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August 18 10:00 Update:

Deputy Prime Minister Chrystia Freeland will be taking over the role, making her the first female finance minister in Canadian history.

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Reports say that Canada's Finance Minister, Bill Morneau is resigning.

He had a press conference scheduled this evening, after meeting with the Prime Minister, where it was said he would be talking to reporters about reported disagreements about COVID-19 spending plans and proposed environmental initiatives.

After it was revealed that Morneau had forgotten to repay $41,366 in travel expenses covered by the WE Charity, he'd been under pressure to step down.