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Reading: Canada’s Justin Trudeau is reportedly stepping down from his position as leader of the Liberal Party this week
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Investor's Crypto Daily > Blog > Headlines > Economy > Economic News > Canada’s Justin Trudeau is reportedly stepping down from his position as leader of the Liberal Party this week
Economic News

Canada’s Justin Trudeau is reportedly stepping down from his position as leader of the Liberal Party this week

Last updated: January 6, 2025 2:59 am
By Chad McAuley 4 Min Read
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According to The Globe and Mail, the Canadian newspaper The Globe and Mail reported that Justin Trudeau could announce his resignation from being leader of the Liberal Party as soon as Monday.

Contents
Who is the next Trudeau to succeed?Trudeau in troubled timesLiberal Party troubles

The move comes in the wake of mounting internal pressure, such as a revolting Liberal Party and sour public opinion surveys.

According to polls, under Trudeau, the Liberal Party will suffer a major defeat at the next election. The Conservative Party, led by Pierre Poilievre, is likely to win in a massive landslide.

Although the exact time of Trudeau’s resignation is still uncertain, sources quoted by the newspaper indicate that the news will be announced before Wednesday’s Liberal Party national caucus.

A source that spoke with the Canadian Prime Minister recently said Trudeau wanted to make sure the announcement appeared voluntary, and was not forced by his MPs.

Who is the next Trudeau to succeed?

The process to replace Trudeau, as Prime Minister, is not yet clear.

According to sources, it’s unclear whether or not he plans to step down as prime minister immediately. He could also remain in the position until a successor is chosen.

This week, the Liberal Party national executive will meet to discuss possible leadership candidates.

You can choose to appoint an interim leader, or hold a short leadership competition.

Trudeau’s need to prorogate Parliament could complicate a leadership race that would take at least 3 months.

The delay in the contest for the top job will only increase the uncertainty of who will be the next leader.

Prime Minister Harper has considered the nomination of Dominic LeBlanc as interim leader.

Trudeau in troubled times

Trudeau’s leadership was further damaged by the resignation on December 16 of Chrystia Freiland, Deputy Premier and Minister for Finance.

Freeland’s resignation amid concern over the fiscal policy of the federal government added fuel to calls for Trudeau’s departure.

Since Freeland’s sharply worded resignation, the prime minister is largely out of sight.

Trudeau hasn’t spoken to reporters since his return from a holiday in a western Canadian ski resort.

Many of his MPs from important regions, such as Ontario, Quebec and the Atlantic region, have stated that they do not support him anymore.

Trudeau’s advisors are exploring all options to keep him as prime minister during the race for leadership.

Trudeau has continued to enjoy support from his own caucus, but there are reports that this is waning. There’s also a growing belief among some members of the party that Trudeau will soon be leaving office.

Liberal Party troubles

A recent poll has revealed that the Conservatives led by Pierre Poilievre hold an advantage of a considerable amount over the Liberals.

A recent Angus Reid poll found that under Trudeau, only 13% of voters support the Liberals.

If Freeland was to become leader of the Liberal Party, their support would increase to 21%. This is the highest level among all potential candidates.

Others who could run for Liberal Leadership include Melanie Joly (Minister of Foreign Affairs), Francois-Philippe Champagne (Minister of Innovation), Anita Anand (Minister Transport), Mark Carney (former central banker), and Christy Clark, Premier. Christy Clark, Premier.

As new information becomes available, this post may change.

This site is for entertainment only. Click here to read more

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