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St. John's, NL – In a surprising announcement that has sent ripples through Newfoundland and Labrador's political landscape, Finance Minister and Deputy Premier Siobhan Coady confirmed she will not be seeking re-election in the upcoming provincial election. The news, delivered via a video posted to social media on Monday afternoon, marks a significant turning point for the governing party and raises questions about the future direction of the province's finances.

Coady, a prominent figure in Premier Andrew Furey's cabinet, has served in her current roles since 2021. Prior to that, she represented the riding of St. John's West as a Member of the House of Assembly (MHA) since 2015, initially under the leadership of former Premier Dwight Ball. Her departure leaves a considerable void within the government, particularly given her expertise in financial matters.

The video message released by Coady was brief but heartfelt. She expressed gratitude for the opportunity to serve the people of Newfoundland and Labrador and thanked her colleagues, staff, and constituents for their support throughout her political career. While she didn't elaborate on the reasons behind her decision, she emphasized the importance of pursuing other personal interests and spending more time with her family.

Coady’s departure creates a vacancy in a crucial ministerial position and a significant loss for the Liberal government. As Finance Minister, she played a key role in navigating the province's economic challenges, including the aftermath of the oil industry downturn and the ongoing impacts of the COVID-19 pandemic. Her departure will undoubtedly influence the government’s approach to fiscal policy and budget planning in the lead-up to the election.

Premier Furey is expected to announce a successor to the Finance Minister role soon. The selection process will be closely watched as it could signal shifts in the government’s priorities and strategies. The upcoming election is already shaping up to be a closely contested one, and Coady’s departure adds another layer of complexity to the political landscape.

The news has sparked speculation about potential candidates who might seek to fill Coady’s seat in St. John’s West. Local political observers suggest a competitive nomination race is likely. Beyond the immediate impact on the government and the riding, Coady’s decision highlights the personal toll that political life can take and the evolving priorities of individuals involved in public service. Her departure serves as a reminder that the political landscape is constantly shifting, and new faces will emerge to shape the future of Newfoundland and Labrador.

The political community and the people of Newfoundland and Labrador wish Siobhan Coady well in her future endeavours.