Canadian Prime Minister Justin Trudeau is likely to step down as Liberal Party leader as early as Monday, according to reports. The announcement is expected before the party’s caucus meeting on Wednesday. While it’s unclear if Trudeau will also resign as prime minister, stepping down as leader would trigger a race for the party’s top position, with the new leader likely becoming the next prime minister.
Trudeau has been under increasing pressure since Chrystia Freeland resigned as finance minister in December, publicly criticizing his leadership. Since then, Trudeau has stayed largely out of the public eye, spending much of the holidays at a resort in western Canada.
The Liberal Party is also struggling with declining poll numbers amid stagnant economic growth. A recent Nanos Research poll shows the Conservatives extending their lead as Canada moves closer to an election year. Liberal leaders in border provinces have raised concerns over the economic impact of potential U.S. tariffs on Canadian exports under the incoming Trump administration.
If Trudeau steps down, the Liberal Party will need to elect a new leader quickly to stabilize its position and counter growing Conservative influence. Trudeau’s decision will be pivotal as Canada prepares for an election year.
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