When Morneau was elected to the House of Commons in October 2015, he held just over 2 million shares in his former company, Morneau Shepell. He had recently said he still held about one million shares in the company, but would not offer any information about when he sold the other million shares, or at what price. However, the Post has viewed documentation that shows Morneau sold the other million shares in mid-December, 2015. As a major shareholder in a large pension company, Morneau was allowed to sponsor legislation that could change the marketplace. (For its part, Morneau Shepell says bill C-27 is not expected to have a “material impact” on the company.)

Source: National Post October 30, 2017 21:56 UTC