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Chrystia Freeland Expected to Announce Liberal Leadership Bid This Weekend

Freeland plans to run for Liberal leader, proposing to replace the federal carbon price policy if elected.

  • Chrystia Freeland, former finance minister and deputy prime minister, is expected to formally announce her campaign for Liberal leader this Sunday, with intentions to confirm her candidacy on Friday.
  • If successful, Freeland could become Canada's second female prime minister, with the leadership vote scheduled for March 9, 2025.
  • Freeland has stated her plan to replace the federal consumer carbon price with a new system developed collaboratively with provinces and territories, citing public dissatisfaction with the current policy.
  • Her main opponent in the race, former Bank of Canada governor Mark Carney, has also expressed intentions to make significant changes to the carbon price policy.
  • The leadership race signals a potential shift away from Prime Minister Justin Trudeau’s legacy carbon pricing policy, which has faced criticism during an affordability crisis.
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