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Major Shake-Up: Chrystia Freeland Resigns as Canada’s Finance Minister

FILE – Deputy Prime Minister and Finance Minister Chrystia Freeland speaks with reporters in Ottawa, Tuesday, Dec. 10, 2024. (Courtesy: THE CANADIAN PRESS/Adrian Wyld)

Chrystia Freeland’s resignation as Finance Minister signals a significant shake-up in Ottawa, raising questions about the future of Prime Minister Justin Trudeau’s leadership.

In a letter addressed to Justin Trudeau on Monday, Chrystia Freeland stepped down from her role saying that she and the Prime Minister had been at odds about the “best path forward for Canada,” in recent weeks and that she felt she could no longer fulfill her duties in good faith.

Freeland, who was set to deliver her economic statement this morning , also stated in the letter that Trudeau told her he no longer wants her to serve as Finance Minister.

Meanwhile, Freeland outlined her intentions to maintain her position as a member of Parliament and run for re-election in her Univertsity–Rosedale riding.

“I look forward to continuing to work with my colleagues as a Liberal Member of Parliament, and I am committed to running again for my seat in Toronto in the next federal election,” the letter concluded.

Freeland expressed concern from U.S. President-elect Donald Trump’s threat to place steep tariffs on Canadian goods entering the United States.

“Our country today faces a grave challenge. The incoming administration in the United States is pursuing a policy of aggressive economic nationalism…we need to take that threat extremely seriously,” Freeland continued.

The prime minister has yet to publicly respond to Freeland’s resignation.

Also, Monday morning, Housing Minister, Sean Fraser said he won’t seek re-election in 2025.

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