National
Question Period : Barrett vs. Carney Clash Over Offshore Investments

Dan Knight
Prime Minister faces questions over blind trust and past ties to tax havens, as Conservatives demand greater financial transparency on day one of the 45th Parliament.
On the very first day of the 45th Parliament, Canadians witnessed a spectacle that was as revealing as it was disturbing. Conservative MP Michael Barrett stood up and did what any responsible representative should do: he asked Prime Minister Mark Carney to come clean about his offshore investments and potential conflicts of interest. But instead of facing the music, Carney pulled a classic elitist maneuver—he hid behind his House Leader, who delivered a canned response full of platitudes and devoid of substance.
This wasn’t just a missed opportunity for transparency; it was a calculated evasion. Carney, the former banker who helped Brookfield Asset Management establish funds in Bermuda and the Cayman Islands, is now Canada’s Prime Minister. And when pressed about whether any of his investments were previously held in tax havens, he couldn’t even muster the courage to answer for himself. Instead, he let a subordinate deflect with talk of “stringent ethics guidelines” and “economic priorities.” Meanwhile, Canadians are struggling to afford basic necessities, and they deserve to know if their leader is playing by the same rules—or any rules at all.
Barrett—one of the few people in Ottawa actually doing his job—didn’t hold back. As Shadow Minister for Ethics and Accountable Government, he called out Prime Minister Mark Carney for what appears to be a massive financial shell game. The accusation? That Carney, during his time as a high-flying executive at Brookfield Asset Management, helped funnel billions into offshore tax havens—Bermuda, the Caymans, you name it—and then conveniently tucked those assets away in a so-called “blind trust” right before stepping into public office.
Barrett’s message was simple and devastating: “Canadians are lined up at food banks in record numbers. They can’t pay their rent, but they are paying their taxes.” Meanwhile, the guy running their government may have spent years helping billionaires avoid paying theirs. Barrett demanded straight answers: Were any of Carney’s current holdings, now supposedly out of sight, previously parked in these offshore tax shelters? And what exactly was he sitting on when he walked into that first cabinet meeting?
The allegations stem from Carney’s role as chairman of Brookfield from 2020 to January 2025, where he co-chaired funds worth $25 billion registered in Bermuda and a $5 billion fund in the Cayman Islands, according to CBC News reports. These arrangements, which reportedly allowed Brookfield to avoid $5.3 billion in taxes, have drawn scrutiny amid Canada’s economic challenges, including rising food bank usage and housing affordability issues.
In response, the Liberal government House Leader defended Carney, dismissing Barrett’s questions as “hypotheticals and conjured scenarios.” “The Prime Minister has followed all the rules even before they were required,” the House Leader stated, emphasizing that Carney’s blind trust complies with Canada’s “stringent ethics guidelines.” The response pivoted to the government’s agenda, citing efforts to create “the strongest economy in the G7,” reduce taxes, and build new homes, while accusing the opposition of “digging dirt on day one.” The House Leader’s retort, “Shame on them,” drew murmurs of support from Liberal benches.
Undeterred, Barrett doubled down, arguing that Canadians “don’t want an explanation on how to bend over backwards to fit through ethical loopholes.” He called for assurance that Carney’s actions go “above just the basic minimum standard,” referencing a decade of perceived Liberal ethical lapses. “Can he stand up and assure Canadians that none of the funds he had previously were held in offshore tax havens?” Barrett asked, pressing for specifics on Carney’s financial holdings.
The Liberal response reiterated Carney’s compliance, with the House Leader asserting, “Canada has among the most stringent ethics guidelines in the world… The Prime Minister is busy creating opportunity for Canada, standing up in a trade war against the United States.” The deflection, focusing on economic priorities and dismissing the opposition’s probe as a distraction, left Barrett’s core questions unanswered, fueling Conservative claims of evasion.
This entire exchange isn’t just about one question or one day—it’s part of a much larger and very necessary effort by Conservatives to expose something Canadians are starting to see with painful clarity: Mark Carney is not one of them. He’s not scraping to make rent. He’s not standing in a food bank line. He’s not worried about carbon taxes or grocery bills. He’s a Davos man, parachuted into the Prime Minister’s Office by the same Liberal elite that gave us Justin Trudeau. Different face. Same contempt.
Barrett’s takedown of Carney over offshore tax havens hit a nerve, and rightly so. According to Canadians for Tax Fairness, this country loses a jaw-dropping $30 billion every year to offshore tax avoidance. That’s money that working Canadians pay so the elite can squirrel away their wealth in places like Bermuda and the Cayman Islands. And Carney? He helped orchestrate it. As a top dog at Brookfield Asset Management, he didn’t just benefit from the system—he helped design it. And if that wasn’t enough, under his leadership, Brookfield moved its headquarters from Toronto to New York. In the middle of growing trade tensions with President Trump’s America. That’s not leadership—it’s betrayal.
And how does Carney justify all this? With the most nauseating phrase in the English language: “It was legal.” Oh, well, as long as the loopholes were big enough to drive a luxury yacht through, I guess we’re fine. He claims these “tax-efficient” strategies helped pensioners and that his blind trust protects him from conflicts. Right. Because what better way to gain public trust than hiding your financial interests in a vault and telling voters, “Just trust me”?
Barrett and the Conservatives aren’t buying it—and neither should you. They’re calling for real reform, tougher disclosure rules, and an end to the wink-wink, nudge-nudge ethics games that the Liberals have been playing for a decade. Carney delayed his financial disclosures during his leadership run? Of course he did. That’s not transparency. That’s strategy. And Canadians know it.
Even the so-called experts are noticing the shift. One analyst noted Barrett’s attacks are landing with voters because they’re the ones who are actually suffering. Meanwhile, the Liberals want to pivot to their so-called “economic wins.” Great. Tell that to the family paying $7 for lettuce or the trucker trying to fuel his rig with gas prices through the roof.
As Parliament gets underway, we’re heading into a full-blown war over ethics and economic justice. And the question for Carney is simple: Is he going to answer for his record—or is he going to keep hiding behind the same smug Liberal arrogance that Canadians are sick and tired of?
The people are watching. The mask is off. And Mark Carney has a choice: come clean—or be dragged into the sunlight.
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Economy
Governments across Canada should prioritize energy infrastructure—including pipelines

From the Fraser Institute
By Tegan Hill and Elmira Aliakbari
In a recent meeting with Prime Minister Mark Carney, the provincial premiers discussed major infrastructure and energy projects to be fast-tracked through a new federal approval process. While the general sentiment was that the meeting was productive and collaborative, the British Columbia government seemingly shot down Alberta’s proposed pipeline to B.C.’s northern coast. This political resistance to new pipeline infrastructure overlooks the positive potential impact such projects could have for Canada and beyond.
Prime Minister Carney plans to table legislation that would create a new major projects office tasked with reducing approval times from five to two years, among other measures. Major projects must meet numerous criteria before deemed in the “national interest” and expedited. The premiers have compiled a short-list of projects for consideration though the full list has not been publicly released.
Alberta Premier Danielle Smith’s proposed pipeline would transfer bitumen to the Port of Prince Rupert in B.C., which would open up access to Asian markets. B.C. Deputy Premier Niki Sharma, who attended the recent meeting in place of B.C. Premier David Eby, said the proposal has “no proponent” at this stage and that her government plans to focus on “shovel-ready projects.”
And it isn’t just the Eby government resisting the project—Steven Guilbeault, a member of Carney’s cabinet, recently dismissed the need for additional pipeline infrastructure, including to B.C.’s coast, based on incorrect information about the Trans Mountain pipeline’s capacity and future oil demand.
Again, this political resistance ignores key facts about Canada’s energy sector, including our current overreliance on a single customer. Currently, 97 per cent of our oil exports go to the United States. This heavy reliance on the U.S. market has made Canada vulnerable to U.S. policy changes, as highlighted by the recent threat of tariffs on Canadian energy. Expanding pipeline infrastructure—both westward, as proposed by Premier Smith, and eastward—would help us diversify our export market and allow Canada to reach customers in Asia and Europe.
And pipeline expansion is not just about exports; it’s also about enhancing energy security at home. Some parts of our country, namely Ontario and Quebec, remain heavily dependent on U.S. pipelines to meet their energy needs. Specifically, due to the lack of an west-east pipeline dedicated to oil, for more than 70 years Canadian oil extracted in Alberta has passed through the U.S. via Enbridge’s network before returning to Ontario.
Finally, this discussion shouldn’t be limited to oil. There is and will continue to be strong demand for liquefied natural gas (LNG) in many parts of the world, including in Asia, for many years to come, which presents Canada with a significant opportunity to become a major LNG exporter and provide cleaner-burning fuel to countries such as China and India. However, building the necessary infrastructure (pipelines and LNG terminals) is critical if we’re serious about seizing this opportunity.
Governments across Canada should support critical energy infrastructure, including pipelines. This means putting politics aside and recognizing the importance of infrastructure in expanding export opportunities, ensuring energy security, reducing global emissions and creating prosperity across the country.
COVID-19
A COVID-19 day of reckoning is long overdue

This article supplied by Troy Media.
By Perry Kinkaide
Our youth are facing mental health struggles, disrupted education, and stunted social development due to Canada’s failed pandemic policies
The evidence is irrefutable: Canada’s response to COVID-19 betrayed its youth. Policies like school closures, social isolation and activity restrictions, meant to protect, ended up stunting the social, emotional and educational development of an entire generation.
While many adults navigated the pandemic with relative ease, Canadian youth, biologically the least vulnerable, suffered disproportionately. The damage is still unfolding, leaving lasting effects on their mental health, education and social development.
Young Canadians are now bearing the psychological and social scars of these misguided policies. Mental health struggles surged, with anxiety, depression and social isolation peaking in the years following the onset of the pandemic.
Research from the Québec Resilience Project confirms this, showing that mental health challenges among adolescents have remained high, even after restrictions were finally lifted. These struggles were not caused by the virus itself, but by the policies meant to protect them.
The impact is stark when compared to other countries. In nations like Sweden, Finland and Norway, where schools remained open, youth experienced far less disruption. They were able to maintain social connections, mental stability and routines—key to preserving their development during the pandemic.
By contrast, Canadian youth endured some of the longest school closures, with Ontario shutting down schools for over 26 weeks, more than double the global average. Canada’s extended school closures and social isolation were a profound misjudgment, failing to prioritize youth well-being.
While many youth were harmed, some were able to adapt and overcome the impact. Some, particularly those with strong family support, resilient routines and access to digital learning tools, adapted remarkably. Resilience, however, is not just an individual trait; it reflects the support systems in place. Those with resources to maintain normalcy were better able to recover, while those without such support were left behind.
The crisis has shown that the challenges facing youth are far more complex than originally thought. A generation is now grappling with emotional disengagement, academic delays and difficulties forming meaningful relationships. These issues will have long-term consequences, affecting not only their personal lives but also the broader Canadian economy.
We must recognize the full impact of these setbacks, especially regarding education and workforce readiness. The mental and social toll of these
disruptions will be felt for years to come.
This failure was not just the result of reactive public health policies; it was a failure of a system that de-prioritized youth needs. Young people were treated as threats to public health rather than as citizens with developmental needs. Adult focused activities, such as retail and liquor stores, remained open, while schools, sports and social activities—essential for youth development—were shut down.
This policy overreach wasn’t just avoidable; it was a betrayal of the next generation.
Now, as we emerge from this crisis, Canada faces a crucial choice: ignore the long-term consequences or confront the painful reality of how we failed our youth. The damage is not just a public health issue—it’s a societal one, impacting the mental and emotional well-being of an entire generation. Canada owes its youth more than apologies. It owes them a future free from the mistakes of the past.
Governments, educators, mental health systems and communities must step up—not just with lip service, but with meaningful action. We must rebuild the systems that support youth development, ensuring that this generation is not defined by the failed policies that stunted their growth.
The clock is ticking, and the question is no longer “What happened to our youth?” It’s “What are we doing to ensure this never happens again?”
Dr. Perry Kinkaide is a visionary leader and change agent. Since retiring in 2001, he has served as an advisor and director for various organizations and founded the Alberta Council of Technologies Society in 2005. Previously, he held leadership roles at KPMG Consulting and the Alberta Government. He holds a BA from Colgate University and an MSc and PhD in Brain Research from the University of Alberta
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
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