03/18/2014 05:15 EDT | Updated 03/18/2014 05:59 EDT

Jim Flaherty Quits, Twitter Speculates Who Will Be Next Finance Minister

Jim Flaherty's colleagues were quick to post tributes to the Tory MP after he announced his resignation as finance minister on Tuesday afternoon.

And it didn't take long for speculation about who would take his place in Stephen Harper's cabinet either.

Click through the slideshow below for more reaction.