Close X
Friday, November 29, 2024
ADVT 
National

Bill Morneau leaves as suddenly as he arrived

Darpan News Desk The Canadian Press, 18 Aug, 2020 06:52 PM
  • Bill Morneau leaves as suddenly as he arrived

William Francis Morneau leaves federal politics as suddenly as he burst onto the Ottawa scene less than five years ago.

In November 2015, the newly elected Liberal member for Toronto Centre became the first rookie MP in nearly a century to step into the high-profile and demanding role of finance minister.

He set about implementing pillars of Prime Minister Justin Trudeau's economic platform, including tax cuts for the middle class, the new Canada Child Benefit and a revamped Canada Pension Plan.

Morneau brought ample experience as a business leader and volunteer to the role.

He took the reins of the family business from his father, growing human resources firm Morneau Shepell to 4,000 employees from just 200.

Morneau was also a keen supporter of the arts, and worked to help at-risk youth and ensure better access to health care and education. He also helped found a school for Somali and Sudanese girls at a United Nations High Commissioner for Refugees camp in northern Kenya.

In the rough-and-tumble world of parliamentary politics, the deliberate and thoughtful finance minister was forced to learn fast.

While still honing his political chops, he rarely seemed far from one controversy or another.

It would prompt the opposition to try to paint the wealthy former businessman as out of touch with the realities of ordinary Canadians.

Morneau's first budget projected years of big deficits despite Trudeau's 2015 election promise to keep annual shortfalls under $10 billion.

A contentious tax-reform plan released in 2017 led to an outcry from enraged business owners, doctors, tax experts and even backbenchers within his own Liberal caucus.

"I've learned from this experience that we have to be very good at communicating to Canadians what it is that we're trying to achieve," Morneau said at the time.

There were also questions that year about the minister's personal assets.

The federal ethics commissioner of the day fined Morneau $200 for failing to disclose his role as a director in a private corporation that owns a villa in France. Morneau had disclosed his ownership of the villa to Mary Dawson but, thanks to what his office called an administrative oversight, failed to mention the ownership structure itself.

Criticism intensified when word spread that he hadn't placed his Morneau Shepell holdings into a blind trust after being named to cabinet — a decision Morneau insisted was framed by Dawson's own advice.

In response to the controversy, Morneau sold off the remainder of his Morneau Shepell shares, which were worth about $21 million. He donated to charity the difference between what the shares were worth at the time of the sale and their value in 2015 when he was first elected — estimated at about $5 million — and promised to place his other assets in a blind trust.

In his final months as finance minister, Morneau oversaw massive spending to deal with economic and social fallout from the COVID-19 pandemic.

Morneau and Trudeau are both facing investigations by the new federal ethics watchdog, Mario Dion, for taking part in talks to hand WE Charity a contract to run a pandemic-related student-volunteer program.

One of Morneau's daughters works for the organization, another has spoken at its events and his wife, Nancy McCain, has donated $100,000. Morneau also revealed last month that he had repaid WE some $41,000 in expenses for trips he and his family took in 2017 to view two of its humanitarian projects in Ecuador and Kenya.

In stepping down, the 57-year-old Morneau signalled a need for a new finance minister to take up the challenge of navigating Canada's economy through the shoals of the pandemic.

"I will look forward to watching politics from the outside, and hopefully contributing in another way."

MORE National ARTICLES

Canada-U.S. to extend border restrictions

Canada-U.S. to extend border restrictions
Public Safety Minister Bill Blair says restrictions at the Canada-U.S. border will be extended another 30 days due to the COVID-19 pandemic.

Canada-U.S. to extend border restrictions

Atlantic Canada against lifting quarantine rules: survey

Atlantic Canada against lifting quarantine rules: survey
A new survey indicates Atlantic Canada is largely opposed to lifting travel restrictions for Canadians who live outside the region.

Atlantic Canada against lifting quarantine rules: survey

Vigils tonight for doctor killed at walk-in clinic

Vigils tonight for doctor killed at walk-in clinic
Two vigils are planned Friday evening for a family doctor who was killed at a walk-in clinic in central Alberta earlier this week.

Vigils tonight for doctor killed at walk-in clinic

Residency for asylum seekers on front lines

Residency for asylum seekers on front lines
Asylum seekers working on the front lines of the COVID-19 crisis are getting an early chance at permanent residency in Canada, but some advocates say the government's plan will leave thousands of workers on the sidelines.

Residency for asylum seekers on front lines

Man pleads guilty in gas-and-dash death

Man pleads guilty in gas-and-dash death
A man who was charged with second-degree murder after an Alberta gas station owner was killed in a gas-and-dash has pleaded guilty to manslaughter.

Man pleads guilty in gas-and-dash death

WE Charity registers as federal lobbyist

WE Charity registers as federal lobbyist
WE Charity registered Thursday as a lobbyist of the federal government — months after it began talks with federal officials about potential programs to help Canadian youths during the COVID-19 pandemic.

WE Charity registers as federal lobbyist