The House of Commons Ethics Committee is finally cracking open the federal Conflict of Interest Act. It’s the first real review in years. And it’s overdue. Today, Democracy Watch is calling on Prime Minister Mark Carney to do something simple and obvious: re-issue the Prime Minister’s code for ministers and staff—publicly, in full—and work with every party to shut the gaping loopholes that have turned Canada’s ethics rules into a suggestion box.

The only publicly posted rulebook is still the 2015 “Open and Accountable Government” guide. It wasn’t signed by Mark Carney. It was signed by Justin Trudeau. Before that, Stephen Harper had his own “Accountable Government” code in 2007, which he strengthened in 2011. Paul Martin re-issued the code in 2004 as “Responsible Government,” and Jean Chrétien was the first to bring it in back in 2002. Every Prime Minister for more than two decades has put their name to a code—except Carney.

That’s a problem. Canadians deserve crystal-clear, enforceable standards: honesty, no apparent conflicts, decisions based on merit, real guardrails on political activity, fundraising, and dealings with lobbyists—and ministerial staff held to the same line. Put the rules in the PM’s own name or admit you plan to weaken them.

“Failing to re-enact the code—or watering it down—would gut already weak rules and further trash public trust,” said Duff Conacher, PhD (Law), Co-founder of Democracy Watch. “Canadians want standards with teeth, not press releases dressed up as ethics.”

Here’s what’s driving the urgency. The Conflict of Interest Act still lets the Prime Minister park massive holdings behind instruments branded as “blind trusts” or “ethics screens.” In practice, those devices often conceal participation; they don’t prevent it. That’s not oversight. That’s camouflage. Democracy Watch’s position is blunt: if you want to end the conflicts, sell the assets. Full divestment, including buyouts of stock options by Brookfield and any other connected companies, as past inquiries recommended.

“Prime Minister Carney’s so-called blind trust is not blind, and his ethics screen is an opaque mechanism that invites doubt about who benefits when the government acts,” Conacher said. “The fix is obvious: sell the investments. Anything less keeps Canadians in the dark.”

Parliament now has a choice. Use this committee review to close loopholes around blind trusts and ethics screens. Spell out what “improperly furthering private interests” really means. Put real independence, transparency, and penalties into law. And stop the double standard: cabinet and staff should face rules at least as tough as those on public servants and senators.

Democracy Watch is also urging broader reforms: clean up lobbying secrecy, slash the federal donation limit to cut off cash-for-access politics, protect whistleblowers who tell the truth, fix the federal access-to-information black box, and take the appointment of watchdogs out of the hands of the very politicians they’re supposed to police—no re-appointments, no cozy incentives.

And let’s be clear: this isn’t just Democracy Watch griping. It has credible grounding in the history of Canadian ethics law. The 1984 Starr–Sharp Task Force laid out a blueprint for a comprehensive ministerial code. Justice Parker’s 1987 commission went further, flatly recommending an end to the shell game of so-called blind trusts and, in cases of serious conflicts, requiring divestment. Parliament’s own research notes confirm it: the idea that you can “screen” away conflicts was discredited almost forty years ago. The fix was spelled out back then.

And yet here we are, in 2025, with a Prime Minister sitting on massive investments, hiding behind loopholes, and ducking responsibility to even sign his own code of conduct. Canadians see it. They know the difference between rules with teeth and ethics theatre.

Enough posturing. Enough smoke and mirrors. Re-enact the full PM Code today. Tighten the Act tomorrow. And end the Prime Minister’s conflicts by selling the assets outright. That’s how you rebuild trust, by earning it, by setting an example, and by standing on principle.

But let’s be honest: he won’t do it. He won’t because these Liberals are swamp creatures to their core. They talk transparency while cashing in behind the curtain. They preach accountability while hiding their own dealings. Canadians know it, and they’re sick of it.