Canadian Prime Minister Justin Trudeau announced his intention to resign as leader of the Liberal Party and Prime Minister of Canada, following mounting pressure from within his party amid criticism of his economic policies and the looming threats posed by President-elect Donald Trump. He stated he would step down after the party selects a new leader through a competitive nationwide process, marking the end of his nearly decade-long leadership.


In his announcement, Trudeau emphasized the need for a real choice for Canadians in the next election, acknowledging that internal party conflicts hindered his ability to lead effectively. He expressed his commitment to serving the best interests of Canada and highlighted the importance of unity within the Liberal Party moving forward.


Trudeau's decision comes in the wake of significant drops in his approval ratings, fueled by public frustration over rising inflation and the cost of living. The pressure for his resignation intensified with the abrupt resignation of his finance minister, Chrystia Freeland, who criticized his handling of economic issues and warned of the challenges posed by Trump's aggressive economic policies, including a potential tariff war.



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Freeland's departure sent shockwaves through the government and prompted calls from several Liberal Members of Parliament for Trudeau to step aside. Trudeau has since appointed Dominic LeBlanc as the new finance minister and has held discussions with caucus members to address their concerns.


With Trudeau's resignation, the Liberal Party will be able to appoint an interim prime minister, allowing the party time to regroup and potentially regain support ahead of the next fall election. The future leadership remains uncertain, although LeBlanc is considered a leading candidate to succeed Trudeau.


Trump has yet to publicly comment on Trudeau's resignation, and his transition team has not responded to inquiries regarding his influence on Canadian political dynamics.