New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Politics

Canadian PM Justin Trudeau to announce resignation as early as Monday: report

by admin January 6, 2025
January 6, 2025
Canadian PM Justin Trudeau to announce resignation as early as Monday: report

Prime Minister Justin Trudeau is reportedly expected to resign from his position as early as Monday, according to Canadian media.

The news was first reported by the Globe and Mail on Sunday night, citing three sources. The outlet said that it is unclear when exactly the Liberal Party leader will step down, but a resignation is expected to come before a national caucus meeting on Wednesday.

The news comes as Trudeau’s popularity continues to dwindle in Canada, which has a national election planned for Oct. 20 of this year. The country continues to suffer from a housing crisis, a declining per-capita GDP and high inflation, among other issues.

According to Canadian pollster Angus Reid, Trudeau has a disapproval rate of around 68% as of Dec. 24, with a meager 28% of Canadians supporting him.

The potential resignation would also come after Trudeau, who became prime minister in 2015, braved a difficult few months in politics. In September, he faced a no confidence vote in parliament that later failed, despite efforts from the Conservative Party to remove him from office.

On Dec. 16, Finance Minister Chrystia Freeland announced that she was stepping down from Trudeau’s cabinet, dealing a significant blow to the prime minister. In her resignation letter, she claimed that the only ‘honest and viable path’ was to leave the Cabinet.

‘For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada,’ Freeland, who was previously seen as a Trudeau loyalist, wrote.

‘Our country is facing a grave challenge,’ the letter added. ‘That means keeping our fiscal powder dry today, so we have the reserves we may need for a coming tariff war.’

Later in December, one of Trudeau’s key allies, New Democratic Party leader Jagmeet Singh, said that he planned to present a formal motion of no-confidence on Jan. 27.

‘No matter who is leading the Liberal Party, this government’s time is up. We will put forward a clear motion of non-confidence in the next sitting of the House of Commons,’ Singh said.

Trudeau’s personal choices have also invited backlash from his opponents. At the end of November, Trudeau faced international criticism after he was seen dancing at a Taylor Swift concert in Toronto while a destructive riot took place in his home city of Montreal.

Don Stewart, a Member of Parliament (MP) representing part of Toronto, called out the prime minister in a post on X.

‘Lawless protesters run roughshod over Montreal in violent protest. The Prime Minister dances,’ the Canadian politician wrote. ‘This is the Canada built by the Liberal government.’

‘Bring back law and order, safe streets and communities in the Canada we once knew and loved,’ Stewart added. Trudeau later denounced the lawlessness, calling the riot ‘appalling.’

Fox News Digital has reached out to Trudeau’s office for comment.

Fox News’ Chris Massaro, The Associated Press and Reuters contributed to this report.

Related Topics

  • World
  • Justin Trudeau
  • Canada
  • Politics
This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Israelis look to Trump amid debate on Gaza’s future: ‘going to enable things that were not possible before’
next post
JONATHAN TURLEY: House ‘delegate’ shows her confusion over Constitution

Related Posts

In State of the Union speech Biden showed...

March 8, 2024

Biden’s Meta ‘censorship’ revelations ‘vindicated’ Alito dissent in...

January 17, 2025

Heritage flips script on fired director of Project...

September 28, 2024

Russia bombards Ukraine with drones hours after Trump...

May 19, 2025

With 8 days until voting starts, ‘election season’...

August 29, 2024

3 things Dr. Oz can do as CMS...

November 25, 2024

Dems who were pressed to retire due to...

July 2, 2024

Trump greets Netanyahu at Mar-a-Lago, says World War...

July 27, 2024

Bondi, Trump Cabinet convenes task force to root...

April 23, 2025

From cease-fire push to boots on the ground...

October 16, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Hamas responds to US plan for Gaza ceasefire, says proposal aimed at ‘permanent ceasefire’

      June 1, 2025
    • Turkish authorities escalate crackdown on opposition-run Istanbul municipality

      June 1, 2025
    • Mexican band Grupo Firme cancels US show, says visas suspended by Trump administration

      June 1, 2025
    • Trump’s foreign policy frustrations are piling up

      June 1, 2025
    • South Korea is voting for a new president after six months of political chaos. Here’s what to know

      June 1, 2025
    • Bridge collapses onto passenger train in western Russia, killing at least 7

      June 1, 2025

    Popular

    • 1

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 2

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 3

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 4

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024
    • 7

      Investing in Graphene Companies

      May 9, 2024

    Categories

    • Business (1,343)
    • Investing (3,211)
    • Politics (4,216)
    • World (4,169)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved