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Tories attack Morneau with allegations over 2015 sale of Morneau Shepell shares

Tories attack Morneau with allegations over 2015 sale of Morneau Shepell shares
From CBC - November 27, 2017

The Conservatives have opened up a new line of attack against Bill Morneau, accusing the embattled finance minister of selling off stock the week before a policy announcement drove their value down by half a million dollars.

Inside the House of Commons today, Tory MPs peppered Morneau with questions about the timing of the sale of $10 million worth of shares in his family-founded human resources firm, Morneau Shepell.

Conservative finance critic Pierre Poilievre says a motion introduced by Morneau in December 2015 to raise income taxes on the highest earners caused the entire stock market to dropincluding Morneau Shepell's share price.

Poilievre asked Morneau repeatedly throughout question period if it was merely a coincidence that the 680,000 shares were sold off a week before the announcement.

Morneau largely avoided the queries, insisting he had absolutely nothing to hide.

A spokesman for Morneau later called Poilievre's insinuations "utterly false" and "absurd"and challenged the Tories to make the accusations outside the House of Commons, where members are not protected by parliamentary privilege.

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