Finance Minister Shocks Canada by Quitting Amid Rift Over Fiscal Policy and Trump

Departure of PM’s deputy shakes Trudeau administration
She stressed need to keep fiscal powder dry, avoid ‘gimmicks’

WATCH: Canadian Finance Minister Chrystia Freeland resigned, publishing a critical letter that weakened Prime Minister Justin Trudeau’s administration. Bill Faries breaks down the situation.Source: Bloomberg

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By Brian Platt

December 16, 2024 at 2:23 PM UTC

Updated on

December 16, 2024 at 6:38 PM UTC

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Finance Minister Chrystia Freeland resigned from Prime Minister Justin Trudeau’s cabinet because of differences over how to prepare for the Trump administration, a political earthquake that shakes Canada’s government to its core.

Freeland has been the most powerful person serving under Trudeau for years and also held the title of deputy prime minister. After Donald Trump won the US presidential election, the prime minister appointed her to lead a cabinet group developing a strategy on how to respond to US policies.