Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Canadian PM Trudeau has full support of cabinet, new finance minister says

by
December 19, 2024
in Economy
0
Canadian PM Trudeau has full support of cabinet, new finance minister says

By David Ljunggren

OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau, who is mulling his future amid a major political crisis, has the full support of his cabinet to stay on, new Finance Minister Dominic LeBlanc said on Thursday.

Trudeau’s minority Liberal government was plunged into crisis this week after Chrystia Freeland, the previous finance minister, resigned amid a policy clash over spending and wrote a letter condemning his governing style.

Around 15 Liberal legislators are openly calling on Trudeau to quit amid polls showing the party is set to be crushed in an election that must be held by October next year.

Asked whether Trudeau had the full confidence of the cabinet to stay on as prime minister, LeBlanc replied “Yes.” He was speaking at an event in Atlantic Canada.

Justice Minister Arif Virani though did not answer directly on Thursday when pressed repeatedly by reporters about whether Trudeau should go.

“Decisions will be made in Ottawa by the actors that are involved,” he said in Toronto.

LeBlanc is also acting as Public Safety Minister and a number of other ministers are temporarily working in more than one role as a result of recent departures. Trudeau will shuffle his cabinet on Friday, domestic media reported.

Trudeau met unhappy legislators on Monday after Freeland quit and LeBlanc reiterated that the prime minister would be reflecting on what he had heard.

The leadership crisis comes at a time when Canada is bracing for the new U.S. administration of President-elect Donald Trump to go through with a promise to impose 25% tariffs on all Canadian imports, which would plunge the economy into recession.

Leaders of the 10 provinces, who stress the need for a united Canadian response, are complaining about what they see as chaos in Ottawa.

“I’m confident that the government will remain focused on the work that Canadians want us to focus on,” said LeBlanc.

“Canadians would understandably, I think, be impatient with a government that looks at itself all the time. We shouldn’t be looking inward.”

Freeland rejected Trudeau’s offer of a role as chief coordinator of relations with the United States.

Flavio Volpe, president of the Canadian Automotive Parts Manufacturers’ Association, said someone had to be in charge of the U.S. file and that person could not be Trudeau.

“We need a quarterback – I don’t know who that is. It’s a very important question needs to be answered within the next few weeks,” he told the Canadian Broadcasting Corp.

Virani noted that Canada had successfully renegotiated the trilateral trade pact it has with Mexico and the United States in 2017 and 2018 after Trump came to power with a threat to tear up the deal.

“So this should give Canadians confidence that we are equal to the task and we can do this once again,” he said.

This post appeared first on investing.com
Previous Post

Explainer-What is a government shutdown and what is the debt ceiling?

Next Post

IMF says Fed taking appropriate action on rates given high US uncertainty

Next Post
IMF says Fed taking appropriate action on rates given high US uncertainty

IMF says Fed taking appropriate action on rates given high US uncertainty

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

January 27, 2025
Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

September 11, 2025
Country artist shares why he’s throwing his star power into race to replace top Republican

Country artist shares why he’s throwing his star power into race to replace top Republican

September 11, 2025
Pastor recalls last moments with Charlie Kirk: ‘American martyr’

Pastor recalls last moments with Charlie Kirk: ‘American martyr’

September 11, 2025
Trump administration ramps up pressure on Labor Department with data probe

Trump administration ramps up pressure on Labor Department with data probe

September 11, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

    Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

    September 11, 2025
    Country artist shares why he’s throwing his star power into race to replace top Republican

    Country artist shares why he’s throwing his star power into race to replace top Republican

    September 11, 2025
    Pastor recalls last moments with Charlie Kirk: ‘American martyr’

    Pastor recalls last moments with Charlie Kirk: ‘American martyr’

    September 11, 2025
    Trump administration ramps up pressure on Labor Department with data probe

    Trump administration ramps up pressure on Labor Department with data probe

    September 11, 2025

    Top News

    Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

    Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court

    September 11, 2025
    Country artist shares why he’s throwing his star power into race to replace top Republican

    Country artist shares why he’s throwing his star power into race to replace top Republican

    September 11, 2025

    Latest News

    • Ryan Routh chastised during opening statements in federal trial for ‘making a mockery’ of the court
    • Country artist shares why he’s throwing his star power into race to replace top Republican
    • Pastor recalls last moments with Charlie Kirk: ‘American martyr’

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.