Monday, September 15, 2025

Latest

Trudeau’s Outreach to Carney Raises Questions About Freeland’s Position

Prime Minister Justin Trudeau’s reported discussions with former central banker Mark Carney about a potential government role have ignited fierce debate in Parliament about Finance Minister Chrystia Freeland’s position, according to the Globe and Mail.

The newspaper reported Thursday that three sources confirmed renewed talks between Trudeau’s office and Carney, with two sources describing the discussions as serious and indicating that the finance minister position would be the only role Carney would consider. These discussions come just days before Freeland is set to present the fall economic update.

The revelation sparked heated exchanges in Question Period, with Conservative MPs accusing Trudeau of undermining Canada’s first female finance minister. Conservative MP Michelle Rempel Garner criticized the potential appointment of “an unelected, conflict-of-interest-riddled man” to the role.

The timing is particularly sensitive as Freeland recently indicated that government spending might exceed her self-imposed April benchmark of keeping the deficit under $40.1 billion. A BMO Economics report suggests these targets are now unreachable.

Freeland’s and Trudeau’s offices have also reportedly been feuding about the GST holiday, but Freeland has since denied these reports, saying earlier in the week that the two officials are “united.”

Read: Freeland’s and Trudeau’s Offices Clash Over GST Holiday Plan

Meanwhile Carney, who currently serves on the board of financial-services company Stripe and leads a Liberal Party economic growth task force, has maintained ambiguity about his political ambitions. During a parliamentary committee appearance Thursday, Stripe CEO Patrick Collison said that Carney had not disclosed any discussions about joining the government.

Both Trudeau and Freeland were absent from the House during the debates. Only Fisheries Minister Diane Lebouthillier explicitly defended Freeland, praising her work on child-care policies and benefits. 

The Finance Minister’s parliamentary secretary, Rachel Bendayan, deflected criticism by highlighting recent positive economic indicators, including inflation being within target range and the Bank of Canada’s latest interest rate decision.

The final deficit numbers are expected in Monday’s fall economic statement.


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.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Trudeau’s Exit, Parliament Prorogation Leave Canadian Taxpayers in Limbo Amid Capital Gains Crisis

Prime Minister Justin Trudeau’s unexpected decision to step down and prorogue Parliament has thrown the...

Tuesday, January 7, 2025, 11:29:00 AM

Freeland Laughed At During Fall Economic Statement 2023 As Debt Servicing Costs Soar

Deputy Prime Minister and Finance Minister Chrystia Freeland presented the fall economic statement on Tuesday,...

Wednesday, November 22, 2023, 10:37:00 AM

Canada Posts Trade Deficit of $1.1 Billion Amid Higher Imports

Following what were two consecutive months of trade surpluses, Canada’s merchandise trade balance has reverted...

Tuesday, May 4, 2021, 03:40:00 PM

Is Chrystia Freeland No Longer on the WEF Board of Trustees?

The World Economic Forum (WEF) is missing one member of its board of trustees on...

Thursday, November 30, 2023, 04:29:00 PM

Canadian GDP Unexpectedly Falls 1.1% in Q2, Fueling Concerns of Economy’s Resilience

Canada’s economy unexpectedly contracted in the second quarter, giving rise to concerns over the strength...

Monday, September 6, 2021, 01:08:00 PM