Cabinet Minister
When Lester B. Pearson formed a Liberal government in 1963, he appointed MacEachen to cabinet as Minister of Labour. This was the beginning of a lengthy career in cabinet in which MacEachen served in several portfolios under prime ministers Pearson, Pierre Trudeau and John Turner. In addition to Labour, MacEachen held the following portfolios: National Health and Welfare, Manpower and Immigration, Privy Council, External Affairs and Finance.
In addition to his ministerial responsibilities, MacEachen served as Government House Leader on three occasions, and became the first Deputy Prime Minister of Canada in 1977 under Trudeau, a post he held whenever Trudeau was in office from that time until his retirement.
In his memoirs, published in 1993, Trudeau wrote that MacEachen "had a very good strategic sense, both in and out of Parliament, and he lived and breathed politics." For Trudeau, he "was always a source of shrewd advice", and "was the kind of man I respected, because he had no ulterior motives; he said what he thought, and the reasons he would give were always his real reasons.".
In 1968, MacEachen contested the leadership of the Liberal Party, but did not do well largely because there was a second Nova Scotian on the ballot. He was courted to run for leader again in 1984 but opted to support John Turner, the eventual winner.
In 1979, when the Liberals lost the election to Joe Clark's Tories, MacEachen served as interim Leader of the Opposition when Trudeau announced he would retire from politics. Trudeau's short-lived retirement ended with the defeat of Clark's government and the Liberals' return to power with a majority government on February 18, 1980. MacEachen resumed his job as Finance Minister, and in 1982 angered public sector unions by imposing a wage restraint package dubbed "six and five"—limiting wage increases to six and five per cent in the following two years. (This was at a time when double-digit interest rates and inflation were common.)
Read more about this topic: Allan MacEachen
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