Jim Flaherty Read Jim Flaherty

Jim Flaherty: "Yesterday, I informed the prime minister that I am resigning from cabinet. This was a decision I made with my family earlier this year, as I will be returning to the private sector," Flaherty said in a statement. Joe Oliver to replace Jim Flaherty as finance minister Flaherty praised for prudent fiscal policy, steady hand in crisis Watch Chris Hall's February interview with Jim Flaherty Read Jim Flaherty's statement Read Stephen Harper's statement on Jim Flaherty's resignation Storify: Reaction to Flaherty's resignation , according to CBC. Flaherty isn't immediately going to a job in the private sector. Federal Finance Minister Jim Flaherty has resigned from cabinet to prepare for work in the private sector, he announced in a news release Tuesday. Conservative sources told News that Flaherty spoke to his family at Christmas and made the decision then. He started calling close friends at 4 p.m. ET Tuesday, after the markets closed, to let them know of his decision. (www.immigrantscanada.com). As reported in the news.