Justin Trudeau Announces Resignation as Canada’s Prime Minister

Canadian Prime Minister Justin Trudeau announced his resignation on Monday, stating he will leave office as soon as the ruling Liberal Party selects a new leader.

“I intend to resign as party leader, as prime minister,” Trudeau told reporters in Ottawa, following a protracted political crisis that saw top Liberal allies urge him to quit. Trudeau has been in power since 2015.

The surprise announcement comes amid increasing pressure from within his own party and a series of challenges that have tested his leadership. The Liberal Party is expected to convene soon to discuss the succession plan.

Trudeau’s resignation marks the end of an era in Canadian politics, characterized by progressive policies and a focus on diversity and inclusion. His leadership saw significant developments in areas such as climate change, indigenous rights, and international trade agreements.

The news has prompted reactions from across the political spectrum and international observers, given Canada’s influential role in global affairs. Markets are watching closely as the political landscape shifts, anticipating potential changes in economic policies.

The forthcoming leadership race within the Liberal Party will determine the direction Canada takes in the coming years, with significant implications for both domestic and international stakeholders.

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