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to the financial crisis of 2008 09. Of the ten budgets Flaherty tabled since New Balance 420 White Trainers 2006, all but two were deficit budgets.
Joe Oliver to replace Flaherty
Flaherty had told reporters several times in the last several months that he was staying to fight the 2015 general election but, in fact, he and his family had decided months ago to let go of the job and look to return to the private sector.
Oliver, though, was seen as one of the likely contenders to take Finance the minute news of Flaherty's resignation broke shortly after stock markets closed Tuesday afternoon.
Flaherty has suffered over the last year from a rare and painful but treatable skin disorder. In his statement, Flaherty said his health did not play a part in his decision to quit politics.
Oliver will be responsible for designing the 2015 budget, one in which a surplus of several billions will mean Oliver's toughest job will be to decided whether to shower Canadians with tax cuts or new New Balance 420 Burgundy Size 6
"It is with great reluctance that today I accepted the resignation from cabinet of Jim Flaherty," Harper said.
Flaherty, unluckily perhaps, recorded just two surplus budgets in the 10 he delivered since 2006. His New Balance 574 Fashion Blog
Jim Flaherty tries on new shoes at the Roots Factory in Toronto prior to the federal budget announcement in this combination of file photos from March 20, 2013. (Stan Behal/QMI Agency)
In a statement, Harper thanked Flaherty for his service.
Oliver is a bilingual 73 year old Toronto MP who spent years on Bay Street as an investment banker.
It has been an honour to serve Canada. Thank you for the opportunity.
Opposition Leader Thomas Mulcair, who shares Irish ancestry with Flaherty, also thanked him for his service.
Flaherty one of the longest serving finance ministers Canada has ever had and the only one to ever serve Prime Minister Stephen Harper quit Harper's cabinet Tuesday.
OTTAWA Jim Flaherty is out and Joe Oliver is in.
spending all of it in an election year.
In his resignation statement, Flaherty said that he was most proud to be part of a government that lowered corporate taxes to the lowest level in the G7, introduced the tax free savings account and reduced taxes 160 times.
But Flaherty will also be remembered for bringing in the single largest deficit in Canadian history, a response New Balance 420 Revlite Trainers In Red Mrl420bg
Flaherty has spent two decades in politics in Ottawa and at Queen's Park. March 18, 2014
Oliver had been Harper's natural resources minister. It's not yet clear who will take that key post as the point person on the Keystone and Northern Gateway pipelines and other energy issues.
most famous budgets were the first two when he cut two points off the hated GST.
His replacement, to be named Wednesday morning in a ceremony at Rideau Hall that will be closed to the media, appears to be Oliver. Sources tell QMI Agency Oliver is the man for the job and several other media outlets are also reporting the same thing. Aides in Harper's office were not responding to messages Tuesday night.
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