EZRA LEVANT ｜ Mark Carney's portfolio reveals major conflicts of interest — so why won't he sell？
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Summary
Mark Carney s list of his conflicts of interests are out, and there s 600 of them. The guy is a billionaire, but he owns hundreds and hundreds of different companies' stocks, and he refuses to get rid of them even though that means he s going to have to recuse himself from so many government decisions. I ll try and make sense of it.
Transcript
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Hello, my friends. Mark Carney's list of his conflict of interests are out, and there's 600
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of them. The guy, I don't know if he's a billionaire, but he owns hundreds and hundreds
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of different companies' stocks, and he refuses to get rid of them, even though that means he's
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going to have to recuse himself from so many government decisions. I don't understand it.
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I'll take you through it. I'll try and make sense of it. But first, I want to invite you to become
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you keep Rebel News alive, because we don't take any government money, and it shows.
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Tonight, is Mark Carney planning some other career after being our prime minister? If not,
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why does he refuse to sell all of his stocks? It's July 14th, and this is the Ezra LeVant Show.
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Mark Carney's list of conflicts of interest has been published by the government. It is 16 pages,
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single-spaced. Here it is, hundreds and hundreds and hundreds of companies in which he holds significant
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shareholdings. He filled out this form months ago, but it was only released now after the election.
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It shows you how little we know about the man who was installed as our prime minister. That's why the
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media party tried so hard to get us and other independent journalists kicked out of the leaders
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debates, where we put a few questions to the party leaders. They didn't want questions like,
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why do you have three passports? Which country did you say you were resident in, in your last tax return?
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Are you holding any assets in offshore accounts like you set up for Brookfield when you were its chair?
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Do you have any tax avoidance strategies you're using personally?
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When was the last time you spoke with anyone at Brookfield?
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And so, obviously, why won't you sell your millions, or is it tens of millions, or is it hundreds of millions of dollars
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worth of stocks? Keep scrolling through the list. He owns shares in hundreds of companies, and when you own a stock,
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unless you're like a child or doing it as a game or something, you don't just own one share.
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You typically own in groups of a board lot, a hundred shares or more. A man of carny's seniority and seriousness
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wouldn't mess around with a few hundred bucks here or there. I can't believe he would go to the trouble of adding
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stocks to his portfolio for less than a hundred grand per investment. But again, we're not allowed
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to know the facts, and our morally superior journalists had more important questions to ask,
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like this one that they took up time in the leaders' debate for.
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And from four months, all of the achievements that we talked about,
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I believe it was a very rare factor for others.
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But you should always buy both Americans from the United States,
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in a sense of a weird answer, because in that...
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That's what the media party thought would be a good question for a limited time to put to the leaders, what are you boycotting?
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But only boycotting for American products, not boycotting Chinese products, even though they have a huge punitive tariff on our canola farmers.
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But the real answer is, of course, you can't really separate yourself from the U.S. economy or the Chinese economy in a meaningful way.
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From on the U.S. side, from high tech products like a smartphone to online products like social media to fruits and vegetables to most of our cars, etc.
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It's all either American or largely American. Try buying anything at Walmart that's not from China.
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So it was sort of a dumb question. My point is, from an informational point of view, that question didn't lift any load.
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As opposed to something like, why do you insist on keeping hundreds of stocks, each of which puts you in a conflict of interest about that particular company?
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Why are you hanging on to them? Are you still looking around for a better gig?
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I mean, that's what Carney has done before. He was at the Bank of Canada and that wasn't enough for him.
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So he went to the Bank of England and that wasn't enough for him.
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So he went to the United Nations and the World Economic Forum. And at the same time, he became the chairman of Brookfield.
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So you can imagine how he used that. Imagine being a boss at the World Economic Forum in the U.N. while running Brookfield.
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Imagine how he feathered his own nest. But even that wasn't enough.
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So now he's come to Canada. And in a few months, he's been installed as prime minister.
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First in a party vote, a party nomination conducted 100% online, which you can read is vulnerable to hacking, where literally the majority of votes were disqualified.
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So he becomes prime minister in a murky deal. And weeks later, it's confirmed in a national election with 43% support.
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And we don't know a thing about him, do we? And even now we don't. Now that he's been in office for a while, he doesn't really like spending time in Ottawa.
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Why does he own all those stocks, though? Why does he refuse to sell them?
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If we know what they are, surely he knows what they are. And everyone in his staff and all his MPs know what they are.
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And he's not going to forget that he was the chairman of Brookfield.
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So why does he give it up? Everyone in his whole team, all the MPs, all his staff, know what they're supposed to do.
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Do not offend the boss. Do not financially harm the boss.
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He is a walking conflict of interest times 600.
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You know, I'm not naturally against billionaires. I'm not a communist.
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Sometimes billionaires become rich because they've actually done something valuable for an enormous amount of people who happily pay them.
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And Elon Musk would be an example of that. He's just done so many things that people like.
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They're happy to pay. There's a billionaire named David Sachs who helped start PayPal with Elon Musk and other super smart guys like Peter Thiel.
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David Sachs has since invested in other winners like SpaceX.
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And Trump asked this guy, David Sachs, to be his cryptocurrency czar to help modernize U.S. policy towards high-tech finance and things like that to make sure that China didn't get too far ahead, to make sure prosperity and growth and freedom would continue, not regulation, which was sort of the Democrat way.
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And he did something that I just think is amazing.
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But he sold all of his own crypto before he took the job.
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More than $200 million worth of cryptocurrency.
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Just in the past few months alone, that would have made him tens of millions of dollars of lost growth.
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He sold all of his shares in what were related at all to artificial intelligence or AI.
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Because he decided that he had made a lot of money in his life, probably more than he'd ever need.
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And he had really strong views about how that should be done and how to improve cryptocurrency and how to improve America and improve the world.
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But a guy who sells hundreds of millions of dollars worth of stock and crypto, so he has no conflict of interest, that sort of sounds noble.
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And he didn't want anyone to be able to say that his advice or decisions were for his own personal benefit.
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I think that's incredible leadership right there.
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I mean, even if you disagree with what David Sachs does, and I really don't have a strong understanding of what he's going to do, would you agree with me that he is morally trustworthy, even if his judgment is wrong in the end?
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So back to Mark Carney, why would he do the exact opposite?
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Why would he keep literally hundreds of different companies' stocks?
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And don't tell me that there's a blind trust or a screen.
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We all know what he owned and what his company, Brookfield, owned that he chaired.
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And remember the one time the CBC actually asked him about this, my weight loss challenge competitor, Rose McBartney, Martin Carney attacked her personally when she asked about this stuff.
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The rules say that those assets should be publicly disclosed within 120 days, which means you'll campaign in a coming federal election, most likely within the next 120 days,
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and are serving as prime minister now, with Canadians not being aware of what potential conflicts of interest you saw.
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What possible conflict would you have, Stephanie?
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Are you saying you are not open to any conflict of interest?
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You're not going to spend both of the time, like in the private sector.
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There's no possible conflict of interest in your assets.
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I mean, you start from a prior of conflict and ill will.
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I have left my roles in the private sector at a time of crisis for our country.
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Your line of questioning is trying to invent new rules.
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I'm complying with the rules that Parliament has laid out and the responsibilities of the ethics commissioner.
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And I will continue to comply with those rules.
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That was the one time she actually asked a critical question.
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Now, the liberals have set up what they call an ethics screen.
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So there's supposed to be a senior staffer that whenever an issue arises that Carney has a stake in, because he refuses to sell his stocks, that staffer is supposed to take him out of any meetings and make sure he doesn't engage in the decisions about them.
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He's got hundreds of companies in every possible walk of life.
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In fact, going through the list, the most surprising thing, actually, it's not surprising at all, is how few Canadian companies are in there.
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He simply doesn't believe in investing in Canada.
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As you know, his last corporate act as chairman of Brookfield was to move their head office from Toronto to New York City.
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Is Mark Carney by any chance planning to move to New York in four years or eight years?
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And if not, why on earth is he keeping those stocks?
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Why doesn't he do the ethical thing like David Sachs did and sell his stocks?
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And even put aside the ethics, which you have to do with liberals.
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How on earth can he possibly run a country if he is conflicted on pretty much every single industry there is?
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Tech companies, social media companies, Altria, the tobacco company, Amazon, Airbnb, American Airlines, American Express, Amgen, Aon.
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Apple, Archer Daniel Midlands, that's a GMO company.
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You don't think he's going to have some rulings that affect telephone or cable competition in Canada?
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You don't think he's going to deal with something like acquiring a new fighter jet for Canada that touches on these companies?
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Donald Trump has specifically said giving access to American banks to sell mortgages in Canada is something he demands.
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How can Mark Carney make a decision when he owns stock in those banks?
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BlackRock, Boeing, Booz Allen, another military staffer, staffing company, works for the CIA.
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It's sort of hard for me to understand how he can be such a big green activist for us, but personally, he loves oil companies.
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I'm just reading out a few of the ones that I recognize, and I'm only in the Cs.
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ConocoPhillips, another big American oil company.
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That's the company that owns Facebook and Instagram.
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That's the mother company that owns Google and YouTube.
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You know, the liberals went out of their way to really go after both of these in their Online Harms Act,
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The liberals want to tax these companies with an internet tax.
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They're already shaking down Google for $100 million a year for favored journalists.
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How can a prime minister that has holdings in each of those companies be a part of the decision?
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And don't we need the prime minister to be the decider?
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Are you going to let Stephen Gilbeau, the heritage minister, be the decider?
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He'll get super rich in cash the day he sells it.
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He really has taken so little in his life, so little criticism, so little sparring, so little, you know, questioning.
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You don't get questioned when you're at the World Economic Forum or the UN or the Chair of Brookfield.
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I don't think he's used to being challenged on things.
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Is he above all this, like Leona Helmsley said, that laws are just for the little people?
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Astonishingly, Donald Trump slapped Canada with a 35% tariff the other day, and Mark Carney refused to cut short his vacation.
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He's not going to change his lifestyle to accommodate us.
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I mean, he's worked so very hard to be prime minister.
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What, have they even had 10 days of parliamentary sittings this year?
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I guess we'll be learning about Mark Carney the hard way, won't we?
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It looks like a meme, the kind of thing that you find on Facebook or Twitter or TikTok.
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It's actually a proposed billboard for public transit in the Ontario city of Hamilton.
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In fact, if I were a critic, I'd say it's boring.
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It's a picture of a woman with a word that says woman, an adult female.
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And then the tagline of the proposed advertiser, bringing respect for life and truth to Canadian
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That stands for the Christian Heritage Party of Canada.
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But really, the operative words, there's only four of them.
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A woman, colon, an adult female couldn't be more basic.
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In fact, it was asked of Mark Carney in the French language leaders debate.
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Even though one of his own kids is trans, he says a woman.
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Not only has the city of Hamilton banned this ad, but a court upheld the ban.
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The matter is now moving forward to the Court of Appeal.
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But today, we are delighted to talk to Leah Malousis, one of the lawyers acting for the
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I mean, you really couldn't even take a single word out of it.
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There's only four words in it and a picture of someone who's obviously a woman.
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And the Christian Heritage Party, they just went through the normal route and said,
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we'd like to buy a billboard or this is on a bus, I presume.
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So originally, they were working with the city of Hamilton's agent, Outfront Media.
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And Outfront engaged in the standard conversation.
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And all that Outfront said was that this violated ad standards code,
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the Canadian Code of Advertising Standards, which doesn't apply to political advertising.
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So from the very beginning, the premise of the rejection was the application of this code
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that is not applicable to political parties and political advertisement.
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But when CHP pushed it further, they didn't get any further response.
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So it was only at that point, it was then escalated to the city directly.
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But after the decision, when the decision was released, we found out that they did engage
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in consultation, but on a selective, exclusive basis, only with the LGBTQ community.
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And so they then changed the basis for the rejection.
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It was no longer about alleged violations of the Advertising Standards Code.
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This idea that it would create an unwelcoming transit system.
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Well, a lot of things will be done in the name of safety.
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We don't have to look at any further back than COVID.
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Of course, if I recall the French Revolution, they called it the Committee for Public Safety.
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That's the way it would lop off people's heads with guillotine.
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Now, you said that they consulted with the LGBTQ plus community.
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I think they only would have consulted with the activists, because I really don't think
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that most gay people in Canada would object to this.
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I really don't think that the weaponized transgenderism is reflective of most gay people in Canada.
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It sounds like they've actually been colonized by radical activists.
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And you, your client, the Christian Heritage Party, really, you made the application.
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They had this whole system in which your party was not involved.
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And then they sort of said to you, this risks safety.
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Like you really were kept out of the whole process.
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Yeah, so we didn't find out that there was a consultation until the final decision had
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How long did this whole consultation over four words take, by the way?
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We don't have any information about what questions were asked, what the feedback was.
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It is rather vague and subject to interpretation.
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But because of this decision, it meant that this advertisement could not be put up in time
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So the Christian Heritage Party, upon receiving the decision, brought a judicial review to the
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And that process, the hearing took place at the end of October 2024.
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It said that the decision was reasonable, that the city had weighed the various competing
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It had considered the rights of transgender individuals versus freedom of expression for
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Do we know that they weighed freedom of expression?
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So the decision itself references freedom of expression.
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But I think one of the comments that we've made in our submissions now to the Ontario Court
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of Appeal is just because the city referenced it doesn't actually show that there was a depth
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The protection for political speech, in particular in Canada, is very, very robust.
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You know, we've lost a few battles in judicial reviews as well.
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And for the same reason, which is that the judges just defer to the local experts.
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And I think that there's a trend in Canadian law not to overturn expert bodies, but there's
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so many of these agencies and boards and commissions, and they're not really expert.
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They're just, in fact, they're very susceptible to being infiltrated by activists.
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It's just who's going to be involved in reviewing ads on a bus shelter.
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And to defer to them on constitutional matters is insane.
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And for a judge to say, well, it might be sketchy to me, but the experts at Hamilton Bus
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And do we know how long it takes to get before the Court of Appeal?
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So first, you need permission from the Ontario Court of Appeal.
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They don't have to take every appeal just on spec.
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And so you need to show, essentially, that you have a case.
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And in this instance, they have granted permission.
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But it does suggest that the Ontario Court of Appeal looks at the divisional court's decision,
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And we raised a number of them in our written materials, which were just filed last week.
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I think everyone should have the same freedom of expression, freedom of the press.
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And I don't believe that political parties should have a higher standing.
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I'm frustrated by some of the censorship in this country and some of the limits imposed
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But that said, a political party should have tremendous freedom of expression.
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But to tell a political party, you may not run this ad.
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There's nothing, you know, criminal about the ad.
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And I think what's important here is it's a public institution.
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You know, if it were a private newspaper, I wouldn't be so fussed by it.
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People can do with their own property what they wish.
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But for the city of Hamilton, which is a large city, to ban a party.
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Now, the Christian Heritage Party doesn't win any seats, but it's a forum.
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It's as legitimate a political party as the Green Party, as the People's Party.
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Well, and if the city of Hamilton can do this to the Christian Heritage Party,
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then it raises questions about which other political parties it can do this to.
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And the important fact here is that they didn't raise an issue with the image and they didn't
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raise an issue with any of the words, which they actually acknowledged were a basic dictionary
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What they said was they actually went to CHP's website and took issues with CHP's views explicitly.
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And so the issue here is that they don't want these ideas to be shared at all.
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And it really, I think, is very patronizing and dictatorial for a state body to decide what views
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You know, and we all know which way political correctness is going in this country.
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I don't know if an ad promoting, if it was a Muslim Heritage Party, if they would be as corrected
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by the LGBT lobby as the Christian Heritage Party.
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I mean, if liberal or radical or Marxist busybodies can censor conservative views, can conservative
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And I don't think, I think by definition, conservatives generally are not as censorious.
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I'm glad the Ontario Court of Appeal is hearing it.
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I'm actually, I don't, I mean, all courts in Canada, I think are moving away from freedom
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of speech, but I have a tiny bit of hope because this is, the facts are so clear here.
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By a political party, it's like there's no complicating factors.
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Some of the, one of the things about free speech cases in Canada is you're often dealing
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with a real troublemaker who's really hard to stomach, who says things that are so offensive
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Like that's often the front line is so far down the road.
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Like do, I don't know if you know the famous case out of, I refer to it all the time.
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Uh, in the sixties and seventies, of course, the draft in the United States, military draft
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And someone went into a courthouse in California with F U C K, the draft right on his shirt.
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And he was arrested and charged and went all the way up to the Supreme court of the United
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States who ruled in his favor and said that using those particular words was essential
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If he said, uh, excuse me, sir, I disagree with the draft.
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It would not be the same as saying F the draft.
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Like to say someone should be able to sit in a court with an F the draft shirt on.
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You know, that that's, I think the high watermark of freedom of expression in America.
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But it's important for viewers to understand that in Canada, there are actually robust protections
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for not just freedom of expression generally, but political expression in particular.
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And we've had some incredible cases recently from the Ontario court of appeal and the Supreme
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court, uh, one back in 2021 called the ward decision from the Supreme court, where they
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specifically said there isn't a right not to be offended.
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And in that case, it was speech that was directly.
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Just for our viewers, we've talked about this before.
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It's a comedian in Quebec who does comedy in English and in French.
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And he made fun of this severely disabled kid who sings and he mocked him.
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And the way society is going, I know that in about five minutes from now, it'd be four
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I think it is, it is difficult to know sometimes.
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So the, one of the points we've made in our materials is that the divisional court and
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the city didn't engage with any of the binding precedent.
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So the Harper case is one that was specifically about political expression.
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There, there's the recent Bracken decisions from the Ontario Court of Appeal where actually
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This was an individual who had F-U-C-K, Mexico on a sign and was holding it.
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So, you know, there are young children who are seeing this language.
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It was very offensive, but we had some incredible decisions from the Ontario Court of Appeal saying
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We expect individuals to have a degree of, of, uh, tolerance, uh, there, there should be
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a threshold of, of difficult speech that they are able to tolerate in a free and democratic
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And, and I think ultimately this comes down to in these facts, I, I would respectfully
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submit that it is not, it is never okay for a state body with its own political bias to
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censor the political ad of a political party on a policy discussion.
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That is a vibrant and, and fraught discussion these days.
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And so I think regardless of what people might think about the Christian heritage party or
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about this issue, we need to trust that in a free and a democratic society, people are
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capable of hearing views, engaging with them respectfully, and then voting according to
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You know, Canada is an international laggard in this issue.
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Um, the tyranny of the LGBTQ2SL plus, have I got it all?
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The, the tyranny of, of that political reign of terror continues.
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I see the University of Pennsylvania is now apologizing to all the women who were denied
00:30:21.700
their trophies because some man entered in their sport.
00:30:26.700
Uh, in the United Kingdom, their highest court ruled, there are only two sexes, um, which
00:30:33.080
is sort of astonishing given how far down the road the UK was.
00:30:36.600
They've like, there's been a lot of countries around the world that have pulled back from
00:30:42.880
Um, not just rhetorically speaking, but also in terms of policy.
00:30:47.660
And Canada alone continues to hurtle down the bizarre path.
00:31:00.000
I don't know if that weighs on his own politics.
00:31:05.060
I think this court of appeal case that you are now destined to have will be a very important
00:31:11.640
one and it'll be a test to see if Canada has flipped from that, um, Mike Ward, was that
00:31:20.880
Um, I'm, I'm pessimistic, but, uh, I'm glad you're in there fighting.
00:31:29.380
I understand the Christian Heritage Party is crowdfunding, uh, the legals here.
00:31:34.600
So the, they can go to chp.ca and they'll be able to donate.
00:31:38.460
There are the standard rules that apply to political parties, but I would encourage people
00:31:43.320
This is an issue that affects everyone, regardless of our views.
00:31:47.120
What's on the line here is the ability for people, regardless of their location, to hear
00:31:55.760
And I think the decision of the city in this case has created a fragmented landscape whereby
00:32:00.240
the freedom of expression that you receive and benefit from changes depending on your location.
00:32:06.120
And I, I'm hoping that the Ontario Court of Appeal will hear that concern and, and will,
00:32:11.140
will make a decision that creates some clarity.
00:32:13.180
I understand that, uh, the liberal, uh, LGBT, uh, shock troops called EGAL.
00:32:19.100
It used to be, they used to, I don't know if you can believe this, but 20 years ago, EGAL,
00:32:23.500
which is the gay rights lobby, actually supported freedom of speech.
00:32:26.680
Maybe because they remembered that, uh, the gay community itself was censored.
00:32:30.900
In fact, some of the key Supreme Court cases from 40 years ago were the Little Sisters bookshop,
00:32:37.240
which had gay books and they were seized at the border.
00:32:40.840
And Canada Post was seizing their gay stuff and banning it.
00:32:46.840
It's hard to believe where the, there wasn't a lot of T back then, but there was LG and B
00:32:54.220
If you can believe that as recently as 20 years ago, now they are amongst the worst bullies around
00:33:02.460
You can look it up online to see all their anti-homophobia, anti-transphobia.
00:33:07.020
They receive literally millions of dollars from the liberal government to be shock troops.
00:33:12.160
Uh, it, it would not surprise me if they interview, intervene in your case.
00:33:17.020
Um, they're funding a lawsuit against us here at Rebel News as well.
00:33:28.880
Leah Malousis is a lawyer representing the Christian Heritage Party in this battle in Hamilton.
00:33:51.860
Kevin Smith said the feds would love to see the end of the Amish way of life because they
00:33:57.800
I also actually think that there's a bit of an anti-Christian sentiment there too.
00:34:06.000
I saw a lot of churches prosecuted an attack for staying open.
00:34:10.300
Didn't see any other religious, uh, temple or synagogue or mosque, um, condemned.
00:34:17.420
And I think the fact that the Amish are that way because they're following their faith.
00:34:22.280
I mean, I don't really think it's a leap of logic to say, oh, the government's bullying
00:34:29.720
Uh, moon shadow forest farm says the RCMP just said that the people with traditional values
00:34:36.840
I love how extremely awesome the Amish communities are.
00:34:46.560
I can't think of anyone more traditional than the Amish.
00:34:50.740
Patricia Riley says Salvation Army does exemplary work in the criminal justice world, court
00:35:04.520
It took us almost three hours to get out there.
00:35:10.920
I didn't want to say the wrong thing because obviously it's going to people who are having
00:35:15.380
tough times in the food bank, but I have to say they got, whoever got that food, got a
00:35:23.340
I've, I've bought some of those same items from the Amish before and they're pretty delicious.
00:35:27.880
If you like natural foods, I don't know if you're near the Amish, they live in parts of
00:35:33.000
Um, but, uh, they really do believe in sort of natural ways of growing things.
00:35:38.100
And, and, um, if you're ever in Amish country, stop by one of their little fruit stands or
00:35:46.900
Well, this is our show for today until tomorrow on behalf of all of us here at Rebel World