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

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

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

Recommended

First Majestic Sells Past Producing Del Toro Silver Mine For Up To US$60 Million

TomaGold Drills 6.68% Zinc Equivalent Over 48.05 Metres At Berrigan Mine Project

Related News

Chrystia Freeland’s Fall Budget Unveils Over $30B in New Spending Measures to Tackle Inflation Pressures

The Liberal government unveiled a series of new spending measures alongside the promise to balance...

Saturday, November 5, 2022, 03:15:00 PM

Chrystia Freeland Says Bank of Canada’s Monetary Policy Still ‘Contractionary’

Canadian Finance Minister Chrystia Freeland recently discussed the country’s economic situation at a policy conference...

Tuesday, September 24, 2024, 10:14:00 AM

Pierre Poilievre’s Conservative Party Breaks Record for Fundraising Dollars in Q4 2022

The Conservative Party of Canada likes its new leader and it shows. The party was...

Thursday, February 2, 2023, 07:23:52 AM

Canada Reviews Chinese EV Tariffs as Farmers Face $1B Losses From Chinese Retaliation

Canada is reviewing its 100% tariff on Chinese electric vehicles as the federal government weighs...

Thursday, September 18, 2025, 08:41:20 AM

Warning Signs: Canada’s Employment Data Echoes Pre-Recession Era

Recent data from Statistics Canada reveals concerning trends in the Canadian labor market, according to...

Wednesday, September 11, 2024, 11:14:00 AM