Canadian Prime Minister Justin Trudeau announced his decision to step down as Liberal Party leader after nine years in power, following poor pre-election poll results. Trudeau will remain as prime minister and party leader until the Liberals elect a new leader on March 9, 2025. The leadership decision comes amid growing concerns over the party's declining popularity.
The Liberal Party's National Board of Directors met to establish rules for the leadership race. To vote, individuals must register as Liberals by January 27. Candidates face an entrance fee of C$350,000 ($242,921). The party expressed confidence in its statement, emphasizing readiness to "fight and win" the upcoming election despite current challenges.
Former finance minister Chrystia Freeland and ex-central banker Mark Carney are reportedly considering leadership bids, while Foreign Minister Mélanie Joly and Innovation Minister François-Philippe Champagne remain undecided, according to The Globe and Mail.
Trudeau announced the suspension of parliament until March 24, delaying any potential election until at least May. He is expected to address ongoing issues, including trade tensions with U.S. President-elect Donald Trump. The two leaders have clashed over proposed tariffs, which Trudeau criticized for their potential economic harm.
The next federal election, mandated by October 20, 2025, looms large for the Liberals. High living costs and a housing shortage have fueled voter dissatisfaction, with polls predicting a decisive victory for the opposition Conservatives.
As Trudeau prepares to step aside, the Liberal Party faces mounting pressure to rejuvenate its platform and reconnect with voters to avoid a historic defeat.