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103

Pierre Poilievre holds investments in Brookfield — the same company he attacks Mark Carney over (www.thestar.com)

submitted 1 week ago by CowsLookLikeMaps@lemmy.ca to c/canadapolitics@lemmy.ca

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[–] sbv@sh.itjust.works 20 points 1 week ago (1 children)

Poilievre now has undisclosed amounts of money in the Vanguard FTSE Canada Index ETF, as well as in Purpose Bitcoin, a registered Canadian ETF.

The Vanguard ETF consists of investments in dozens of companies, including Brookfield Corporation and Brookfield Asset Management.

In a statement to the Star, Lilly said Poilievre does not hold individual stocks in Brookfield, and that he does not control the contents of his ETFs.

Holding an ETF that includes Brookfield doesn't seem like a conflict of interest beyond holding shares in general.

There are lots of reasons to criticise Poilievre and the CPC - this isn't one of them.

[–] Lemmyoutofhere@lemmy.ca 7 points 1 week ago (2 children)

Seriously, people don’t know what an index ETF is.

[–] sbv@sh.itjust.works 6 points 1 week ago

The headline is inflammatory, and confirms our biases. Nobody's gonna read it unless they absolutely have to.

[–] shawn1122@lemm.ee 2 points 1 week ago* (last edited 1 week ago)

I wouldn't blame an ordinary person for having money in this index ETF, but it is funny that he made a big deal out of it while having money invested in Brooksfield also.

I certainly wouldn't use it as a point to discredit Poilievre. There are many other ways to do that.