FILE PHOTO: Canada's Deputy Prime Minister Chrystia Freeland attends a news conference as efforts continue to help slow the spread of coronavirus disease in Ottawa, Ontario, Canada March 23, 2020. REUTERS/Blair Gable/File PhotoOTTAWA: Canadian Prime Minister Justin Trudeau on Tuesday will tap Deputy Prime Minister Chrystia Freeland, a former journalist and his most trusted ally, to be his new finance minister after Bill Morneau resigned, a government source told Reuters.
Freeland, who is considered Trudeau's most likely successor as Liberal Party leader, spearheaded the negotiation of the United States-Mexico-Canada trade pact as Canada's foreign minister and minister for international trade in Trudeau's previous cabinet. "Freeland does not have the business background of her predecessor, but she managed the ministry of foreign affairs file remarkably well, including dealing with the difficult renegotiation of free trade with the United States," said Craig Alexander, chief economist with Deloitte Canada."Markets will likely anticipate that the new minister of finance will work exceedingly well with the prime minister," Alexander said.
Freeland also holds the intergovernmental affairs portfolio, which now probably will have to be given to someone else.
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