Speculation had the leak coming from Goodale's office; now it appears Scott Brison may have been the leaky pipe dripping all over Bay Street:
TORONTO and OTTAWA — The Canadian Imperial Bank of Commerce has turned over an e-mail received from Liberal MP Scott Brison to police and regulators as part of a probe into the income-trust controversy that dogged the Liberals in the recent election campaign, The Globe and Mail has learned.
Sources said the former public works minister, a potential contender for the Liberal leadership, sent an e-mail to one of CIBC's employees the day before Ottawa announced its much-anticipated policy on income trusts last November, in which he suggested the recipient would likely be pleased by the decision.
The bank did not learn of the e-mail until after the federal election campaign began, but when it did, it launched an internal review of its trading activity in the lead-up to Ottawa's announcement. The sources said the review did not turn up anything unusual, but CIBC still decided to bring its report to the attention of the RCMP and the Ontario Securities Commission.
Trading of income trusts spiked considerably on Nov. 23, the day former finance minister Ralph Goodale unveiled his policy on the booming sector, prompting speculation that there may have been a leak from the federal government.
Soon after, the Mounties launched a criminal investigation into whether news of Ottawa's plans had somehow found its way into the stock markets and fuelled improper trading.
Sources said Mr. Brison sent his e-mail on Nov. 22, the day before the decision.
Don't forget that while still a sitting PC MP, Brison was also a vice-president at Yorkton Securities, and as plugged into Bay Street as anyone in an economic portfolio. He'd know who to tip off, when, and how.
The timing of this announcement could not be worse for Brison, as he prepares to mount his Liberal leadership bid. Which may have been the whole point of this leak to the press about the leak inquiry's look into Brison leaking.
Time to call the plumber.
Source: Globe and Mail