Canadian finance minister could walk the plank. Mark Carney could be tapped

Read full post at forexlive.com

A
report
in
the
Globe
and
Mail
reports
that
the
relationship
between
Canadian
PM
Trudeau
and
finance
minister
Chrystia
Freeland
has
become
tense
and
that
a
cabinet
shuffle
could
be
coming.

“Senior
officials
in
Prime
Minister
Justin
Trudeau’s
office
are
concerned
that
Finance
Minister
Chrystia
Freeland
has
not
been
effective
in
delivering
an
upbeat
economic
message
as
the
Liberal
government
struggles
to
reconnect
with
Canadians
amid
low
approval
ratings,
sources
say,”
the
report
says.

The
Prime
Minister
is
polling
dreadfully
but
doesn’t
have
to
call
an
election
until
November
2025
so
long
as
the
left-wing
NDP
continues
to
support
his
Liberal
party.

The
report
(and
another
one
in
the
Toronto
Star)
says
that
former
BOC
and
BOE
Governor
Mark
Carney
could
be
tapped
to
replace
Freeland.
He’s
not
an
MP
but
neither
was
Michael
Wilson,
who
served
as
Minister
of
Finance
from
1984
to
1991
under
Prime
Minister
Brian
Mulroney.
Wilson
was
first
unelected
and
held
the
position
but
was
later
elected
in
a
by-election.

I
strongly
suspect
that
Carney
could
have
the
position
if
he
wanted
it
but
I’m
not
sure
he
wants
to
latch
himself
to
a
ship
that’s
surely
sinking.
However
he
may
be
seduced
by
freedom
to
craft
a
new
budget
that
marks
a
different
path
and
would
set
himself
up
to
succeed
Trudeau.