Canada's Trudeau says he has confidence in finance minister after report of policy clash

FILE PHOTO: Canada's Prime Minister Justin Trudeau attends a news conference at Rideau Cottage, in Ottawa, Ontario, Canada July 13, 2020. REUTERS/Blair Gable/File PhotoShare this contentOTTAWA/TORONTO: Canadian Prime Minister Justin Trudeau on Tuesday said he had"full confidence" in Finance Minister Bill Morneau amid reports of a clash over policy between the two men, who also both face an ethics probe.

The Globe said Morneau was unhappy about how much money Trudeau wanted to spend to deal with the outbreak. Morneau is under pressure over his failure to promptly repay travel expenses covered for him by a charity at the heart of an ethics investigation. Although Morneau apologized, opposition legislators say he must resign.

"The bus has been rolling toward Mr. Morneau for weeks. Market participants understand that he has become a major political liability," said Karl Schamotta, chief market strategist at Cambridge Global Payments.

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