Trudeau resigns as Canadian PM – with ex-Bank of England boss among favourites to replace him

World

Canadian Prime Minister Justin Trudeau has announced his resignation.

The 53-year-old said he will step down as leader of the country’s ruling Liberal Party, which he has led since 2013.

He says it will allow his party to choose a new leader as he suspends parliament until March due to political deadlock.

Chrystia Freeland, who today stepped down as finance minister and deputy prime minister, arrives for a national caucus meeting, in Ottawa, Ontario, Monday, Dec. 16, 2024. (Spencer Colby/The Canadian Press via AP)
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Chrystia Freeland, seen on the day she quit as finance minister and deputy prime minister in December. Pic: Spencer Colby/The Canadian Press via AP

Follow live: Justin Trudeau announces resignation

Speaking to reporters in front of his residence at Rideau Cottage, in the country’s capital, Ottawa, he said “internal battles” mean that he “cannot be the best option” in the next election.

“I don’t easily back down faced with a fight, especially a very important one for our party and the country. But I do this job because the interests of Canadians and the well-being of democracy is something that I hold dear.

“A new prime minister and leader of the Liberal Party will carry its values and ideals into that next election. I am excited to see that process unfold in the months ahead.”

Mr Trudeau, who has been prime minister since 2015, faced calls to quit from a chorus of his MPs amid poor showings in opinion polls.

He came under further pressure after his finance minister, Chrystia Freeland, resigned in December over clashes on policy.

The disagreements included how to handle possible US tariffs imposed by Donald Trump‘s incoming administration.

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau, left, are seen following a family photo of G7 leaders and Outreach partners at the Hotel San Domenico during a G7 summit in Taormina, Italy, Saturday, May 27, 2017. (Jonathan Ernst/Pool photo via AP)
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Justin Trudeau and Donald Trump in Italy in 2017. Pic: AP

Mr Trudeau’s resignation comes as the polls show his party is likely to suffer a heavy defeat to the official opposition Conservatives in an election that must be held by late October.

The Liberals must now name an interim leader to take over as prime minister ahead of a special leadership convention.

Mr Trudeau came to power 10 years ago following a decade of Conservative Party rule and was initially praised for returning the country to its liberal past.

But he has become deeply unpopular with voters in recent years over a range of issues, including the soaring cost of food and housing and surging immigration.

He is the eldest son of Pierre Trudeau, one of Canada’s most famous prime ministers, who led the country from 1968 to 1979 and from 1980 to 1984.

The political upheaval comes at a difficult moment for Canada internationally.

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US President-elect Donald Trump has threatened to impose 25% tariffs on all Canadian goods if Ottawa does not stem what Mr Trump calls a flow of migrants and drugs into the US.

Many fewer of each cross into the US from Canada than from Mexico, which Mr Trump has also threatened.

In a social media post on Christmas Day, Mr Trump even suggested the US could take control of Canada, as well as Greenland and the Panama Canal.

Canada is a major exporter of oil and natural gas to the US, which also relies on its northern neighbour for steel, aluminium and autos.

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