(Chrystia Freeland speaks alongside Justin Trudeau in Ottawa after being named finance minister on Aug. 18. Photographer: James Park/Bloomberg)
August 26, 2020
Justin Trudeau’s selection of Chrystia Freeland to be Canada’s new finance minister cements her place as his most trusted lieutenant, hinting the 52-year-old former journalist isn’t done with her political rise. But its real significance is that it signals the most decisive lurch to the left in economic policy in at least four decades.
Freeland has firmly established herself as Trudeau’s Ms. Fix-It during their five years in power, handling President Donald Trump on trade and the energy-rich western provinces on their grievances. She’s now being tasked with nothing less than remaking the country’s socio-economic architecture.
As she put it in her inaugural news conference, Covid-19 offers “a fabulous opportunity for our country” to craft an “equitable” and “green” recovery. This echoed Trudeau’s own promise “to get through this pandemic in a way that gives everyone a real and fair chance at success, not just the wealthiest 1%.”
That’s a refrain increasingly heard all over the globe as the pandemic accelerates a surge in income inequality that began decades ago. For Freeland, it has long been a source of great concern. In 2012, she penned “Plutocrats,” a book that examines the growing divide between rich and poor and helped put her on Trudeau’s radar.
Making her vision a reality will mean using her consensus-building skills to parry resistance from business, provincial governments and a wing of the Liberal caucus that’s wary of huge deficits.
Parliamentary Reset
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