Chrystia Freeland Appointed New Canada’s Finance Minister

Canada’s Prime Minister Justin Trudeau has appointed Chrystia Freeland as the new finance minister. Following the appointment Trudeau also promised to put new bold measures in place which will help the country recover from the pandemic.

Former finance minister, Bill Morneau, resigned on August 18 after some differences with the Prime Minister. One day after his resignation Freeland aged 52 replaced him. She also adds up as Trudeau’s deputy and his friend.

Following this appointment, Freeland has become the first ever Canada’s female finance minister. She is also a former journalist additionally she has also served as foreign minister.

During her tenure as the foreign minister, Freeland led negotiations among United States, Mexico and Canada (USMCA) trade pact held in 2017 and 2018. Many political analysts are vouching Freeland most likely to succeed Trudeau as Liberal Party leader.

First task at hand for the incoming finance minister will be to revive Canada’s economy which has been left with a budget deficit of C$343.2 billion ($253.4 billion) in current fiscal year due to the coronavirus pandemic.

We need a long term plan for recovery, a plan that addresses head-on the fundamental gaps that this pandemic has unmasked,” said the Prime Minister.

The deputy prime minister and now finance minister equally held similar views as the prime minister “the restart of our economy needs to be green. It also needs to be equitable and inclusive,” said Freeland.

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