Mr. Speaker, Gordon Pape, the famous financial expert, wrote in the Globe and Mail after the minister's tax increase was introduced on the floor of the House of Commons, “If you've been considering taking profits on some of your stocks, do it now. You'll save the equivalent of 2 per cent federal tax plus the provincial share.” As a result, many sold their shares and the stock market dropped. Morneau Shepell dropped 5%.
A week before the minister introduced his measures on the floor of the House of Commons, someone sold $10 million of Morneau Shepell shares. Was it him?