Berliner Boersenzeitung - Major reshuffle as Trudeau faces party pressure, Trump attacks

EUR -
AED 4.067465
AFN 71.990312
ALL 90.627335
AMD 404.431297
ANG 1.982267
AOA 1016.726333
ARS 1710.57938
AUD 1.618319
AWG 1.993581
AZN 1.885599
BAM 1.951914
BBD 2.255104
BDT 139.582093
BGN 1.935801
BHD 0.422399
BIF 3349.448824
BMD 1.107545
BND 1.431386
BOB 13.27906
BRL 6.184308
BSD 1.119667
BTN 105.224999
BWP 15.360735
BYN 3.352428
BYR 21707.879833
BZD 2.25182
CAD 1.579387
CDF 2563.966445
CHF 0.922723
CLF 0.02768
CLP 1089.391844
CNY 7.387712
CNH 7.383974
COP 3633.744028
CRC 506.439696
CUC 1.107545
CUP 26.869503
CVE 110.055817
CZK 24.385893
DJF 199.380138
DKK 7.475377
DOP 67.911228
DZD 151.620647
EGP 59.307255
ERN 16.613173
ETB 182.237045
FJD 2.512077
FKP 0.834016
GBP 0.835438
GEL 2.875558
GGP 0.834016
GHS 13.111375
GIP 0.834016
GMD 81.958112
GNF 9919.191373
GTQ 8.555738
GYD 234.619355
HKD 8.687078
HNL 30.096931
HRK 7.496982
HTG 146.761713
HUF 364.725177
IDR 20197.188604
ILS 3.516289
IMP 0.834016
INR 103.903604
IQD 1697.220851
IRR 2111063.625609
ISK 136.60431
JEP 0.834016
JMD 177.702241
JOD 0.785284
JPY 176.954675
KES 143.936361
KGS 96.854353
KHR 4566.34137
KMF 489.534619
KPW 996.790358
KRW 1475.859262
KWD 0.344856
KYD 0.932943
KZT 499.834834
LAK 25202.439053
LBP 100264.926457
LKR 372.104421
LRD 190.338224
LSL 18.356059
LTL 3.270292
LVL 0.669943
LYD 7.177326
MAD 10.922187
MDL 20.12003
MGA 5066.347521
MKD 61.552219
MMK 2325.539036
MNT 3992.592734
MOP 9.04589
MRU 45.167354
MUR 52.242751
MVR 17.054243
MWK 1941.501024
MXN 20.606424
MYR 4.520889
MZN 70.773444
NAD 18.354157
NGN 1490.467247
NIO 41.201874
NOK 10.597665
NPR 168.360757
NZD 1.991039
OMR 0.425858
PAB 1.119697
PEN 3.815503
PGK 5.028465
PHP 70.506385
PKR 307.425688
PLN 4.411466
PYG 6911.831479
QAR 4.081442
RON 5.346007
RSD 117.612262
RUB 91.993569
RWF 1656.551393
SAR 4.177896
SBD 8.960866
SCR 15.436901
SDG 666.186966
SEK 11.057951
SGD 1.423373
SHP 0.829901
SLE 25.365438
SLL 23224.66743
SOS 639.883773
SRD 41.69459
STD 22923.943087
STN 24.453631
SVC 9.796495
SYP 14400.298304
SZL 18.361018
THB 37.422282
TJS 10.289642
TMT 3.876407
TND 3.336957
TOP 2.666702
TRY 55.661878
TTD 7.592883
TWD 36.472
TZS 2944.030377
UAH 50.925177
UGX 4568.419925
USD 1.107545
UYU 45.303891
UZS 13406.308178
VES 997.333655
VND 28442.306534
VUV 132.84321
WST 3.087613
XAF 655.957
XAG 0.021468
XAU 0.000278102224
XCD 2.993196
XCG 2.017683
XDR 0.783092
XOF 655.957
XPF 119.331742
YER 261.939612
ZAR 18.387073
ZMK 9969.292258
ZMW 22.81264
ZWL 356.629003
SSP 6408.834546
MXV 2.315332
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Major reshuffle as Trudeau faces party pressure, Trump attacks
Major reshuffle as Trudeau faces party pressure, Trump attacks / Photo: Dave Chan - AFP

Major reshuffle as Trudeau faces party pressure, Trump attacks

Canadian Prime Minister Justin Trudeau on Friday shook up his cabinet, changing one-third of his team as political turmoil threatens his leadership and tensions erupt with incoming US president Donald Trump.

Text size:

The reshuffle came at the end of a chaotic week in Ottawa spurred by the surprise resignation of Deputy Prime Minister Chrystia Freeland following disagreement with her boss over Trump's threats to impose sweeping tariffs on Canadian imports.

Her exit, after nearly a decade at Trudeau's side, marked the first open dissent against the prime minister from within his cabinet and has emboldened critics.

Since then, Trudeau has hunkered down with advisors as he reportedly contemplates his own political future amid calls for him to step down ahead of elections scheduled for October 2025 but expected much sooner.

In Friday's reset, eight new ministers were appointed to replace those in the 35-member cabinet who have signaled they will not seek reelection, and to relieve others of their double or triple duties in government.

Four current ministers were also given new responsibilities.

Freeland, who also quit her role as finance minister, has said she would seek reelection next year.

- Behind in the polls -

Trudeau's childhood friend and ally Dominic LeBlanc was already sworn in as the new finance minister hours after Freeland quit.

He also took over the reins from her on negotiating with the incoming Trump administration.

Several cabinet recruits, as they headed into the swearing-in ceremony Friday, declared their confidence in Trudeau.

But part of his caucus has urged him to resign, worried that voter fatigue with his leadership will hamstring the Liberals in the next election.

Trudeau swept to power in 2015 and led the Liberals to two more ballot box victories in 2019 and 2021.

But he now trails by 20 points his main rival, Conservative Pierre Poilievre, in public opinion polls. And his Liberals lost four by-elections this year.

Compounding those woes, Trudeau faces the possibility that Trump in January will slap 25 percent tariffs on imports from Canada and Mexico, accusing both of allowing the United States to be flooded with illicit drugs, namely fentanyl, and undocumented migrants.

More than 75 percent of Canadian exports go to the United States and nearly two million Canadian jobs depend on trade.

In her resignation letter, Freeland warned this could lead to a "tariff war" with the United States and urged Ottawa to keep its "fiscal powder dry" while rebuking Trudeau's spendthrift policies.

Trudeau last month traveled to Florida to meet with Trump at his Mar-a-Lago estate in Florida in a bid to head off a trade war.

Trump called the talks over dinner "very productive."

But since then the president-elect has also landed humiliating blows against Trudeau on social media, repeatedly calling him "governor" of Canada and declaring that the United States' northern neighbor becoming the 51st US state is a "great idea."

Political analysts and officials have said the taunts appeared aimed at putting Trudeau on the back foot in bilateral negotiations.

(F.Schuster--BBZ)