve the type of policy on which Mr. Carney was advising the government, revealing the full scope of Mr. Carney’s compensation package to the public is essential to understanding what impact his access into the federal Liberal government had on his personal fortunes, if any.
For this reason, you must disclose Carney’s compensation structure with Brookfield Asset Management. This is especially important as Carney is now mounting a leadership campaign – with the help of members of Justin Trudeau’s inner circle – that could see him become the leader of the Liberal Party of Canada and the Prime Minister of this country, with even more power and more access.
It is vitally important for Canadians to know whether or not Mr. Carney’s compensation with Brookfield could increase if the Liberals implement his policy ideas. While food banks report over two million visits in a single month, Canadians have a right to know the fine details about the impact of insider access on their lives.
You must be transparent with Canadians on this matter. The stakes could not be higher.
Business
Canada urgently needs a watchdog for government waste

This article supplied by Troy Media.
By Ian Madsen
From overstaffed departments to subsidy giveaways, Canadians are paying a high price for government excess
Canada’s federal spending is growing, deficits are mounting, and waste is going unchecked. As governments look for ways to control costs, some experts say Canada needs a dedicated agency to root out inefficiency—before it’s too late
Not all the Trump administration’s policies are dubious. One is very good, in theory at least: the Department of Government Efficiency. While that
term could be an oxymoron, like ‘political wisdom,’ if DOGE proves useful, a Canadian version might be, too.
DOGE aims to identify wasteful, duplicative, unnecessary or destructive government programs and replace outdated data systems. It also seeks to
lower overall costs and ensure mechanisms are in place to evaluate proposed programs for effectiveness and value for money. This can, and often does, involve eliminating departments and, eventually, thousands of jobs. Some new roles within DOGE may need to become permanent.
The goal in the U.S. is to reduce annual operating costs and ensure government spending grows more slowly than revenues. Washington’s spending has exploded in recent years. The U.S. federal deficit now exceeds six per cent of gross domestic product. According to the U.S. Treasury Department, the cost of servicing that debt is rising at an unsustainable rate.
Canada’s latest budget deficit of $61.9 billion in fiscal 2023-24 amounts to about two per cent of GDP—less alarming than our neighbour’s situation, but still significant. It adds to the federal debt of $1.236 trillion, about 41 per cent of our estimated $3 trillion GDP. Ottawa’s public accounts show expenses at 17.8 per cent of GDP, up from about 14 per cent just eight years ago. Interest on the growing debt accounted for 9.1 per cent of
revenues in the most recent fiscal year, up from five per cent just two years ago.
The Canadian Taxpayers Federation (CTF) consistently highlights dubious spending, outright waste and extravagant programs: “$30 billion in subsidies to multinational corporations like Honda, Volkswagen, Stellantis and Northvolt. Federal corporate subsidies totalled $11.2 billion in 2022 alone. Shutting down the federal government’s seven regional development agencies would save taxpayers an estimated $1.5 billion annually.”
The CTF also noted that Ottawa hired 108,000 additional staff over the past eight years, at an average annual cost of more than $125,000 each. Hiring based on population growth alone would have added just 35,500 staff, saving about $9 billion annually. The scale of waste is staggering. Canada Post, the CBC and Via Rail collectively lose more than $5 billion a year. For reference, $1 billion could buy Toyota RAV4s for over 25,600 families.
Ottawa also duplicates functions handled by provincial governments, often stepping into areas of constitutional provincial jurisdiction. Shifting federal programs in health, education, environment and welfare to the provinces could save many more billions annually. Poor infrastructure decisions have also cost Canadians dearly—most notably the $33.4 billion blown on what should have been a relatively simple expansion of the Trans Mountain pipeline. Better project management and staffing could have prevented that disaster. Federal IT systems are another money pit, as shown by the $4-billion Phoenix payroll debacle. Then there’s the Green Slush Fund, which misallocated nearly $900 million.
Even more worrying, the rapidly expanding Old Age Supplement and Guaranteed Income Security programs are unfunded, unlike the Canada Pension Plan. Their combined cost is already roughly equal to the federal deficit and could soon become unmanageable.
Canada is sleepwalking toward financial ruin. A Canadian version of DOGE—Canada Accountability, Efficiency and Transparency Team, or CAETT—is urgently needed. The Office of the Auditor General does an admirable job identifying waste and poor performance, but it’s not proactive and lacks enforcement powers. At present, there is no mechanism in place to evaluate or eliminate ineffective programs. CAETT could fill that gap and help secure a prosperous future for Canadians.
Ian Madsen is a senior policy analyst at the Frontier Centre for Public Policy.
The views, opinions, and positions expressed by our columnists and contributors are solely their own and do not necessarily reflect those of our publication.
© Troy Media
Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.
Business
Trump says he expects ‘great relationship’ with Carney, who ‘hated’ him less than Poilievre

From LifeSiteNews
‘He called me up yesterday and said, ‘Let’s make a deal,’’ Trump said on Wednesday about Carney. ‘I actually think the conservative hated me much more than the so-called liberal.’
U.S. President Donald Trump implied that he was satisfied with Mark Carney winning the 2025 Canadian federal election, calling him a “nice gentleman” who “hated” him less than Conservative leader Pierre Poilievre.
“I think we are going to have a great relationship. He called me up yesterday and said, ‘Let’s make a deal,’” said Trump on Wednesday when asked about Carney and Monday’s election results.
Trump then said that Carney and Poilievre “both hated Trump,” but added, “It was the one that hated Trump I think the least that won.”
“I actually think the conservative hated me much more than the so-called liberal, he’s a pretty liberal guy,” he said.
Trump said that he spoke with Carney already, and that “he couldn’t have been nicer. And I congratulated him.”
“You know it’s a very mixed signal because it’s almost even, which makes it very complicated for the country. It’s a pretty tight race,” said Trump.
Trump then called Carney a “very nice gentleman and he’s going to come to the White House very shortly.”
Monday’s election saw Liberal leader Carney beat out Conservative rival Poilievre, who also lost his seat. The Conservatives managed to pick up over 20 new seats, however, and Poilievre has vowed to stay on as party leader, for now.
Back in March, Trump said at the time he had “an extremely productive call” with Carney and implied that the World Economic Forum-linked politician would win Canada’s upcoming federal election.
He also said before the election that he would prefer Carney to continue as Canada’s prime minister instead of Poilievre, who he said was “no friend” of his.
Trump, mostly while Justin Trudeau was prime minister, had repeatedly said that Canada should join the United States as its 51st state. This fueled a wave of anti-American sentiment in Canada, which saw the mainstream press say Poilievre was a “Trump lite” instead of Carney.
Poilievre at the time hit back at Trump, saying that the reason Trump endorsed Carney was that he “knows” he would be a “tough negotiator.”
Trump’s comments regarding Carney were indeed significant, as much of the debate in the mainstream media ahead of the election was about how the prospective leaders will handle tariff threats and trade deals with America.
Many political pundits have said that Carney owes his win to Trump.
Carney’s win has sparked a constitutional crisis. Alberta Premier Danielle Smith, as reported by LifeSiteNews, said that her province could soon consider taking serious steps toward greater autonomy from Canada in light of Carney’s win.
Under Carney, the Liberals are expected to continue much of what they did under Trudeau, including the party’s zealous push in favor of abortion, euthanasia, radical gender ideology, internet regulation and so-called “climate change” policies. Indeed, Carney, like Trudeau, seems to have extensive ties to both China and the globalist World Economic Forum, connections which were brought up routinely by conservatives in the lead-up to the election.
Poilievre’s defeat comes as many social conservatives felt betrayed by the leader, who more than once on the campaign trail promised to maintain the status quo on abortion – which is permitted through all nine months of pregnancy – and euthanasia and who failed to directly address a number of moral issues like the LGBT agenda.
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