Angry in the Great White North

The Ontario Securities Commission has initiated an investigation into the possible leak of information from Liberal Finance Minister Ralph Goodale's office, according to an informed and reliable source.

The allegation is that confirmation that income trust funds would not be taxed was provided to certain traders during the business day prior to the general announcement. Suspicious activity in income trusts on November 23 suggests that the information was used by those in the know to position themselves for quick profits when income trust values surged on November 24, the day after the announcement.

Ralph Goodale's office is named specifically as being a subject in the investigation.

I am attempting to get confirmation.

If this turns out to be true, expect renewed calls from many quarters for the resignation of Finance Minister Goodale until the investigation is completed.