Deputy Prime Minister and Finance Minister Chrystia Freeland has announced she’s resigning from Prime Minister Justin Trudeau’s cabinet, after she says he told her he no longer wanted her in the top economic post.
Freeland, who also serves as the federal finance minister, confirmed the news in a letter released Monday morning.
“In making your decision, you made clear that I no longer credibly enjoy that confidence,” she added, addressing the prime minister directly. In the letter, Freeland notes the looming tariff threat from president-elect Donald Trump and makes the case for that being why Canada needs to keep its “fiscal powder dry,” and why the government should be “eschewing costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment.”
She’s been in the high-ranking posts as the country grappled with an affordability crisis and high interest rates, and remained steadfast in her economic management amid pushback from some economists were critical of what they characterized as inflationary federal spending. A few months later, the Liberal Party announced that Carney was joining as a special adviser to serve the chair of a leader’s task force on economic growth.
She was considered a star candidate at the time, having written books focused on foreign affairs, income inequality and eastern Europe, one of which was a New York Times bestseller.
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