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.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

“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

Everybody Should Own Gold | George Bee – U.S. Gold Corp.

A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources

The Debt Crisis Is Turning Gold Into Money | Shawn Khunkhun – Contango Silver and Gold

Recommended

Northmin Wins Competitive Bid for Historic Keel Zinc-Silver-Lead Deposit in Ireland

Brixton Hits 348 g/t Silver Over 23.5 Metres as Langis Shaft 6 Southeast Zone Extends South

Related News

Canada Faces Challenges in EV Adoption, Survey Finds

As Canada anticipates the influx of electric vehicles (EVs), a recent Ipsos Canada survey commissioned...

Wednesday, October 18, 2023, 02:57:00 PM

Mayor of Terry Fox’s Hometown Bashes Trudeau for New Passport Design

The design for Canada’s new high-tech passport was unveiled on Wednesday by Sean Fraser, Minister...

Thursday, May 11, 2023, 12:21:36 PM

Canada Plans $24 Billion in Spending Cuts, Targeting Indigenous Programs and Veterans

Canada’s federal government is preparing sweeping spending reductions totaling nearly $24 billion by 2028 that...

Monday, July 28, 2025, 08:00:31 AM

Canadian Consumer Confidence Jumps to Record-High Amid Strong Vaccine Rollout

Consumer confidence appears to be accelerating across Canada, amid the ongoing vaccine rollout that is...

Saturday, May 22, 2021, 11:09:00 AM

Trump Suspends Canadian Tariffs Hours Before Midnight Deadline

Hundreds of Canadian products that were bracing for a 50 per cent tariff will get...

Tuesday, August 18, 2026, 11:28:28 PM