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Business News/ News / World/  Canada finance minister Bill Morneau announces his resignation
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Canada finance minister Bill Morneau announces his resignation

Canada's finance minister Bill Morneau announced his resignation Monday
  • His resignation comes amid a reported split with Prime Minister Justin Trudeau over pandemic spending
  • A file photo of Canada's Finance Minister Bill Morneau.Premium
    A file photo of Canada's Finance Minister Bill Morneau.

    Canada's finance minister, Bill Morneau, announced his resignation Monday, on the heels of an ethics scandal and amid a reported split with Prime Minister Justin Trudeau over pandemic spending.

    "As we move to the next phase of our fight against the pandemic and pave the road towards economic recovery, we must recognize that this process will take many years, it's the right time for a new finance minister to deliver on that plan for the long and challenging road ahead," Morneau told a news conference.

    "That's why I'll be stepping down as finance minister, and as member of Parliament," he said.


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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 18 Aug 2020, 05:38 AM IST
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