'It is the right time for a new finance minister.' Bill Morneau announces he is stepping down. Full story:
Morneau, who has held the post for five years, announced his resignation Monday evening in a press conference from Ottawa. He will give up both his cabinet role and his seat as member of Parliament for Toronto Centre.
Morneau denied he was asked to quit and said that he had come to the conclusion he wasn’t the “most appropriate person” for the job of finance minister. Reports have swirled that Trudeau and Morneau were at odds over the charity scandal, environmental initiatives, and pandemic relief spending. Morneau has been in the crosshairs of opposition parties since the WE Charity scandal broke last month.
Morneau said he made an “error” and intended to cover the cost of the trips. He then cut a cheque for $41,000.
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