Justin Trudeau resigned as leader of the Liberal Party of Canada today, effectively ending his nine-year tenure as Prime Minister of Canada. This step has been taken amid growing discontent against him within his party. He held a press conference today outside his Rideau Cottage residence in Ottawa.
Mr. Trudeau said, “I have informed my party and the Governor that I intend to resign as party leader as well as Prime Minister of Canada and will do so as soon as my successor has been appointed.” “
“I adjourn Parliament until March 24 to begin the process of finding a new leader to lead the party and Canada until elections later this year,” he said.
According to the Canadian legislature, in such a case, the ruling party gets 90 days from the date of resignation of its leader to find a replacement.
Justin Trudeau is facing intense pressure from his party allies as the latest opinion polls show a huge surge in support for the opposition Conservative Party. Elections will be held in Canada later this year and a new government should be formed before October 20.
Mr Trudeau is likely to remain prime minister temporarily until a successor is chosen. This may take at least a few days and may even take up to a few months. Under Mr. Trudeau’s leadership, Canada’s internal politics as well as the country’s geopolitical position have suffered a serious and damaging blow.
A few months ago, Justin Trudeau lost the support of his key ally, leading to a no-confidence motion against the prime minister in Parliament. Somehow managing to muster the fragile support of other smaller parties to form a coalition, Mr Trudeau’s government survived, but pressure increased on the prime minister after the finance minister stepped down in December due to policy conflicts.
The Canadian dollar, which had been in a downward trend since September and hit a new low, appreciated after Trudeau decided to step down as leader of the Liberal Party and instead step down as prime minister Is.
Canada’s economy, which is already facing problems like slow growth, high inflation, stagnant GDP and crumbling trade policies, is now also facing an existential crisis after Donald Trump threatened massive tariffs. Is.
