2017-12-01 04:04:16 UTC
details on the circumstances of the sale of shares he held in his family
business, Morneau Shepell Inc., Global News has analyzed insider trading
reports of the company and discovered that Morneau's father sold a significant
number of shares days before his son announced a major tax policy change.
Regulatory filings show that William F. Morneau Sr. sold 100,000 shares of
Morneau Sheppell Inc. (MSI) at a price of $15.20 per share on Nov. 23, 2015,
and sold another 100,000 shares on Dec 3, 2015, at a price of $15 a share.
On Dec. 7, 2015, Morneau, the finance minister, tabled documents in the House
of Commons which announced his government?s intention to change tax rules that
would increase taxes on wealthy Canadians as of Jan. 1. 2016."
Just a coincidence, surely?