Deputy Prime Minister Chrystia Freeland will be sworn in as Canada's new finance minister on Tuesday afternoon.
The move comes after Bill Morneau announced late Monday he was leaving the Finance post and stepping down as MP for Toronto Centre, following much speculation about a growing rift between him and Prime Minister Justin Trudeau.
Both Morneau and Trudeau are embroiled in ethical investigations for not recusing themselves from a decision to award a large student grant contract to WE Charity despite both having close ties to the organization.
According to The Canadian Press, the Trudeau government is also planning a cabinet retreat in mid-September with the intention of proroguing Parliament and presenting a pandemic recovery plan in a throne speech in early October.