In tumultuous history of finance minister resignations, Freeland's exit stands out

Having a finance minister openly condemn the prime minister's policies on her way out is a fresh level of acrimony in Canadian political history, longtime observers of the country's politics say.

In her resignation letter made public Monday, Freeland wrote that the government should be"eschewing costly political gimmicks," and"keeping our fiscal powder dry," adding that she and Prime Minister Justin Trudeau have been"at odds about the best path forward for Canada." There was also the departure in 2002 of Paul Martin as finance minister from former prime minister Jean Chrétien's government, as Martin prepared to challenge the first minister's leadership.

Blake said he sees a similarity with Lucien Bouchard quitting Brian Mulroney's cabinet in 1990, as the Progressive Conservative prime minister struggled to salvage the Meech Lake constitutional accord. Bouchard declared himself in favour of Quebec sovereignty, and his departure fractured their long friendship.

Woolstencroft said the Freeland departure also stands out in that"it's happening right on our screens, and we're watching it as it happens."

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Canadian business leaders say Freeland's resignation adds uncertainty to trade talksSome business leaders worry the resignation of Finance Minister Chrystia Freeland from the federal cabinet leaves Canada without a “quarterback” at a critical moment for the country’s economy and trade relationships.
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