Fact Check: Mark Carney will sell out Canada

Fact Check: "Mark Carney will sell out Canada"

What We Know

In early April 2025, a rumor circulated that U.S. President Donald Trump paused tariffs due to Canadian Prime Minister Mark Carney orchestrating a collective sale of U.S. bonds. This claim originated from a newsletter by Dean Blundell, a known supporter of Carney, who alleged that Carney had coordinated with European and Japanese leaders to sell U.S. Treasurys in response to U.S. tariffs imposed on Canada (Snopes).

While it is true that Trump paused tariffs after a significant drop in U.S. Treasurys and stocks, the assertion that Carney orchestrated this sell-off has not been substantiated. Blundell's claims have not been confirmed by Carney's office or independent analysts (Yahoo).

The context of the rumor includes a backdrop of escalating trade tensions between the U.S. and Canada, with tariffs on Canadian products already in place since March 2025. The claim suggests that Carney's actions were a strategic response to these tariffs, but there is no evidence to support the notion that he directly influenced the bond market in this way (Snopes).

Analysis

The primary source of the claim comes from Dean Blundell, whose background as a "shock jock" raises questions about the reliability of his assertions. Blundell has a history of controversial statements and is known for his provocative style, which may influence the credibility of his claims (Snopes).

While the timing of Trump's tariff pause coincided with market movements, attributing this to Carney's actions lacks direct evidence. Financial analysts have not corroborated Blundell's narrative, and Snopes has reached out to multiple experts for their insights on the plausibility of such a coordinated sell-off, but no confirmation has been provided (Yahoo).

Furthermore, the political context surrounding Carney's leadership and the upcoming federal election adds a layer of complexity. Blundell's support for Carney may indicate a potential bias in his reporting, as he has been openly critical of Trump's policies and supportive of Carney's candidacy (Snopes).

Conclusion

The claim that "Mark Carney will sell out Canada" is Unverified. While there are elements of truth regarding the timing of market reactions to tariffs, the specific assertion that Carney orchestrated a sell-off of U.S. Treasurys remains unproven. The lack of credible evidence and the questionable reliability of the source contribute to the conclusion that this claim cannot be substantiated at this time.

Fact Check: Mark Carney will sell out Canada