The National Telegraph - Wyatt Claypool - February 27, 2025


Mark Carney got caught in HUGE LIE about his Brookfield company!

Topics
Mark Carney berkfield lie Mark Carney lie about Brookfield HQ move polling and leadership race
Hosted by
Wyatt Claypool
Mentioned
Mark Carney Donald Trump Justin Trudeau Michael Barrett Karina Gould Brookfield Michael Ignatieff Pierre Pauly Breaking Bayless Poliev
Liberal debate was AWFUL and proves Conservatives will win in 2025! Polls, Liberal leadership, and Ontario Election

Episode Stats


Length

17 minutes

Words per minute

165.93

Word count

2,836

Sentence count

172

Harmful content

Toxicity

7

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Brookfield Asset Management has moved their HQ out of Canada to Trump's hometown of New York City. Mark Carney claimed that the decision was made after he resigned from the board, knowing that he was running for the Liberal Party Leadership. Now, Conservative MP Michael Barrett has called that out as a complete lie.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 It's a day ending in Y, so Mark Carney's liberal leadership campaign has another scandal on its hands, this time regarding the company that Mark Carney sat on the board of for many years, Brookfield Asset Management.
00:00:14.980 This is a company that recently had moved its headquarters from Toronto to New York City, but it totally didn't have anything to do with Mark Carney. He claimed that this all happened after he resigned from the board, knowing that he may run for the Liberal Party leadership and become the next Prime Minister of Canada.
00:00:36.560 Well, Michael Barrett, the Conservative MP, has basically showed that this is complete nonsense. He says,
00:00:44.380 Breaking, Carney lied. Carney was chair of Brookfield board when they unanimously voted to move their headquarters out of Canada to New York City, Trump's hometown.
00:00:55.280 Here's a letter he wrote to shareholders urging them to approve the move on December 1st, 2024. Mark Carney can't be trusted. If Carney wins, Canada loses.
00:01:04.980 What's so funny about the December 1st date as well is I guarantee you by this point he knows that Justin Trudeau has a very good chance of being replaced as the leader and he is going to run for it.
00:01:18.680 If he had advised this back in 2019, 2020, 2021, maybe I would get it. He didn't have many close associations with Trudeau government at this point. He had just started advising them.
00:01:31.560 He doesn't look bad because he's identifying that the Canadian economy is bad and he's going to move his company's board to a different jurisdiction.
00:01:42.120 This is four years, more than four years, into him advising Justin Trudeau on Canada's economy.
00:01:48.900 He realizes that he's made things worse and now he's going to take Brookfield Asset Management from Toronto to New York City.
00:01:56.260 I'm going to read the parts of this letter that have been highlighted in just a second.
00:02:00.800 Then I want to cut to what Mr. Poliev has said as well as Michael Barrett in a press conference this morning.
00:02:07.700 But before I get into it, guys, remember to like this video, subscribe to the channel, leave a comment.
00:02:13.480 Do you think Mark Carney is actually going to be able to win the Liberal Party leadership race at this rate?
00:02:18.280 And how do you think this is going to actually play with the average Canadian?
00:02:23.320 I think there is a chance that maybe this is a very complicated issue and a lot of Canadians don't really want to hear about it.
00:02:28.980 But I think most people are going to look at this and say, this guy's like Michael Ignatieff on steroids.
00:02:35.460 He lived in London for a long time and then he moved his company to the US. 0.98
00:02:40.180 Complete hypocrite and moved his company recently.
00:02:42.600 Anyways, reading the highlighted sections here for you guys. 0.96
00:02:48.480 First, it reads,
00:02:49.680 We believe, however, remember, this is Mark Carney writing this.
00:02:53.820 It's signed Mark Carney.
00:02:55.480 We believe, however, that there is more we can do to broaden our shareholder base and gain access to the deepest pool of capital.
00:03:02.600 The most common feedback that we hear from investors encourage us to position Brookfield Asset Management for inclusion in some of the most widely followed global large cap stock indices, including the US.
00:03:18.640 And then it goes on to say later.
00:03:20.820 The board, based on, among the other things, the recommendations of the GNCC unanimously determined that the arrangement is in the best interest of BAM and unanimously approve the arrangement.
00:03:36.460 Accordingly, the board unanimously recommends that shareholders vote for the arrangement resolution at the meeting.
00:03:43.920 So, Mark Carney isn't just the man penning this letter.
00:03:49.440 I've been messing up a few words.
00:03:50.780 I'm deeply sorry, people.
00:03:52.280 He's not just the one penning this letter telling shareholders that the board voted in favor.
00:03:57.000 He is saying that the board voted unanimously in favor of it, which means he voted in favor of this.
00:04:03.500 You cannot run away from this at all.
00:04:06.080 This is legitimately less than a couple of months ago.
00:04:11.140 This is December 1st.
00:04:12.980 You really can't pretend like this isn't really what you believe.
00:04:17.920 Oh, well, of course I believe in Canada's economy, but, you know, I had done this four or five years ago.
00:04:22.460 This happened, like, last week.
00:04:24.840 And right when he knows he's probably going to be running for leader, he's been running a shadow campaign to become leader for about a year now.
00:04:32.640 Just bringing up this post by Mr.
00:04:36.520 Pierre Pauly of the leader of the Federal Conservatives.
00:04:39.200 He, in response to Michael Barrett, had said, Mark Carney said he had nothing to do with Brookfield moving their HQ out of Canada to Trump's hometown of New York City.
00:04:48.960 Documents show he chaired the board meeting that unanimously determined the move, taking jobs away from Canadians.
00:04:54.820 His name is on the letter urging shareholders to approve the move.
00:04:58.700 Why did Mark Carney lie about this decision to sell out Canadian jobs?
00:05:02.520 And the thing is, normally I would say, hey, if the Canadian economy isn't good for your company or you have better opportunities elsewhere, I can't tell you not to stay.
00:05:12.080 I can't tell you to stay.
00:05:12.980 But you can't be Mark Carney and be this kind of raw, raw Canadian guy who is demonizing Donald Trump in the United States and then move to the United States where the economy is far better.
00:05:26.000 Anyways, here is Michael Barrett today presenting this evidence in Parliament.
00:05:30.760 Not in Parliament, obviously.
00:05:32.380 It's still an obsession.
00:05:33.200 But, you know, in the parliamentary halls.
00:05:35.380 Last night, Mark Carney lied to Canadians.
00:05:38.420 He lied to Canadians, saying that his company, Brookfield Asset Management, only moved their headquarters from Canada to Donald Trump's hometown of New York City after he had resigned from the board.
00:05:55.840 We all know that Brookfield made that announcement on October the 31st, proving that Mr. Carney was lying to Canadians.
00:06:06.280 But this morning, we can share with you a letter signed by Mark Carney on December the 1st.
00:06:17.020 Now, this is days after, just days after Donald Trump had threatened Canada for the first time with unjustified tariffs.
00:06:25.940 Now, this letter says that the decision by the board, of which Mark Carney at that time was chair, was unanimous to move the headquarters and Canadian jobs to Donald Trump's hometown of New York City.
00:06:43.240 And the letter implores shareholders, urges them to support the move.
00:06:49.900 And I think this is going to be one of the biggest hits on Mark Carney going into a federal election if he does become the leader of the Liberal Party.
00:06:58.720 And again, that's not even a done deal.
00:07:00.860 I'll show you the poll result here if you haven't seen it yet for the latest Main Street poll that they did only of Liberal members.
00:07:07.720 Because he's leading, definitely, but this is before the debates where he kind of looked really lackluster.
00:07:14.740 And in this poll, he's not doing so hot.
00:07:17.100 And I guarantee Karina Gould and Bayless are going to be getting a bump out of this.
00:07:20.800 And they can maybe horse trade with Freeland to make her the leader instead.
00:07:24.200 But I think a lot of Canadians are going to get the impression of Carney that the man's kind of a weasel.
00:07:30.220 He's the guy who will say whatever he needs to in the meeting he's currently in to get through it.
00:07:36.140 But he doesn't really have the integrity, to be honest, today and tomorrow.
00:07:41.720 It depends on what's beneficial today.
00:07:43.620 Here is the current polling right now.
00:07:46.140 We have Mark Carney at 43%.
00:07:48.820 It's a substantial lead.
00:07:51.300 Nobody's saying he's not leading.
00:07:52.980 But he has Freeland at 31% behind him, 12% behind.
00:07:57.040 Karina Gould's at 16%.
00:07:58.380 Bayless is at 3% and undecideds are at 7%.
00:08:01.720 Naturally, there's much fewer undecideds in leadership races compared to other elections
00:08:07.080 because the members tended to have signed up through one of the candidates.
00:08:10.620 And they're more likely to stay loyal to them than switch.
00:08:14.280 But I think after the very weak French performance of Carney and just a boring who cares performance in English from Carney,
00:08:22.420 there's a lot of people who could subtly shift away. 0.54
00:08:25.960 I think that guy needs to win or become extremely close to winning on first ballot or he's so screwed.
00:08:32.920 Even if he wins, if it's a third ballot win, if he has to go to the end or he only barely scrapes it out after two ballots,
00:08:41.660 that's going to be a big indicator that the man doesn't have any staying power.
00:08:45.100 And I've said it before, when polls are showing the liberals suddenly leaping ahead of the conservatives off of the back of this very low energy liberal leadership race,
00:08:53.840 I think pollsters just need to check their methodologies again.
00:08:57.400 I'm going to have a video on polling out tomorrow because Abacus Data is releasing a poll tomorrow.
00:09:02.660 And I think they tend to be one of the more accurate ones.
00:09:05.100 So I'd like to see what they're going to say.
00:09:06.920 But a lot of these pollsters, they're saying that, well, if we say Mark Carney is the leader, the liberals are ahead by three points.
00:09:14.540 Really? You're going to be ahead if Mark Carney is the leader?
00:09:19.640 Carney doesn't even have 50% name recognition in Canada.
00:09:22.500 There are actors who do CBC shows who have higher name recognition than Mark Carney.
00:09:30.260 I think this is just a massive response bias.
00:09:32.660 I can even bring it up now and I'll probably do it tomorrow as well.
00:09:36.020 I thought Innovation Research's poll of Canada was great.
00:09:41.280 And I'm not just saying this because they had the conservatives ahead.
00:09:43.900 That doesn't benefit me at all to lie about where the conservatives are at.
00:09:48.360 Because like the numbers are going to be the numbers on election day.
00:09:50.940 And, you know, I don't want to destroy my reputation by saying, oh, no, the conservatives are like 70 points ahead.
00:09:56.640 And then they lose by five. 1.00
00:09:57.840 And I look like an idiot. 0.99
00:09:59.000 I'm only going to say what I actually think is going on in the polling. 0.99
00:10:03.840 And Innovation Research does a really good job of balancing the type of voter.
00:10:08.660 So their latest poll had the liberals at 27 percent and the conservatives at 40, a 13 percent lead for the conservatives,
00:10:15.620 which I think maybe their lead could be a little smaller than that.
00:10:19.180 But I think that you're not going to push the conservatives below 40 percent in this election cycle.
00:10:23.920 I also don't think the People's Party is going to be getting 3 percent.
00:10:27.500 I think they're going to shrink back to what they were at in 2019, 1.7, 1.9 percent.
00:10:32.920 And the conservatives are probably going to eat up more of that percentage.
00:10:36.740 So but this 13 percent lead makes sense when you look at the types of voters that they poll.
00:10:44.320 I love that Innovation Research does this because when they do personality tests on voters and ask them some fundamental political value questions,
00:10:55.360 it makes it so that they know that they haven't overpolled a type of person because people may change how they vote,
00:11:02.740 but their political personalities tend to change far slower over time.
00:11:07.580 So as you see here, we have like six different categories.
00:11:11.880 Hey, as you go, moderates, which are moderates, very subject to changing based on the performance of the current government.
00:11:17.680 We have populist conservatives, more right wing voters, deferential conservatives, a little bit more of like a red Tory.
00:11:26.440 That's more of I guess a business liberal is a red Tory, but deferential conservatives, generally pretty orthodox.
00:11:32.760 But, you know, I think I believe if I've looked up the definition, less populist, more like neoconservative type conservatives,
00:11:42.280 business liberals, more red Tory-ish people who can go between the liberals and conservatives, election to election, left liberals and core left.
00:11:51.700 The difference between business liberals and pay-as-you-go moderates is moderates could go to NDP, they could go liberal, they could go conservative, they could go green.
00:11:59.020 I mean, business liberals are going to mostly flip-flop between conservatives and liberals.
00:12:04.780 And so look at this.
00:12:06.500 And I think that this is a great way of making sure that you're not over-polling people,
00:12:10.080 because suddenly if your core left or your left liberal population in your poll suddenly spikes to 27%,
00:12:17.540 you know you probably over-polled a specific type of voter.
00:12:22.100 You probably pulled a Starbucks lineup too much.
00:12:24.980 And so this is what is leading me to think, that the conservatives' lead is going to be more steady than people think.
00:12:32.800 And I've already talked about this in another video, but look at this.
00:12:36.020 Business liberals in December 2024, before Trudeau stepped down, are at 43% conservative.
00:12:42.440 They are going to vote 43% conservative, 27% liberal, 15% NDP.
00:12:48.720 Makes sense.
00:12:49.560 These people are going to be far more risk-averse on the economy, so they're not going to be voting NDP much.
00:12:55.040 And now jump forward to the third week of February, when they just released their last poll.
00:12:59.240 The conservatives have contracted by five points, and the liberals have gained five points.
00:13:04.080 Now that makes sense with people like Mark Carney writing that a business liberal would probably be more in the know of who Mark Carney is,
00:13:11.420 and they may be willing to come back, especially if they're more socially progressive.
00:13:15.720 They tend to be more default liberal business liberals, that they might be coming back.
00:13:21.000 The thing is, most business liberals are staying.
00:13:23.780 It's a pretty rigid stat.
00:13:25.360 The main area that the liberals have increased with is the core left and the left liberals.
00:13:33.980 They've gone from 29% with the core left to 37%, and they've gone from 24% with left liberals to 29%.
00:13:39.780 But you know what I mean.
00:13:42.880 The main group that's going to be rigid, that's going to be really hard to win back, and I don't think they're coming back, are business liberals.
00:13:50.260 They may consider voting liberal most elections, but after three election cycles with a government that's terrible on finances,
00:13:57.860 these people are not going to be won back by some scare ads on abortion.
00:14:01.980 They're not going to be won back by saying that Polyevs like Trump.
00:14:05.700 Frankly, some of these people like Trump.
00:14:07.680 Some of these people like Trump just the way, in the same exact way that Mark Carney seems to like Trump,
00:14:13.840 because he's trying to go to the U.S., because he realizes Trump's economy is more stable.
00:14:17.780 And so he's leaving the Trudeau economy he's been advising on to go over to the U.S.
00:14:23.140 Brookfield Asset Management shareholders are going to be voting conservative.
00:14:26.600 But let's be very clear.
00:14:28.920 Anyways, so that's it for me today, guys.
00:14:31.620 Remember to like, share, and subscribe.
00:14:34.120 Definitely subscribe if you want to see my video tomorrow going over the Abacus data poll.
00:14:39.420 Maybe I'll even break down this innovation research poll in more detail.
00:14:43.340 I think I really love the way that they do polling.
00:14:45.840 Again, because it makes it so that you know that there has been a response bias.
00:14:51.120 People are not going to go from identifying themselves as business liberals to hardcore leftists overnight.
00:14:58.880 People tend to be very rigid with what they consider themselves, but they will vote different ways.
00:15:04.760 I've door-knocked thousands of doors in my life.
00:15:07.760 I know that there are a lot of people who love to call themselves centrists.
00:15:11.680 A lot of people call themselves centrists, they consider themselves moderate,
00:15:14.180 but that doesn't mean they're not going to vote conservative.
00:15:16.860 That just means that that is their kind of conception of politics.
00:15:19.720 They like balance, they don't want too much radical change,
00:15:23.160 but they might vote for somebody who is pursuing heavy reform if things get bad enough.
00:15:29.240 And that's where the personality thing comes into play.
00:15:31.560 I can even see why the core left has some people voting conservative.
00:15:35.800 They may conceptualize themselves as being very concerned about equality or even equity, all that stuff, 0.89
00:15:43.440 but they think the liberals are corrupt, they hate the liberals,
00:15:46.160 and so 10%, 14% of them may cast a ballot for the conservatives simply to get rid of the liberals.
00:15:54.180 That is absolutely a voter that exists.
00:15:56.980 There are right-wing populists who may even vote NDP because in their riding,
00:16:02.920 it might be a liberal that is currently in the seat,
00:16:05.540 and at least they can vote for the maybe more pro-worker type NDP MP,
00:16:11.760 even if they don't really like them, maybe their local guy isn't too bad,
00:16:15.440 and he's better than the very corporate, corrupt liberal.
00:16:19.040 Because populists tend to actually go a little bit back and forth
00:16:22.200 between being more lefty on economics and more righty,
00:16:25.200 so that populist desire to somewhat even vote for the NDP sometimes somewhat makes sense.
00:16:32.700 Anyways, so that's it for me today, guys.
00:16:35.000 See you later.
00:16:35.540 See you later.