The new minister of finance who will replace Chrystia Freeland following her resignation is set to be sworn in on Monday afternoon.
Earlier on Monday, Freeland advised Trudeau in a letter that she would step down from her role in the cabinet. She wrote that the only “honest and viable path” was for her to resign after she said Trudeau advised her he no longer wanted her to serve as finance minister .Department of Finance officials confirmed just after 1:30 p.m. Eastern that the statement is still being delivered as expected at 4 p.m.
That included over recent financial decisions, saying the tariff threat from the incoming administration of U.S. president-elect Donald Trump meant the country needed to keep “our fiscal powder dry.”
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