Mr. Speaker, when will Mark Carney disclose his conflicts of interest?
That is the question I asked the government about three weeks ago. The answer? Well, none. They refused to answer that question and instead accused me of engaging in personal attacks. When the adviser to the Liberal Party happens to be the chair of one of the largest asset management and private capital firms in the world, is it really a personal attack to ask when he will disclose his conflicts?
We do not know what all of his business interests are or what his remuneration is and how much he benefits when the share price of, perhaps, one of the companies that Brookfield owns rises in reaction to government news. These are important pieces of information.
Is the government shielding the adviser to its party's leader from transparency laws when it allows Carney to function as an adviser to the Prime Minister? After all, that is really what he is. This whole business of “adviser to the Liberal leader” is as if the Liberals would not have us believe that the member for Papineau, who, at least today, is the Liberal Party leader, and the Prime Minister, are the same person.
Mark Carney is advising the Prime Minister without having to have his conflicts of interest declared. This is not an academic question.
Just a few weeks ago we saw the Liberals make an announcement about mortgage insurance ceilings. This benefits one of Brookfield's companies: Sagen is one of the mortgage insurance providers in Canada. The ceiling going from $1 million to $1.5 million is an enormous business opportunity, and the markets reacted to that. Share prices got a good solid bump that day when the announcement was made. Therefore, it is relevant to Canadians.
Canadians need to know all the conflicts of interest around this adviser. I mentioned this in the premise of the question. The parliamentary secretary said that it was really good news because the mortgage announcement was going to increase construction, and it was going to be good for Canadians. Well, no. We had testimony yesterday at the finance committee that the only people that can get the maximum benefit of that increase to mortgage insurance limits are people who earn $350,000 or more per year. This announcement is good for the mortgage insurance business and for Brookfield. If we had a conflict of interest disclosure, we would know just how good it might be for Mark Carney, but they will not do so.
I ask the parliamentary secretary tonight if she could tell us on what date they will ensure Canadians will have the conflict of interest disclosure on this adviser who advises the leader of the Liberal Party, but the leader of the Liberal Party, for now, is the Prime Minister, so we may only be scratching the surface. This adviser has all kinds of other business dealings with governments, not only the Liberal government, but other governments around the world.
It is time for Canadians to know what the conflicts and potential conflicts are, so we can get on with separating the interests of what is good for Mark Carney, the Liberals and their friends from what is good for Canadians.