Political turmoil has hit Canada as Finance Minister Chrystia Freeland resigned following disagreements with Prime Minister Justin Trudeau over a cabinet shuffle. The resignation came on the day of a crucial government economic statement, marking a significant disruption in Canadian politics.

Freeland's departure stemmed from Trudeau's decision to remove her from the finance portfolio, leading to her public resignation on social media platform X. In her statement, she emphasized the loss of prime ministerial confidence and highlighted concerns about U.S. economic nationalism, particularly the threat of 25% tariffs.

The political crisis deepened with Housing Minister Sean Fraser also stepping down, while Dominic LeBlanc was quickly sworn in as the new finance minister. These developments occur amid growing tensions with incoming U.S. President Donald Trump, who recently suggested Canada could become the 51st U.S. state.

Current polling shows the Conservative Party, led by Pierre Poilievre, commanding 43% support and projected to win up to 233 seats in Parliament. The Liberal Party trails significantly at 21%, with Trudeau's personal approval rating at just 28%. The NDP, currently supporting the Liberal minority government, has indicated they may reconsider this arrangement.

Betting markets reflect these political shifts:

• FanDuel: Conservatives (-1000), Liberals (+1900), NDP (+6000)
• BetVictor: Conservatives (-1000), Liberals (+500), NDP (+3500)
• BetMGM: Conservatives (-2000), Liberals (+800), NDP (+2500)

The next Canadian federal election is scheduled for October 20, 2025, unless a non-confidence vote triggers an earlier election. The government's latest economic statement, presented by House leader Karina Gould, includes a $1.3 billion border security package over six years, partly addressing Trump's tariff threats.

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