Conservative leader Andrew Scheer speaks with the media in the Foyer of the House of Commons Wednesday. (Adrian Wyld/The Canadian Press)

Conservative leader Andrew Scheer speaks with the media in the Foyer of the House of Commons Wednesday. (Adrian Wyld/The Canadian Press)

Conservatives call for embattled Finance Minister Bill Morneau to resign

Morneau has faced intense pressure for not fully disclosing his personal financial arrangements

Conservative Leader Andrew Scheer called for Bill Morneau’s resignation Wednesday as political rivals stepped up their attacks on a finance minister mired in controversy for weeks.

Scheer demanded that Morneau step aside, and if he won’t, then Prime Minister Justin Trudeau should just fire him.

“After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister,” Scheer told reporters before question period, where the issue dominated debate and saw Trudeau come to Morneau’s defence.

Scheer’s call for Morneau’s departure is the latest fuel thrown on the political fire that’s swirled around the finance minister since the summer, when he proposed tax-system changes that enraged small business owners.

Since then, Morneau has faced intense political pressure for not fully disclosing his personal financial arrangements.

Then came conflict-of-interest allegations over proposed pension reform, spearheaded by Morneau, that opponents have alleged would bring him personal financial benefit. The federal ethics commissioner has launched a formal examination into the matter.

This week, the Tories and the New Democrats have been grilling the Liberals about the 2015 sale of shares in the human resources firm Morneau Shepell, built by Morneau and his father, ahead of a tax change announcement.

During Monday’s question period, Conservative MP Pierre Poilievre had claimed Morneau’s December 2015 announcement, which unveiled the government’s plan raise income taxes on the highest earners, caused the entire stock market to drop — including the value of Morneau Shepell shares.

Poilievre said 680,000 shares in the company were sold off roughly a week earlier — saving the owner half a million dollars.

He repeatedly asked Morneau on Monday if he was the person who sold those shares, but the minister sidestepped the questions. On Wednesday, Morneau acknowledged that he sold Morneau Shepell shares after coming into office in the fall of 2015.

Poilievre has also suggested that Morneau used his inside knowledge to benefit himself financially.

“It is actually the responsibility of government to ensure that no minister ever uses inside knowledge to benefit from transactions on the stock market,” Poilievre said Monday during question period.

A day later, Morneau threatened to sue the Conservatives for suggesting he used his inside knowledge.

He challenged the Tories to step outside the House of Commons, and away from the legal shield known as parliamentary privilege, to repeat the insinuation.

Anything said in the House of Commons is subject to parliamentary privilege, which gives MPs legal protection from libel and defamation laws.

On Wednesday, Morneau and Trudeau took turns challenging the Opposition again to bring their accusations outside the House.

“If the member opposite has an allegation, if he wants to say something, he should say what he means,” Morneau said in a response to a question from Scheer.

“He should say it here, he should say it now, he should stand up and say it — and then he should go out into the foyer and say it again.”

Andy Blatchford, The Canadian Press

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

This concept artwork from July 2020 shows the inland port planned for the former Skeena Cellulose mill site in Terrace. (Image courtesy Hatha Callis, Progressive Ventures Group)
Terrace city council approves inland port OCP amendments

Project still requires zoning bylaw, development permit to continue

This copper frog pendant was made by Jamika Aksidan, a young Nisga’a artist who was recently recognized with an award for her work. (Photo courtesy Nisga’a Museum)
Nisga’a youth artist wins award

Award includes $500, exhibition in Nisga’a Museum

A BC Hydro outage is affecting nearly 4000 customers in Kitimat. The cause of the outage is under investigation. (Screenshot/BC Hydro Outage Map)
Cable fault responsible for Kitimat power outage, BC Hydro says

At its peak, the BC Hydro power outage affected near 4,000 customers

Graph showing the 2020 passenger totals at the Northwest Regional Airport in Terrace. (Submitted/Northwest Regional Airport)
New year brings an end to a turbulent 2020 at Northwest Regional Airport

Passenger totals half of what they were in 2019

A scene from “Canada and the Gulf War: In their own words,” a video by The Memory Project, a program of Historica Canada, is shown in this undated illustration. THE CANADIAN PRESS/HO - Historica Canada
New video marks Canada’s contributions to first Gulf War on 30th anniversary

Veterans Affairs Canada says around 4,500 Canadian military personnel served during the war

Williams Lake physician Dr. Ivan Scrooby and medical graduate student Vionarica Gusti hold up the COSMIC Bubble Helmet. Both are part of the non-profit organization COSMIC Medical which has come together to develop devices for treating patients with COVID-19. (Monica Lamb-Yorski photo - Williams Lake Tribune)
Group of B.C. doctors, engineers developing ‘bubble helmet’ for COVID-19 patients

The helmet could support several patients at once, says the group

A 17-year-old snowmobiler used his backcountry survival sense in preparation to spend the night on the mountain near 100 Mile House Saturday, Jan. 16, 2021 after getting lost. (South Cariboo Search and Rescue Facebook photo)
Teen praised for backcountry survival skills after getting lost in B.C.’s Cariboo mountains

“This young man did everything right after things went wrong.”

Conservative Leader Erin O’Toole holds a press conference on Parliament Hill, in Ottawa on December 10, 2020. THE CANADIAN PRESS/Sean Kilpatrick
No place for ‘far right’ in Conservative Party, Erin O’Toole says

O’Toole condemned the Capitol attack as ‘horrifying’ and sought to distance himself and the Tories from Trumpism

A passer by walks in High Park, in Toronto, Thursday, Jan. 14, 2021. This workweek will kick off with what’s fabled to be the most depressing day of the year, during one of the darkest eras in recent history. THE CANADIAN PRESS/Chris Young
‘Blue Monday’ getting you down? Exercise may be the cure, say experts

Many jurisdictions are tightening restrictions to curb soaring COVID-19 case counts

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a UHN COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
COVID-19: Provinces work on revised plans as Pfizer-BioNTech shipments to slow down

Anita Anand said she understands and shares Canadians’ concerns about the drug company’s decision

Tourists take photographs outside the British Columbia Legislature in Victoria, B.C., on Friday August 26, 2011. A coalition of British Columbia tourism industry groups is urging the provincial government to not pursue plans to ban domestic travel to fight the spread of COVID-19. THE CANADIAN PRESS/Darryl Dyck
B.C. travel ban will harm struggling tourism sector, says industry coalition

B.C. government would have to show evidence a travel ban is necessary

(Phil McLachlan - Capital News)
‘Targeted’ shooting in Coquitlam leaves woman in hospital

The woman suffered non-life threatening injuries in what police believe to be a targeted shooting Saturday morning

JaHyung Lee, “Canada’s oldest senior” at 110 years old, received his first dose of the COVID-19 vaccine on Thursday, Jan. 14, 2021. He lives at Amenida Seniors Community in Newton. (Submitted photo: Amenida Seniors Community)

Most Read