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Market Chatter: Fin Min and Deputy PM Chrystia Freeland Resigns
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Market Chatter: Fin Min and Deputy PM Chrystia Freeland Resigns
Dec 16, 2024 7:45 AM

10:23 AM EST, 12/16/2024 (MT Newswires) -- 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, CTV News is reporting Monday

In a letter posted to social media on Monday morning, Freeland said this decision came after Trudeau offered her "another position in Cabinet."

The two have found themselves "at odds about the best path forward for Canada," she wrote, an assertion she had sought to downplay in recent days as reports of fraying tensions between the two top Liberals re-emerged.

"Upon reflection, I have concluded that the only honest and viable path is for me to resign from the cabinet," Freeland said in the bombshell letter. "To be effective, a minister must speak on behalf of the prime minister and with his full confidence. In making your decision, you made clear that I no longer credibly enjoy that confidence."

Freeland says she will stay on as a Liberal MP and is "committed" to running again in the next election.

This move comes hours before Freeland is set to table the fall economic update.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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