Canada’s Prime Minister, Justin Trudeau, announced on Monday that he will resign. During a news conference, a senior government source confirmed to AFP that the embattled leader had decided to step down. Trudeau, facing his most significant political crisis since becoming prime minister in 2015, is set to address reporters at 10:45 am (1545 GMT).
Trudeau’s political fortunes took a significant hit following the unexpected resignation of his former finance minister and deputy prime minister, Chrystia Freeland, in December. In her sharp resignation letter, Freeland criticized Trudeau for prioritizing political gimmicks, such as a costly Christmas tax holiday, to win over voters, rather than stabilizing Canada’s finances in preparation for a potential trade war with the United States.
The incoming US President, Donald Trump, has vowed to impose a 25 percent tariff on all Canadian imports, a move that could severely impact Canada’s economy.
