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

SSR Mining Walks Away From a World Class Gold-Copper Project

Why More Canadians Are Starting to Think About Leaving | Jesse Day

Instead of Waiting, This Gold Developer Went Bigger | Kenneth McLeod – Sonoro Gold

Recommended

Selkirk Copper Caps Phase 1 With High Grade Hits Across Five Targets, New Lens at Depth

Cambria Gold Builds Out Mt. Margaret Team Ahead of Planned U.S. Spinout

Related News

RCMP Warns of Potential Unrest as Living Standards Decline Across Canada

The Royal Canadian Mounted Police has issued a sobering forecast that warns of potential social...

Monday, March 18, 2024, 02:37:00 PM

Canada’s Unemployment Rate Rises to 6.6% in August Amid Mixed Job Market

Canada’s unemployment rate climbed to 6.6% in August, marking the highest level since May 2017...

Friday, September 6, 2024, 11:00:59 AM

Canada Poised to Mandate Zero-Emission Cars by 2035 in New Electric Vehicle Standard

Canada is set to announce new regulations requiring all new cars to be zero-emission vehicles...

Monday, December 18, 2023, 04:33:00 PM

Canada’s Economy Expanded by 0.1% in December Amid Tightened Covid-19 Restrictions

The Canadian economy continues to slowly expand, following a pandemic-ravaged year that plunged GDP levels...

Tuesday, March 2, 2021, 04:07:00 PM

Canada Plans Immigration Measures to Attract H-1B Workers

Canadian Prime Minister Mark Carney said Saturday his government will soon introduce measures to attract...

Monday, September 29, 2025, 12:17:00 PM