Canada's Finance Minister Chrystia Freeland Resigns
Canada's Finance Minister Chrystia Freeland Resigns

Canada's Finance Minister Chrystia Freeland Resigns

News summary

Chrystia Freeland has resigned from her position as Canada's Minister of Finance, following a request from Prime Minister Justin Trudeau to take on a lesser role. Her resignation, effective immediately, comes as she expressed serious concerns over the impending threat of 25% tariffs from the incoming U.S. administration under President-elect Donald Trump, which she believes could lead to a tariff war detrimental to Canadian affordability. Freeland's letter criticized the government's recent spending strategies and indicated a growing rift between her and Trudeau regarding economic policy. The resignation has heightened political tensions, with the NDP calling for Trudeau's resignation and suggesting that all options to withdraw support are on the table. Freeland's departure leaves Trudeau without a key ally in a critical period, as his government faces low approval ratings and potential challenges ahead of the next election.

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