Article content

BY CANDICE MALCOLM

New details uncovered by the Toronto Sun show that Morneau Shepell — the firm founded by the father of Finance Minister Bill Morneau — has a contract with the Bank of Canada worth over $8 million.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Morneau's firm doing work for the feds Back to video

A spokesman for the Bank of Canada confirmed this relationship in an email exchange with the Sun. “The Bank of Canada has had a pension and benefits service contract with Morneau Shepell since November 1, 2012,” said Louise Egan. “The contract covers administration services for the Bank’s Pension Plan and benefits program.”

When asked if any changes had been made to this contract since Morneau became Finance Minister, Bank of Canada confirmed that there had.

“The original contract granted a right to the Bank to extend the contract for four years,” said Egan. “The Bank opted to exercise this option on Feb. 27, 2017.”

While Morneau Shepell’s client list is not public, the company has created a website (available at bankofcanada.integratedportal.uat.morneaushepell.com) that allows employees of Bank of Canada to manage their pension and employee benefits.