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 $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Why Industrial Demand Is Changing the Silver Market | David Morgan

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

Recommended

Steadright To Acquire 75% Interest In Moroccan Copper-Lead-Silver Project

Nations Royalty Names Derrick Pattenden As President And CEO

Related News

Canadian Building Construction Investment Jumps 5.9% in March

Investment in building construction jumped again in March, largely led by the residential sector. According...

Saturday, May 15, 2021, 11:02:00 AM

Freeland Is Free From Cabinet, Could Land Ukraine Envoy Stint

After approximately 9 years and 10 months holding various ministries, Chrystia Freeland is reportedly leaving...

Tuesday, September 16, 2025, 12:49:00 PM

Canadian Home Sales Set New Record With Increase of 45.6% in September

Canada’s housing market has thus far defied the coronavirus pandemic, and despite many analyst’s projections...

Thursday, October 15, 2020, 12:47:41 PM

Holiday Chaos: Winter Storm Causes Thousands of Canceled Flights, Power Interruptions In US, Canada

A day before Christmas weekend, the winter storm continued to sweep through much of the...

Saturday, December 24, 2022, 11:23:00 AM

Housing Minister Doesn’t Want Mayors To Be Blamed For The Housing Crisis, So Canadians Blamed Him Instead

Minister of Housing and Diversity & Inclusion Ahmed Hussen penned an op-ed castigating the opposition...

Saturday, July 15, 2023, 11:27:00 AM