Trudeau taps LeBlanc as finance minister after Freeland resigns: source

  • 📰 timescolonist
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

OTTAWA — Public Safety Minister Dominic LeBlanc will be sworn in as finance minister this afternoon, a senior government official has confirmed.

The official, who was not authorized to speak publicly about the appointment, says LeBlanc will be sworn in as finance minister at a ceremony at Rideau Hall at 4 p.m. and that Prime Minister Justin Trudeau will be present.

"We need to take that threat extremely seriously. That means keeping our fiscal powder dry, so we have the reserves we may need for a coming tariff war. That means eschewing costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment."

Singh called on Trudeau to step down as Liberal leader, saying Canadians are struggling with the cost of living and face Trump's dangerous tariff threats, while the Liberals are"fighting themselves instead of fighting for Canadians." Liberal MP Chad Collins, who signed a letter in October with 23 of his Liberal caucus colleagues calling on Trudeau to step down, re-upped his demand, and so too did vocal Liberal dissenter Wayne Long.

The surprise move threw into question whether that fiscal update would even go ahead as planned — and if so, who would deliver it. Treasury Board President Anita Anand told reporters outside the cabinet room Monday that Freeland is a good friend to her and that"this news has hit me really hard."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Minister Chrystia Freeland quits cabinet, LeBlanc to replace herIn a stunning move, Deputy Prime Minister and Finance Minister Chrystia Freeland announced Monday she's resigning from Justin Trudeau's cabinet, after the prime minister told her he no longer wanted her in the top economic post.
Source: CTVNews - 🏆 1. / 99 Read more »