OTTAWA, AUGUST 17: Canada’s Finance Minister Bill Morneau has said that he is resigning from his post and leaving politics.
Morneau, who has faced pressure after conflict-of-interest allegations involving WE Charity, also stepping down as MP for Toronto Centre.
There have been reports of differences between Morneau and Prime Minister Justin Trudeau. Addressing the media on Monday, Morneau said he was not asked to resign but he is no longer the appropriate person for the job. He added that the WE scandal did not prompt his decision to resign.
“I met with the Prime Minister today to inform him that I did not plan to run again in the next election. It has never been my plan to run for more than two federal election cycles,” he said.
According to speculations, Mark Carney, a former governor of both Bank of Canada and Bank of England, who is advising Trudeau during the pandemic, may replace Morneau.