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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

Oil Companies Are Just Waiting for Trudeau to Get Kicked Out

The general election isn’t until October 2025, but some oil and gas producers are already...

Wednesday, December 20, 2023, 03:10:00 PM

Dominic LeBlanc Takes Over Finance Ministry Amid Trudeau’s Growing Crisis

Prime Minister Justin Trudeau is facing a deepening political crisis after Deputy Prime Minister Chrystia...

Tuesday, December 17, 2024, 09:55:23 AM

Canadian Consumer Confidence Soars to New Record Amid Housing Boom

Consumers across Canada are becoming increasingly optimistic about the country’s economic recovery, as the ongoing...

Tuesday, March 30, 2021, 04:05:00 PM

General Motors Allocates $1 Billion Towards Pickup Truck Production in Canada

As vehicle sales continue to recover amid the coronavirus pandemic, the demand for pickup trucks...

Thursday, November 5, 2020, 01:32:00 PM

NDP Walks From Supply And Confidence Agreement With Liberals

Canada’s New Democratic Party has announced the termination of its supply and confidence agreement with...

Wednesday, September 4, 2024, 01:06:15 PM