Chrystia Freeland

Canadian Prime Minister Justin Trudeau announced on Monday that he would step down as the leader of the Liberal Party and as Prime Minister once a successor is chosen. Trudeau shared that he had already approached the President of the Liberal Party to begin the search for a new candidate for the position.

Treasury and Finance Minister Nureddin Nebati is attending the gathering of G20 finance ministers and central bank chiefs in Indonesia where they seek strategies to counter the economic fallout from the war in Ukraine, inflation and other global crises.

Prime Minister Justin Trudeau's government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.

Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.

Prime Minister Justin Trudeau invoked emergency powers Monday to quell the paralyzing protests by truckers and others angry over Canada's COVID-19 restrictions, outlining plans not only to tow away their rigs but to strike at their bank accounts and their livelihoods.

"These blockades are illegal, and if you are still participating, the time to go home is now," he declared.

Canada, Mexico and the United States made progress in talks to update the NAFTA trade pact, top officials said on Sept. 5, a relief after repeated criticism by U.S. President Donald Trump, although the round did not delve deeply into the toughest issues.

Canada's Prime Minister has appointed an outspoken critic of Russian President Vladimir Putin as Foreign Minister.

PM Justin Trudeau announced that former Trade Minister Chrystia Freeland will assume the office of top diplomat replacing Stéphane Dion.

Chrystia Freeland is of Ukrainian origin and a former reporter of Reuters and Financial Times.