Champagne appointed Canada’s finance minister during trade tensions
Francois-Philippe Champagne will become Canada’s new finance minister when Mark Carney is sworn in as prime minister on Friday. Champagne has held various cabinet roles, including industry minister, and will focus on economic strategies amid ongoing trade tensions. Current finance minister Dominic LeBlanc will move to the trade ministry to address U.S. relations and tariffs imposed by the Trump administration. This shift comes as Canada has implemented counter-tariffs on approximately C$60 billion of U.S. goods. Melanie Joly will continue as foreign minister. Carney aims to strengthen Canada’s economy within the Group of Seven and has supported the government's retaliation plan against U.S. tariffs.