• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by January 6, 2025
written by January 6, 2025

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 comment
0
FacebookTwitterPinterestEmail

previous post
JOE CONCHA: Biden’s disgraceful Oprah-ization of medals that once meant something
next post
Diet and nutrition experts weigh in on how RFK Jr’s nomination could impact how we eat

related articles

Top Trump ally predicts Senate will blow past...

June 19, 2025

‘Instincts for restraint’: Senate divided over who gets...

June 19, 2025

Trump downplays signs of MAGA unrest over possible...

June 19, 2025

Vance defends Gabbard as ‘critical part’ of Trump...

June 18, 2025

Ilhan Omar claims no one has ‘attacked Americans,’...

June 18, 2025

‘Squad’ members, GOP lawmaker join forces to reject...

June 18, 2025

Poll position: Where Trump stands in the eyes...

June 18, 2025

GOP says Dems admit ‘guilt’ in Biden health...

June 18, 2025

Trump weighs striking Iranian nuclear facilities: ‘I may...

June 18, 2025

DAVID MARCUS: Trump’s base trusts him to play...

June 18, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • DOJ sues Walgreens, alleging it ‘knowingly’ filled millions of invalid prescriptions

    January 19, 2025
  • Nvidia stock dips 5% as Broadcom surges 40% in five days

    December 17, 2024
  • USDCHF and USDJPY: New Weekly Targets and Prices

    October 7, 2024
  • Harris’ support for Palestinian state rewards terrorism, experts warn

    September 12, 2024
  • Ethereum is still under pressure from the EMA 200 today

    October 9, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,996)
  • Investing (634)
  • Stock (808)

Latest Posts

  • Trump’s granddaughter Kai shares vlog of family celebration on election night: ‘Extremely proud’

    November 12, 2024
  • Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring

    November 19, 2024
  • $15M reward announced for alleged Chinese ringleader, others accused of smuggling US drone technology to Iran

    March 19, 2025

Recent Posts

  • ‘Squad’ Dems line up behind Kamala Harris to replace Biden

    July 21, 2024
  • Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing

    January 17, 2025
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 29, 2024

Editor’s Pick

  • USDCAD and USDCNH: USDCAD continues to slide to a new low

    August 22, 2024
  • Trump’s FBI overhaul puts ‘untouchable’ feds on notice: former agent

    January 22, 2025
  • No 2 Republican Steve Scalise lays out government funding strategies, with fiscal deadlines looming

    January 29, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock