Finance Minister Bill Morneau says he has sold all his shares in his family's pension company and made "a large donation" to charity, as the ethics watchdog continues to examine an alleged conflict of interest surrounding his ownership of the shares. Now that I've sold all my Morneau Shepell shares and made a large donation to charity, I'm looking forward to continuing these efforts on behalf of Canadians," he told the House of Commons on Monday. The finance minister had promised to donate to charity the profits earned on his Morneau Shepell shares since becoming finance minister. The nature of the sale, to whom the shares were sold and the total value of the sale also remain unknown. Cullen argued that, because Morneau held about one million shares at the time, he stood to make millions if the bill passed.

Source: CBC News November 20, 2017 21:06 UTC