Canadian business leaders say Freeland's resignation adds uncertainty to trade talks

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 54 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 50%

Business News

Politics

Some 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.

Sammy Hudes, The Canadian PressJohn Manley, former finance minister and former deputy prime minister, chair of Jefferies Securities and senior advisor of Bennett Jones, gives his thoughts onfrom the federal cabinet leaves Canada without a “quarterback” at a critical moment for the country’s economy and trade relationships.

Freeland’s resignation letter, which she posted to social media Monday, warned Canada faces a grave challenge with the incoming Trump administration in the U.S. and its threat of tariffs, noting Ottawa needs to take the threat seriously while “eschewing costly political gimmicks.” Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, says the federal government is now missing its “most experienced and competent hand we have in Canada-U. S. relations at the time when we need it the most.”Volpe commended Freeland’s approach during renegotiations of the North American Free Trade Agreement during the first Trump administration, saying she brought a “steady hand” and a willingness to involve industry stakeholders in talks.

Goldy Hyder, president and CEO of the Business Council of Canada, says Freeland’s decision to step aside “brings into question whose interests the federal government is looking out for.” He says Freeland’s public comments cast doubt on the government’s motives at “a very serious time in the life of our country.”

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:

 /  🏆 83. in US
 

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

United States United States Latest News, United States United States Headlines

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

Trudeau has ‘maligned’ Freeland, Canada’s 1st female finance minister: Rempel GarnerSpeaking in the House of Commons Thursday, Conservative MP Michelle Rempel Garner said Trudeau had 'maligned Canada's first female finance minister,' pointing to a reported rift between Trudeau and Deputy Prime Minister and Finance Minister Chrystia Freeland.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Fiscal update in limbo after Freeland quits as finance ministerOTTAWA — The Liberal government's plans to unveil a fall economic update today have been thrown into disarray by the finance minister's abrupt resignation.
Source: PGCitizen - 🏆 65. / 51 Read more »

Finance Minister Chrystia Freeland quits cabinet the day of fall economic statementOTTAWA — Finance Minister Chrystia Freeland has resigned from cabinet on the day she is set to present the government's fall economic statement.
Source: SooToday - 🏆 8. / 85 Read more »

Finance minister Chrystia Freeland quits cabinet hours before economic updateDeputy Prime Minister and Finance Minister Chrystia Freeland has announced she's resigning from cabinet. In a letter to Prime Minister Justin Trudeau posted to social media, Freeland said this decision came after Trudeau offered her another position.
Source: CTVNews - 🏆 1. / 99 Read more »

Finance Minister Chrystia Freeland quits cabinet the day of fall economic statementOTTAWA — Finance Minister Chrystia Freeland has resigned from cabinet on the day she is set to present the government's fall economic statement.
Source: timescolonist - 🏆 15. / 75 Read more »

Fiscal update in limbo after Freeland quits as finance ministerOTTAWA — The Liberal government's plans to unveil a fall economic update today have been thrown into disarray by the finance minister's abrupt resignation.
Source: SooToday - 🏆 8. / 85 Read more »