ETHICS COMMISSIONER CLEARS MORNEAU OVER SHARES SALE
Jan 08, 2018
By Bob Komsic
In one of her final moves as ethics and conflict of interest commissioner, Mary Dawson has determined Finance Minister Bill Morneau and his father did not benefit from insider information when they sold shares in the family business, Morneau Shepell, in the fall of 2015.
The commissioner points out the income tax hike for wealthier Canadians was publicly announced November 4, 2015 and Morneau sold his shares November 30.
The legislation was not tabled until December 7.
Dawson also found the finance minister had no involvement in the Bank of Canada’s decision to its contract with Morneau Shepell to manage the central bank’s pension plan.
A spokesperson for the minister says ”We are pleased with the outcome.”
Morneau’s divested himself from his holdings in the company, set up a blind trust and donated gains in the value of his shares since his election.
This is the commissioner’s last day on the job.
The government’s appointed Mario Dion to replace her.