Trudeau steps down as Canada PM
Financial Express Mumbai|January 07, 2025
PARLIAMENT SUSPENDED UNTIL MARCH 24; SUCCESSION RACE BEGINS
DAVID LJUNGGREN

CANADIAN PRIME MINISTER Justin Trudeau announced on Monday that he will step down as leader of the ruling Liberals after nine years in office but will stay on in his post until the party chooses a replacement.

Trudeau, under heavy pressure from Liberal legislators to quit amid polls showing the party will be crushed at the next election, said at a news conference that parliament would be suspended until March 24. That means Trudeau will still be prime minister on January 20 when US President-elect Donald Trump takes office. Trump has threatened to impose tariffs that would cripple Canada's economy.

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