Canada Finance Minister Steps Down Amid Charity Uproar

Canada Finance Minister Steps Down Amid Charity Uproar

August 18, 2020

Financial markets will likely take the resignation in stride, according to Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. That being said, he added, “it’s hard to deny that turnover in such a critical job at such a critical time poses a threat to Canada’s economic recovery.”

Mr. Schamotta said that regardless of who becomes the new Canadian finance minister, “major policy shifts are unlikely—Canada’s commitment to fiscal spending will remain firm.”

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For further information, please contact Cambridge Global Payments

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