Mark Carney has put assets in blind trust, leadership campaign says

Mark Carney’s leadership campaign says he has given a “full and robust conflict of interest management plan” to the country’s ethics commissioner.

In a media statement, the campaign says that as part of that plan, Carney has divested all of his assets other than personal real estate into a blind trust.

The campaign spokesperson says this happened four months before it was required by law.

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Carney will become subject to Canada’s conflict of interest laws once he’s sworn in as prime minister, giving him a 60-day window to disclose financial information to the ethics commissioner.

Within 120 days of taking office, a cabinet minister or parliamentary secretary must divest controlled assets by selling them at arm’s length or putting them in a blind trust.

The Conservatives have taken aim at Carney over his assets in recent weeks, calling him “sneaky” and claiming he was exploiting a loophole in the laws by not disclosing his assets as soon as he became a candidate for the Liberal leadership.