Official announcement from the Liberal Party of Canada

Chrystia Freeland Resigns as Canada's Finance Minister After Demotion, Commits to Run in 2025

Dec 16, 2024, 02:16 PM

Chrystia Freeland has resigned as Canada's Finance Minister following a demotion offer from Prime Minister Justin Trudeau. In her resignation statement, Freeland expressed that she found herself at odds with Trudeau regarding the best path forward for Canada. Despite stepping down from her cabinet position, Freeland confirmed her commitment to run again in the University–Rosedale riding during the 2025 election. The resignation occurs amid declining support for the Liberal Party in Quebec, leading to speculation about the stability of Trudeau's government. Freeland's departure marks a significant shift in the cabinet, as she was a prominent figure in managing Canada's economic policies, particularly in relation to the challenges posed by the U.S. economy under President Trump.