"He may not be hawking branded sneakers, fragrances, or coins like his American counterpart, but much of Carney's reputation-and wealth-was forged inside the very financial institutions he's now expected to regulate. The prime minister spent a decade at Goldman Sachs, the powerful Wall Street investment bank, before serving as governor of both the Bank of Canada and, later, the Bank of England-two government roles that present themselves as neutral but are deeply enmeshed in the priorities and assumptions of global markets."
"Accountability advocates warn his private-sector record tells a different story. "Prime Minister Carney has as many financial conflicts as Trump," claims Duff Conacher, co-founder of Democracy Watch, one of Canada's leading government watchdogs. Launched in 1993, the non-partisan group campaigns for stricter oversight of public officials of all stripes. It files complaints with ethics commissioners, challenges government actions in court, and pushes for democratic reforms at the federal and provincial levels."
Mark Carney projects an image of a technocrat prepared to confront trade disputes, while accountability advocates raise concerns about his private-sector background. Democracy Watch, founded in 1993, pursues stronger oversight, files ethics complaints, and pushes democratic reforms. Carney spent a decade at Goldman Sachs, then led the Bank of Canada and the Bank of England, and served four years at Brookfield Asset Management before entering politics in 2025. He held senior positions and accumulated substantial holdings. He transferred his portfolio into a blind trust and accepted an ethics screen to limit involvement, yet critics argue his financial ties still pose conflict risks.
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