Prime Minister Mark Carney and other Canadian prime ministers should be required to divest their investment portfolios when they assume office, not just put them in a blind trust, the House of Commons ethics committee recommends in a new report.

In its report made public Thursday morning, the committee said putting assets in a blind trust isn’t good enough, recommending instead "that the Government of Canada amend the Conflict of Interest Act that, for the application of subsection 27(1) the prime minister, as a reporting public office holder, is fully divested from their controlled assets through sale, since placement in a blind trust does not constitute true divestment."

The committee also wants the law amended to require public disclosure of "high-level holdings categories placed in a blind trust by reporting public office holders (sector/asset class, and whether the holdings are Canadian-market concentrated)," a recommendation that could shed new light on the financial interests of a number of top officials and cabinet ministers.

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[–] Phil_in_here@lemmy.ca 0 points 6 hours ago (1 children)

do they sell their houses

First of all, YES! We have an affordability crisis and affording a place to live is at the top of financial stress. That cost has exploded because real estate is seen as an investment that can never be allowed to lose value. Why would we want a PM that stands to personally benefit from houses being more expensive?

Second of all, yes all of their houses. We give them a place to live. Normal people sell their house to move forward work all the time

[–] OrteilGenou@lemmy.world 0 points 5 hours ago

Well that's a relief, I thought for a moment I was missing something, but it's just that you have no grounding in reality. Thanks!