Deputy Prime Minister Chrystia Freeland announced Monday morning she will step down from her position as finance minister and will resign from cabinet.
Freeland confirmed the move via a letter to Prime Minister Justin Trudeau, which was posted to her X (formerly Twitter) account. Freeland said Trudeau told her Friday that he no longer wanted her as Finance Minister and offered her another position on cabinet.
“Upon reflection,” Freeland wrote, “I have concluded that the only honest and viable path is for me to resign from the cabinet.”
She cited the threat of 25 per cent tariffs from U.S. President-Elect Donald Trump as one of the most dire economic threats facing Canada, an issue which has Canadian farmers facing an uncertain year ahead.
Freeland’s announcement comes only a day after Housing Minister Sean Fraser also announced he would be stepping down from cabinet.
