OTTAWA—Canada’s Finance Minister Chrystia Freeland said Monday she was quitting the Liberal government cabinet, citing conflict with Prime Minister Justin Trudeau over the direction of fiscal policy.The shock move comes on the same day Freeland was scheduled to introduce a fall economic statement,

The shock in Ottawa over Finance Minister and Deputy Prime Minister Chrystia Freeland's sudden resignation from cabinet is being felt in her Toronto riding too, where residents say it seems indicative of the prime minister’s shrinking popularity.

Canadian Finance Minister Chrystia Freeland has announced she is resigning from the Cabinet. Freeland has long been one of Prime Minister Justin Trudeau’s most powerful ministers.