Canada's Finance Minister Chrystia Freeland resigned unexpectedly, citing a policy disagreement with Prime Minister Justin Trudeau over his plans for increased government spending. Her departure happens just hours before presenting a crucial economic update.
Canada’s Finance Minister Chrystia Freeland unexpectedly resigned due to disagreements with Prime Minister Justin Trudeau, criticizing his proposed spending increases as "political gimmicks."
Her resignation came just hours before she was scheduled to present a fall economic update, which was expected to reveal a larger-than-anticipated budget deficit for 2023/24 under the minority Liberal government.
Freeland, 56, who also served as deputy prime minister, stepped down, leaving Trudeau without an important ally in his cabinet as polls suggest his party may face a heavy loss in the upcoming election.
In her resignation letter posted on X, Freeland stated, "For the last number of weeks, you and I have found ourselves at odds over the best path forward for Canada."
Freeland had served as finance minister since August 2020. Trudeau’s office did not immediately respond to her departure.
Reports indicated that Freeland and Trudeau had disagreed over proposals for temporary tax breaks and additional spending measures.
To fill the role, Trudeau appointed his close ally, Dominic LeBlanc, the public safety minister, who had recently joined him at a dinner with Donald Trump at Mar-a-Lago.
LeBlanc, after being sworn in, emphasized that he and Trudeau are prioritizing addressing the rising cost of living for Canadians and strengthening ties with Trump on issues like border security and economic policies.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25 January, covering the latest developments you need to know.
Canadian Prime Minister Mark Carney said on Sunday that his government has no intention of pursuing a free trade agreement with China, pushing back against claims by President Donald Trump, who has threatened to impose sweeping tariffs on Canadian goods if Ottawa deepens trade ties with Beijing.
U.S. President Donald Trump said on Friday that Canada is opposing the possible construction of his proposed ‘Golden Dome’ missile defence system over Greenland, despite what he claimed would be security benefits for Canada.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Dmitry Medvedev, said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
Iran’s Supreme Leader Ayatollah Ali Khamenei has warned that any U.S. military attack on Iran would spark a wider regional conflict, Iranian semi-official Tasnim news agency reported on Sunday.
U.S. president Donald Trump said Iran is “seriously talking” with the United States and expressed hope that negotiations could lead to an outcome acceptable to Washington.
France has approved its 2026 budget after Prime Minister Sebastien Lecornu survived two no-confidence votes in the National Assembly on Monday, ending months of political tension that had unsettled investors.
U.S. President Donald Trump on Monday announced a new trade agreement with India that will see Washington reduce tariffs on Indian imports, after New Delhi pledged to stop buying Russian oil and increase purchases from the U.S. and potentially Venezuela.
Yanis Varoufakis delivered a blunt assessment: the European Union has missed every major chance to reform, poisoned its own democratic debate and is now entering a prolonged period of structural decline.
The Kremlin has confirmed that the next round of trilateral talks between Ukraine, Russia and the United States will be held in Abu Dhabi on 4–5 February, after the meeting was postponed last week to align the schedules of all delegations.
Hungary has vowed legal action against the European Union over a planned ban on Russian gas imports by 2027, after Brussels said national objections would not override EU law.
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