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New Canadian PM Trudeau to name Morneau as finance minister: source

[OTTAWA] Incoming Canadian Prime Minister Justin Trudeau will name political newcomer Bill Morneau as finance minister when he unveils his Cabinet later on Wednesday, a government source told Reuters.

Morneau, 53, is a former corporate executive who also headed a major public policy think tank. He was elected to Parliament for the first time in the Oct 19 election that brought Trudeau's Liberals to power.