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Morneau’s father sold shares in family company days before tax changes announced

Morneau’s father sold shares in family company days before tax changes announced

Bill Morneau’s father sold 200K shares in family company days before tax changes announced

Source: Global News
Author: David Akin

As Finance Minister Bill Morneau is pressed in the House of Commons for 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.

Read the full article here.

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