The shares were sold a week before Morneau introduced tax measures that predictably caused the stock market to drop, and whoever sold the shares would have saved about $500,000.
Moneybags Morneau might be facing yet another ethics scandal.
In the House of Commons, Conservative Finance Critic Pierre Poilievre revealed that Morneau told reporter John Ivison he had sold 680,000 Morneau Shepell shares.
Poilievre points out that number lines up with the 680,000 Morneau Shepell shares sold one week before Morneau announced tax measures that caused the entire stock market (including the price of Morneau Shepell shares) to drop.
Whoever sold those shares would have saved about $500,000 when comparing the value of the shares before and after the tax announcement.
If it was Morneau who sold those shares – and that has not been officially confirmed – it would be a serious issue, as he would have been acting on information that was not available to most Canadians.
If true, it would add to the growing perception many Canadians have that he has been using government to serve his own interests, rather than serving Canadians.
Watch the video below, to see Poilievre grill Moneybags on the sale:
It should be noted that while Morneau could have easily made this issue go away by giving clear proof that he didn’t sell the shares, he has not done so.
However, Morneau instead tried to dodge the issue and – as always – hid behind talking points.
Photos – YouTube