Markets not ‘concerned’ with Freeland as Canada’s new finance minister, experts say

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Freeland, 52, takes over from Bill Morneau, a multi-millionaire businessman with an MBA and an economics degree, who resigned on Monday amid friction with Prime Minister Justin Trudeau over spending policies.

The Canadian dollar notched a seven-month high at 1.3147 per U.S. dollar, or 76.06 U.S. cents, as the greenback broadly declined, while Canada’s 10-year yield eased 2.2 basis points to 0.562 per cent.

“Markets weren’t concerned … because there were so many reports that you’ve got these heavy-hitting economists sitting in undisclosed high positions of power,” said Simon Harvey, FX market analyst for Monex Europe and Monex Canada.Trudeau prorogues Parliament, Freeland new Finance Minister Her views should not come as a surprise to followers of Trudeau’s policies. Striving towards “inclusive economic growth” has long been a platform of the current Liberal government, said Craig Alexander, chief economist at Deloitte Canada.Alexander added that while a finance minister may support addressing economic and social challenges, they must also “manage the public purse.

“This is a fiscally activist government to begin with,” said Scotiabank economist Derek Holt. “The direction of the risks is towards more fiscal activism as opposed to less going forward.”

 

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... a journo with little corporate experience ... what could go wrong? ...

Congrats, Ms. Freeland, I hope you are successful in your new post. We sure need some reining in though I think.

I am. What are her qualifications again?

Every single Canadian is concerned about the greasy switcharoo with the new finance minister!

TRUDEAU'S PUPPET IS GONE . WHAT HAPPENS NOW? JUST ANOTHER KICK IN THE HEAD TO HANDICAP AND DISABLED CANADIANS

When the media is the wind beneath your wings. Liberals can do no wrong.

The fact that that had to be checked...

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