Diefenbaker became the new prime minister and appointed Fleming to the cabinet as Minister of Finance. As finance minister, Fleming clashed with the governor of the Bank of Canada, James Coyne, over monetary policy and ultimately demanded and got Coyne's resignation in 1961. In 1962, Fleming became the Attorney General of Canada before retiring from politics in 1963.[2]
Fleming returned to politics to seek the PC Party leadership at the 1967 leadership convention for a third time, but came in seventh, and left political life for good.
In later life, he was Governor of the World Bank, an International Monetary Fund official and Chairman of the Bank of Nova Scotia.
Personal life
Fleming married Alice Watson in 1933, and they had three children.[3] He was a devout Christian, and was an elder of the Bloor Street United Church in Toronto.[3]
Fleming died in Toronto from a stroke on December 31, 1986, at the age of 81.[2]