Canadian Prime Minister Justin Trudeau announced his resignation, triggering the need for a new leader ahead of upcoming federal elections.
Trudeau's government faced declining support due to issues like a struggling economy, housing crisis, and immigration controversies.
The resignation of Finance Minister Chrystia Freeland was pivotal, exposing Trudeau's weakening political influence.
In the wake of Trudeau's departure, the Liberal Party will elect a new leader as they prepare for potential elections amid pressure from opposition parties.
Concerns over a trade war with the U.S. loom, particularly with rising tariffs proposed by the new American administration, impacting both economies.
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