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Canada 02 · 12-29-2005, 04:30 PM

http://www.ctv.ca/servlet/ArticleNew...e=election2006

The RCMP are investigating allegations of insider trading. Hours before Ralph Goodale annouced his decision on taxation of dividends and income trusts there was a spike in trading activity

NDP Reaction:

In spite of the Mounties' statement, New Democrat Leader Jack Layton said being a minister of the Crown is not a right, but a privilege -- and one that Goodale should give up pending a criminal investigation.
In spite of the Mounties' statement, New Democrat Leader Jack Layton said being a minister of the Crown is not a right, but a privilege -- and one that Goodale should give up pending a criminal investigation.
"It is blindingly obvious, based on ample precedent, that when a minister's department is under criminal investigation ... the minister should step away from his duties until the investigation is complete," said Layton at a Toronto press conference this afternoon.

Tory Reaction:

Further, Deputy Tory leader Peter MacKay said it's "totally inappropriate" for Goodale to declare innocence in the middle of an RCMP probe.
He repeated his party's call for the finance minister to step down, "pending completion of an investigation."
"There is precedent for this," MacKay told Canada AM from New Glasgow, N.S. He later elaborated on CTV Newsnet that Ontario Liberal MP Judy Sgro stepped aside from her cabinet position after a newspaper report revealed allegations from pizza shop owner Harjit Singh, who said Sgro pressured him to supply food to her 2003 election campaign. Sgro was later cleared of any wrongdoing.
MacKay said, in this current case, it should be enough that the Mounties have reached "that threshold where they ... suspect that wrongdoing has taken place" for Goodale to step down.

Goodale's Response:

When asked on Canada AM to explain the sudden spike in trading on the stock exchange before his announcement if no leak had occurred, Goodale pointed to an interview he gave to reporters on the day before his announcement, indicating that traders may have made an educated guess based on his remarks.
"The day before on the Tuesday late afternoon, coming out of the House of Commons, I indicated publicly in a scrum in the lobby of the House of Commons that I was concerned about matters related to uncertainty in this issue of income trusts, and I was considering the possibility of an early announcement," said Goodale.

12-29-2005, 04:30 PM	#1
Canada 02 Franchise Player Join Date: Feb 2004 Exp:	RCMP Criminal Investigation of Goodale/FMO http://www.ctv.ca/servlet/ArticleNew...e=election2006 The RCMP are investigating allegations of insider trading. Hours before Ralph Goodale annouced his decision on taxation of dividends and income trusts there was a spike in trading activity NDP Reaction: In spite of the Mounties' statement, New Democrat Leader Jack Layton said being a minister of the Crown is not a right, but a privilege -- and one that Goodale should give up pending a criminal investigation. In spite of the Mounties' statement, New Democrat Leader Jack Layton said being a minister of the Crown is not a right, but a privilege -- and one that Goodale should give up pending a criminal investigation. "It is blindingly obvious, based on ample precedent, that when a minister's department is under criminal investigation ... the minister should step away from his duties until the investigation is complete," said Layton at a Toronto press conference this afternoon. Tory Reaction: Further, Deputy Tory leader Peter MacKay said it's "totally inappropriate" for Goodale to declare innocence in the middle of an RCMP probe. He repeated his party's call for the finance minister to step down, "pending completion of an investigation." "There is precedent for this," MacKay told Canada AM from New Glasgow, N.S. He later elaborated on CTV Newsnet that Ontario Liberal MP Judy Sgro stepped aside from her cabinet position after a newspaper report revealed allegations from pizza shop owner Harjit Singh, who said Sgro pressured him to supply food to her 2003 election campaign. Sgro was later cleared of any wrongdoing. MacKay said, in this current case, it should be enough that the Mounties have reached "that threshold where they ... suspect that wrongdoing has taken place" for Goodale to step down. Goodale's Response: When asked on Canada AM to explain the sudden spike in trading on the stock exchange before his announcement if no leak had occurred, Goodale pointed to an interview he gave to reporters on the day before his announcement, indicating that traders may have made an educated guess based on his remarks. "The day before on the Tuesday late afternoon, coming out of the House of Commons, I indicated publicly in a scrum in the lobby of the House of Commons that I was concerned about matters related to uncertainty in this issue of income trusts, and I was considering the possibility of an early announcement," said Goodale.