Canadian Prime Minister Justin Trudeau will appoint chrystia Freeland as finance minister to replace bill Morneau, who resigned on Monday night, according to people familiar with the matter. < p > < p > Freeland is considered to be a pragmatic minister who was responsible for the renegotiation of the North American Free Trade Agreement (NAFTA) between Canada and Mexico and the United States. She will be the first woman to serve as Canada’s finance minister. “Given the status and qualifications of Vice Premier chrystia Freeland, choosing her will reassure financial markets,” Doug Porter, chief economist at Bank of Montreal, said in an email. She is certainly not a puppet figure. As a person who can stand firm on key issues, choosing her will give people a certain degree of confidence. ” At 8:43 a.m. Toronto time, the Canadian dollar rose 0.5% to C $1.3156 against the US dollar, but fell against most other major currencies. Government bond yields have changed little. After the rift with Trudeau proved irreparable, Morneau announced his resignation at a press conference in Ottawa. He said he told the prime minister earlier on Monday that he had no intention of running for the next election.