The Latest: Freeland leaves cabinet, fall economic statement in limbo

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The Latest: Freeland leaves cabinet, fall economic statement in limbo
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OTTAWA — Chrystia Freeland has resigned from cabinet as finance minister on the same day she was expected to deliver the government's fall economic statement, leaving the government of Prime Minister Justin Trudeau roiling. Here's the latest.

OTTAWA — Chrystia Freeland has resigned from cabinet as finance minister on the same day she was expected to deliver the government's fall economic statement, leaving the government of Prime Minister Justin Trudeau roiling.Facing a barrage of questions outside the meeting room, Industry Minister François-Philippe Champagne says the situation is serious but it’s time to focus on the “best interest of Canadians.

It remains unclear if another cabinet minister will step in and present the statement or if it will be postponed following Freeland's resignation.At a meeting of Canada's premiers in Toronto today, Ontario Premier Doug Ford is asked if he is concerned about Freeland's resignation. He responds:"We all are."

Going into that meeting, some cabinet ministers appear shaken up by the news of Freeland's departure, including Treasury Board President Anita Anand.Indigenous Services Minister Patty Hajdu says she wishes Freeland"all the best," and that the decision to resign is"difficult and deeply personal."In a political bombshell, Finance Minister Chrystia Freeland announces that she's exiting cabinet.

"We need to take that threat extremely seriously. That means keeping our fiscal powder dry, so we have the reserves we may need for a coming tariff war. That means eschewing costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment."With the government set to present the Fall Economic Statement later in the afternoon, doors open for reporters in Ottawa to enter the embargoed reading of the document.

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