{"id":27428,"date":"2020-08-24T12:15:37","date_gmt":"2020-08-24T12:15:37","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=27428"},"modified":"2020-08-24T17:19:53","modified_gmt":"2020-08-24T17:19:53","slug":"canadas-first-female-finance-minister-aims-to-leave-her-mark","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/canadas-first-female-finance-minister-aims-to-leave-her-mark\/","title":{"rendered":""},"content":{"rendered":"

Chrystia Freeland is Canada\u2019s new finance minister.<\/p>\n

Chrystia Freeland knows the world of finance inside out, mostly through her work as a journalist. But Canada\u2019s first female finance minister lacks the Bay Street experience of her predecessor Bill Morneau. That has been the principal talking point as Freeland steps into what most consider the most important cabinet position in the country. Yet others say that her political experience and abilities as a negotiator more than compensate.<\/p>\n

According to Camilla Sutton, president and CEO of Women in Capital Markets, a not-for-profit that works to improve the role of women in Canada\u2019s finance industry, who spoke to CBC yesterday, Freeland is more than up to the job.<\/p>\n

\u201cWhile it\u2019s true [Freeland] doesn’t come from a traditional finance background, she certainly has the financial\u00a0acumen from having reported on it in a very senior level\u00a0for major publications,\u201d Sutton told CBC. \u201cShe definitely\u00a0reported on some stories that required a deep understanding of finance.\u201d<\/p>\n

Joe Oliver, a former federal finance minister in 2014 and 2015, when the Conservatives were in power, likewise backed Freeland, saying that while Bay Street experience was clearly helpful, it certainly wasn\u2019t all that mattered, adding that the new finance minister\u2019s political experience would serve her well. The reality is that the background of recent Canadian finance ministers varies a lot.<\/p>\n

Jean Chr\u00e9tien’s\u00a0finance minister, Paul Martin, was CEO of a large shipping company. Brian Mulroney’s finance minister,\u00a0Michael Wilson, was a Bay Street investment executive. Yet others, such as John Manley, and prime ministers John Turner and Chr\u00e9tien, were all\u00a0lawyers. Jim Flaherty\u00a0was Ontario’s\u00a0provincial finance minister before getting the job with\u00a0Stephen\u00a0Harper’s government, but he too had practiced law before getting into politics.<\/p>\n

In fact, many believe that as a Rhodes Scholar and top negotiator for the USMCA, Freeland has had better training than most candidates would have got on Bay Street. Rebekah Young, director of fiscal and provincial economics at Scotiabank, told CBC that the markets won\u2019t have concerns about Freeland\u2019s credentials. Rather, the focus will be on the policy directions she sets out.<\/p>\n

Indeed, the lack of market\u00a0reaction to\u00a0Morneau\u2019s resignation and Freeland\u2019s new role\u00a0indicates they are\u00a0relatively reassured that he\u00a0has been replaced by someone who the market is relatively familiar with.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chrystia Freeland is Canada\u2019s new finance minister.<\/p>\n","protected":false},"author":21,"featured_media":27427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[529,99,98,4042,4045],"class_list":["post-27428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-canada","tag-ceo","tag-ceo-north-america","tag-chrystia-freeland","tag-finance-minister"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/27428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=27428"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/27428\/revisions"}],"predecessor-version":[{"id":27448,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/27428\/revisions\/27448"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/27427"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=27428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=27428"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=27428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}