Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

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

by
January 6, 2025
in Latest News
0
Canadian PM Justin Trudeau to announce resignation as early as Monday: report

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
Previous Post

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Next Post

South Korea extends shutdown of Muan airport due to crash probe

Next Post
South Korea extends shutdown of Muan airport due to crash probe

South Korea extends shutdown of Muan airport due to crash probe

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

January 27, 2025
Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

September 9, 2025
Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

September 9, 2025
Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

September 9, 2025
‘No means of escape’: Sudanese rebels create kill zones around besieged city

‘No means of escape’: Sudanese rebels create kill zones around besieged city

September 9, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

    Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

    September 9, 2025
    Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

    Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

    September 9, 2025
    Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

    Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

    September 9, 2025
    ‘No means of escape’: Sudanese rebels create kill zones around besieged city

    ‘No means of escape’: Sudanese rebels create kill zones around besieged city

    September 9, 2025

    Top News

    Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

    Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

    September 9, 2025
    Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

    Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

    September 9, 2025

    Latest News

    • Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report
    • Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons
    • Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.