With a photo of himself waving goodbye, Canada's Finance Minister tweeted: "It has been an honour to serve Canada. Thank you for the opportunity." after resigning his cabinet post.
Photo Credit: Twitter/Jim Flaherty

Canada’s Finance Minister Jim Flaherty resigns, replacement named next day

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Saying he was “fulfilled” with what Canada’s Conservative government had accomplished, Finance Minister Jim Flaherty announced his resignation Tuesday (March 18) saying he was returning to the private sector.

After speaking to the Prime Minister, Flaherty tweeted: “It has been an honour to serve Canada. Thank you for the opportunity.” and included a photo of him waving goodbye.

Ever since the election of the Conservative government of Prime Minister Stephen Harper in 2006, Flaherty has been the Finance Minister. And he, with the Prime Minister, have touted the government’s success in protecting the Canadian economy since the recession of 2008/9.

In a statement on the resignation Tuesday, the Prime Minister said: “It is with great reluctance that today I accepted the resignation from Cabinet of Jim Flaherty, Minister of Finance, so that he can eventually return to the private sector… In the coming days I will announce Minister Flaherty’s replacement.”

The next day, Natural Resources Minister Joe Oliver was sworn in as Finance Minister.

RCI’s Wojtek Gwiazda has a report.

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More information:
Postmedia News – ‘Deficit Jim’ Flaherty, credited as steady finance minister, resigns – here
Globe and Mail – Flaherty’s fatal flaw: An opaque approach to policy – here
Toronto Star – Jim Flaherty’s departure had been signalled for months – here
CBC News – Joe Oliver’s move to Finance means small cabinet changes – here

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Categories: Economy, Politics
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