TORONTO — Canada's main stock index was down more than 100 points Monday as market watchers digested a surprise resignation by the federal finance minister just hours before she was due to deliver the fall economic statement.
Finance Minister Chrystia Freeland resigned from her cabinet post Monday morning, saying she and the prime minister have found themselves at odds about the best path forward for Canada. The fall economic statement, released late Monday afternoon, showed a $61.9-billion deficit, much larger than the cap the government previously promised to keep.
“We're seeing pretty choppy, pretty volatile markets that don't have a clear direction as they ... wait for further clarification.”
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