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

Red Cloud Fall Mining Showcase 2026 | Day 2

More Gold Without a Bigger Upfront Bill? | Keith Boyle – New Found Gold

The Red Cloud Fall Mining Showcase 2026 | Day 1

Recommended

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Meghan Markle’s Half-Brother Submitted Evidence Against Their Father, But Now Faces Philippine Police Scrutiny

Related News

US, Canada Among The Slowest In Mine Development Timelines, New Report Shows

A recent report by S&P Global reveals that the United States has the second-longest average...

Saturday, July 27, 2024, 09:22:00 AM

Value of Building Permits Recovers in June, Rises 6.9%

Following a month of record declines that saw building permit values suddenly plummet 14.8% in...

Thursday, August 5, 2021, 04:39:00 PM

Snubbed by Detroit, Canada Turns to Chinese Automakers

Canada courted Chinese electric vehicle manufacturers in January after American automakers reduced their Canadian operations,...

Thursday, February 19, 2026, 01:05:00 PM

Toronto Pearson Airport Reports Further Layoffs, Anticipates Pre-Pandemic Level Recovery to Take 3-5 Years

Much like the stagnant demand for air travel south of the border, Canadian airports have...

Wednesday, July 15, 2020, 04:41:00 PM

Canada’s Unemployment Rate Falls To 8.2% In February

Coinciding with the ongoing vaccine rollout and easing of restrictions, Canada’s labour market added 259,000...

Friday, March 12, 2021, 02:49:00 PM