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Canadian Prime Minister Trudeau Resigns Amid Political Turmoil

Mark Carney, who has served as the governor of the Bank of Canada and the Bank of England, speaks at the Sustainable Finance conference, Nov. 28, 2024. (Adrian Wyld/The Canadian Press via AP, F

Canadian Prime Minister Justin Trudeau has announced his resignation following a significant loss of support within his party and the country. The Liberal Party now faces the task of selecting a new leader amidst challenges such as threats of steep tariffs on Canadian goods by U.S. President-elect Donald Trump and an upcoming election.

Trudeau, the son of former Prime Minister Pierre Trudeau, revealed his intention to remain in office until a new party leader is chosen. His decision came after the resignation of Finance Minister Chrystia Freeland, a key ally, last month.

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