Trudeau To Step Down After Liberal Leadership Race, Parliament Prorogued For Months

Canadian Prime Minister Justin Trudeau has announced his intention to step down as leader of the Liberal Party once a successor is chosen, marking the end of a tumultuous era in Canadian politics. Speaking outside his official residence, Rideau Cottage, on Monday morning, Trudeau revealed his decision to resign after nearly a decade at the helm of the country.

Trudeau, who became Liberal leader in 2013 and assumed the role of prime minister in 2015, also disclosed that he had requested and received approval from Governor General Mary Simon to prorogue Parliament until March 24. This move sets the stage for a competitive leadership race within the Liberal Party to find a new leader capable of challenging Conservative Leader Pierre Poilievre in the upcoming federal election.

The prime minister’s decision comes amid mounting pressure from within his own party and declining public support. Over two dozen individual MPs and several regional caucuses, including those from Atlantic Canada, Quebec, and Ontario, had called for his resignation prior to the holiday break. Trudeau’s political future was further jeopardized last month when Chrystia Freeland, his long-standing top lieutenant, unexpectedly resigned from her positions as finance minister and deputy prime minister.

Trudeau’s tenure as prime minister has been marked by significant policy changes, including the legalization of cannabis and the introduction of a national carbon pricing system. However, recent polls have indicated a sharp decline in public approval, with the Liberal Party trailing behind the Conservatives in voter intention.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

Northern Superior Shareholders Set To Receive Shares Of ONGold Resources Friday

Goliath Resources Sees Rob McEwen Increase Ownership Interest

Related News

Jagmeet Singh Sets March 1 Deadline For Pharmacare Bill, Warns Of ‘Repercussions’ If Trudeau’s Government Doesn’t Follow Through

NDP Leader Jagmeet Singh has sternly warned Prime Minister Justin Trudeau about the potential breakdown...

Saturday, February 10, 2024, 07:24:00 AM

House Speaker Anthony Rota Resigns After Inviting Nazi SS Veteran to Parliament for Standing Ovation

In a historic and unprecedented move, Anthony Rota has resigned as Speaker of the House...

Tuesday, September 26, 2023, 04:22:16 PM

Oil Companies Are Just Waiting for Trudeau to Get Kicked Out

The general election isn’t until October 2025, but some oil and gas producers are already...

Wednesday, December 20, 2023, 03:10:00 PM

Justin Trudeau Suggests Canadians ‘Need to Be More Engaged’ Following By-election Loss

Canadian Prime Minister Justin Trudeau is under fire following his response to a recent by-election...

Wednesday, September 18, 2024, 07:57:13 AM

Bill Morneau Details Justin Trudeau’s Lack of Fiscal Prudence During Covid-19 in New Book

Bill Morneau has re-entered the spotlight, this time to unravel the rifts he had with...

Tuesday, January 17, 2023, 06:21:00 AM