Jim Flaherty resigns as Finance Minister after eight years


Jim Flaherty, Canada’s Finance Minister for the past eight years and the man who steered the country through the economic crises in 2008-2009 has submitted his resignation to Prime Minister Stephen Harper. Natural Resources Minister Joe Oliver is expected to become the new Finance Minister.

In his resignation letter Mr Flaherty said “Yesterday, I informed the Prime Minister that I am resigning from Cabinet. This was a decision I made with my family earlier this year, as I will be returning to the private sector”.

He made it clear that his resignation was not due to his recent illness saying, “As many of you know, I faced a health issue over this past year. I have received much support and good wishes from Canadians across the country and for that, I am thankful. I am happy to report that I am on the road to a full recovery and the decision to leave politics was not related in any way to my health. This decision was made because it is the right one for me and my family at this time”.

He stressed that “Now, I will focus on life beyond politics as I return to the private sector. I believe that I have served my country, province and constituents of Whitby-Oshawa to the best of my abilities and thank them for their continued trust and support for almost two decades”.

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