Canada’s finance minister resigns


Shady Salah – Media in Toronto
Finance Minister, Bill Morneau, resigned Monday evening, saying someone else should guide the country through a long and bumpy economic recovery from the COVID-19 pandemic. Morneau said he had considered leaving his role as finance minister for
some time, adding that he never intended to run for a third term as an MP. Morneau said he is putting his name forward as a candidate to be the next secretary general of the Organization for Economic Co-operation and Development (OECD).
He denied he was asked to quit or was otherwise forced out. Instead, he said that he had come to the conclusion he was no longer the “most appropriate person” for the job of finance minister because he wasn’t going to be there for the long haul.
Prime Minister, Justin Trudeau, issued a statement following the resignation, saying “Today, I spoke with Bill Morneau and accepted his resignation. Since the day he was first elected and became Canada’s Finance Minister nearly five years ago, Bill has worked relentlessly to support all Canadians and create a resilient, fair economy that benefits everyone. Under his leadership, Canada developed a strong economy with one of the best balance sheets in the G7, created over one million jobs, achieved the lowest unemployment rate in recorded history, lifted over one million people out of poverty, and created a coherent plan to protect the environment while growing the economy. Bill played a central role in transformational projects like the enhancement of the Canada Pension Plan and the creation of the Canada Child Benefit, which are improving the lives of millions of Canadian families.” Reports have swirled for weeks that Trudeau and Morneau were at odds over the charity scandal, environmental initiatives, and pandemic relief spending. Morneau has been in the crosshairs of opposition parties since the WE Charity scandal broke last month.

Comments are closed, but trackbacks and pingbacks are open.