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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Canada Eyes Ban on Chinese, Russian Car Tech, Following US Lead

Canada is contemplating stringent measures against foreign technology in vehicles, following a similar decision by...

Wednesday, September 25, 2024, 07:10:00 AM

Canadian Factory Prices Continue to Surge in April

Prices of goods produced in Canada, as well as prices for the raw materials needed...

Wednesday, June 2, 2021, 11:51:00 AM

Heat-flation? Report Says Canadian Government Tried to Rename Inflation to Blame It On Climate Change

Recent reports circulating online have claimed that the Canadian government considered renaming “inflation” to terms...

Tuesday, October 8, 2024, 07:49:48 AM

Investment In Canada’s Residential Construction Soars To Record-High

Following three consecutive months of declines, investment in Canada’s building construction rose by 1.5% in...

Tuesday, February 9, 2021, 02:51:00 PM

Canada’s Economy Could Lose Up To 500,000 Jobs As A Result Of Travel Restrictions

Since the onset of the pandemic, Canada has kept is borders shut to international tourists...

Saturday, October 24, 2020, 11:41:00 AM