Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Trudeau to Resign as Canadian Prime Minister

Benita OrumabyBenita Oruma
January 6, 2025
in Government
0
Trudeau to Resign as Canadian Prime Minister
Share on FacebookShare on TwitterShare on Whatsapp

Canadian Prime Minister Justin Trudeau will announce his resignation as leader of the Liberal Party on Monday at 10:45 a.m. (1545 GMT) but he will remain in his position until a replacement is chosen. The Prime Minister’s office however has not yet commented on the upcoming press conference.

Table of Contents

Toggle
  • Reasons for Resignation
  • Political Implications
  • Market Reaction
  • Background on Trudeau and Opposition

Reasons for Resignation

Trudeau’s decision to resign comes amidst plummeting poll numbers showing the Liberal Party facing a likely crushing defeat in the next election, expected by late October. His popularity has been declining for two years, fueled by public discontent over high prices and housing shortages. Recent events, including a failed attempt to demote Finance Minister Chrystia Freeland, who subsequently resigned and accused Trudeau of prioritizing “political gimmicks,” further exacerbated the situation. Since then, calls for his resignation even from within the Liberal Party intensified.

Political Implications

The Liberal leadership race, which typically takes months, will determine Trudeau’s successor. However, even an accelerated process means Trudeau will likely remain Prime Minister for a considerable period. This means he will be in office when U.S. President-elect Donald Trump assumes office, a potentially challenging scenario given Trump’s past threats of tariffs that could severely damage the Canadian economy.

Notwithstanding, opposition parties have threatened a no-confidence motion, potentially as early as the end of March, which could trigger an early election before a new leader is chosen. If this happens, Trudeau will have to lead the Liberals into the next election, despite his intention to step down as party leader.

Market Reaction

The Canadian dollar saw a 0.8% increase following news reports of Trudeau’s impending resignation, reaching its highest intraday level since December 17. Analysts attribute this to the prospect of increased political clarity.

Background on Trudeau and Opposition

Trudeau, 53, has served as Prime Minister since November 2015, winning two re-elections. His tenure marks one of the longer periods for a Canadian Prime Minister. The Conservative leader, Pierre Poilievre, gained prominence in early 2022 for his support of the “Freedom Convoy” truckers’ protest against COVID-19 vaccine mandates.

Tags: Canadafederal characterNewsprime ministerTrudeauTrudeau to Resign as Canadian Prime Minister
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Posts

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors
Government

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell
Government

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work
Government

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

October 22, 2025
Next Post
Man Granted N10m Bail for Threatening Seyi Tinubu

Man Granted N10m Bail for Threatening Seyi Tinubu

French Spy Trial Begins in Azerbaijan

French Spy Trial Begins in Azerbaijan

Speed Darlington’s N300M Lawsuit Against Police Chief Set for January 13 Hearing

Speed Darlington’s N300M Lawsuit Against Police Chief Set for January 13 Hearing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CAF Awards: Oshoala, Waldrum, and Gift shortlisted.

CAF Awards: Oshoala, Waldrum, and Gift shortlisted.

3 years ago
Deputy Governor Shaibu’s Impeachment Hearing Set for April 3rd!

Deputy Governor Shaibu’s Impeachment Hearing Set for April 3rd!

2 years ago
Is Trump Holding America Hostage Over a Budget Fight?

Trump Targets China, Pauses Others in New Tariff Move

7 months ago
Djokovic Dominates Korda to Advance into Miami Open Semifinals

Djokovic Dominates Korda to Advance into Miami Open Semifinals

7 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Baltimore’s Mayor’s Wife Faces Investigation

Should Mayor Brandon Scott Resign?

Sowore Condemns Police “Brutality,” Gives Update on Kanu’s Lawyer and Brother After Prison Visit

Offensive Texts Sink Trump’s Court Nominee, Forcing Sudden Withdrawal

Trending

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
Sports

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

byHashim Kolawole
October 22, 2025
0

Victor Osimhen’s amazing two-goal performance led Galatasaray to an outstanding 3-1 victory over Bodo/Glimt in the UEFA...

The Internet Declared Kendall Jenner's 'King Kylie' Outfit a 'Fail.' Here's Why They're Right

The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right

October 22, 2025
Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

October 22, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
  • The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right
  • Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com