Tuesday, December 9, 2025

Freeland Resigns As Finance Minister Ahead Of Fall Economic Statement Release

Chrystia Freeland has resigned from Justin Trudeau’s Liberal Cabinet, announcing this morning that Trudeau on Friday indicated he no longer wanted Freeland in the finance role. Rather than be reassigned, Freeland has indicated that she has no desire to serve in the Cabinet on a go-forward basis.

“On Friday, you told me you no longer want me to serve as your Finance Minister and offered me another position in the Cabinet. Upon reflection, I have concluded that the only honest and viable path is for me to resign from the Cabinet,” Freeland wrote in a letter addressed to Trudeau.

The resignation comes on the day Freeland and Canada’s Liberal government was set to release its Fall Economic Statement, with reports indicating that a deficit in excess of $60 billion is to be announced.

“For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada,” she continued, before highlighting that the government needs to “eschew costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment.”

RELATED: Is Chrystia Freeland Scrapping The Promised $250 Rebate?

Despite her resignation from Cabinet, Freeland has indicated that she will continue to serve as a Liberal Member of Parliament, and that she intends to run again for her seat in the next federal election.

It is unclear at this time who will be delivering Canada’s fall economic statement as a result of the resignation.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Guanajuato Silver: Q3 Results Overshadowed By Silver Ripping

I Went to See the Highest Grade Silver on Earth | Nord Precious Metals

Recommended

Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Related News

Canada Plans to Reduce Temporary Resident Influx

Canada is taking steps to rein in the surging number of temporary residents entering the...

Friday, March 22, 2024, 03:55:00 PM

Canada Poised to Mandate Zero-Emission Cars by 2035 in New Electric Vehicle Standard

Canada is set to announce new regulations requiring all new cars to be zero-emission vehicles...

Monday, December 18, 2023, 04:33:00 PM

Canadian Home Sales Soared to New Record in January

Real estate activity across Canada does not appear to be slowing down in the new...

Thursday, February 18, 2021, 04:09:00 PM

Canada’s Economy Reaches Pre-Pandemic Levels for First Time Ever In November

Canada’s economy continued to expand throughout October and November, and has finally reached pre-pandemic levels...

Sunday, December 26, 2021, 11:44:00 AM

Feds Unveil $1.0 Billion National School Food Program

The Canadian federal government has announced plans to launch a $1 billion national school food...

Tuesday, April 2, 2024, 03:49:00 PM