Part 2/7:
Freeland's resignation, which coincided with her scheduled presentation of a fall economic update, underscores deepening rifts within Trudeau’s administration. The update is anticipated to reveal a larger-than-expected budget deficit for the 2023-2024 fiscal year, which may further complicate the government’s financial credibility. Freeland has been a prominent ally of Trudeau’s, making her departure all the more significant. In her resignation letter, she not only criticized the political gimmicks advocated by Trudeau but also highlighted the serious economic challenges facing Canada, particularly in light of Donald Trump's looming threats of tariffs on Canadian imports.