Trudeau told Freeland that Carney would replace her as finance minister over Zoom

The sources say Mr. Trudeau was direct in the call, telling her that by Tuesday morning she would no longer be finance minister and that the job would be handed to Mr. Carney, former governor of the Bank of Canada and Bank of England. The Prime Minister still expected her to deliver the economic and fiscal update on Monday that showed she would miss the government’s promised $40.1-billion deficit target by more than $20-billion.