You would have to be amazingly naïve to think that Morneau does not have a conflict of interest issue here.

If the ethics rules have been written so that merely putting your investments in a holding company would absolve you from being an a conflict of interest, then the rules need to be changed.

Furthermore, any initiative or legislation introduced by Mr. Morneau that would increase the value of his family's holdings, is obviously wrong at every turn.
 
For this reason and for the recent incredibly shabby corporate tax fiasco, this man should resign immediately.

He has lost any credibility he may have had.