The Globe and Mail reports in its Thursday, May 15, edition that Bay Street expertise does not always translate well in Ottawa. The Globe's Tim Kiladze writes that Prime Minister Mark Carney is promoting Francois-Philippe Champagne, a veteran of the Trudeau government, as his pick for the position of Finance Minister. To some critics, this choice undermines Mr. Carney's promise of change and seems contradictory. Insiders, however, say the role of finance minister is a complex political position and not one for those without experience. Many suggested Tim Hodgson as a prime candidate for finance minister. The new MP previously ran Goldman Sachs Canada, and worked with Mr. Carney at the Bank of Canada. Mr. Carney chose to partner with Mr. Champagne, a decision insiders attributed to the failure of the Bill Morneau experiment. When Justin Trudeau became PM in 2015, he appointed Mr. Morneau as finance minister, a move that impressed Bay Street. Over time, however, politics ate him up. Whatever the reasons he and Mr. Trudeau ultimately fell out in 2020 -- and there are many theories -- Mr. Morneau is seen in Ottawa as someone who struggled to navigate the politics of the job.