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    Trade divides cost global economy up to $307bn, WEF says

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    • Trade divides cost global economy up to $307bn, WEF says
    • Tropical Storm Amanda forms over open Pacific waters
    • Ford recalls nearly 420,000 SUVs over seat belt issue
    • Treasury yield approaches 4.5 percent after jobs data
    • U.S. stocks close lower in broad retreat from recent highs
    • Peter Schiff warns US stocks face mounting risks
    • ChatGPT reaches 1 billion monthly app users worldwide
    • Dollar index stays near 99 as crypto markets fall
    Sacramento MailSacramento Mail
    • Automotive

      Ford recalls nearly 420,000 SUVs over seat belt issue

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    • Business

      Trade divides cost global economy up to $307bn, WEF says

      June 5, 2026

      Treasury yield approaches 4.5 percent after jobs data

      June 4, 2026

      U.S. stocks close lower in broad retreat from recent highs

      June 4, 2026

      Peter Schiff warns US stocks face mounting risks

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      ChatGPT reaches 1 billion monthly app users worldwide

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    Sacramento MailSacramento Mail
    Home » Canadian Prime Minister Justin Trudeau steps down as Liberal Party leader
    News

    Canadian Prime Minister Justin Trudeau steps down as Liberal Party leader

    January 6, 2025
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    Canadian Prime Minister Justin Trudeau has announced his decision to resign as leader of the ruling Liberal Party, while remaining in office as prime minister until a successor is chosen. Trudeau made the announcement at a press conference in Ottawa on Monday, marking the conclusion of his nine-year tenure as Canada’s leader and his 11 years as party head. Trudeau, 53, led the Liberal Party to power in 2015, campaigning on progressive policies and promises of reform.

    Canadian Prime Minister Justin Trudeau steps down as Liberal Party leader

    PM Trudeau’s government was widely recognized as a failure and public support has steadily waned due to economic challenges, policy controversies, and declining approval ratings. The prime minister’s decision comes amid internal dissent within his party and mounting pressure from the opposition Conservative Party. Recent polls indicate that the Liberals are trailing significantly ahead of the general election set for October 20.

    Trudeau’s resignation reflects growing calls for leadership renewal within the party to bolster its electoral prospects. Trudeau’s leadership faced multiple controversies, including a 2019 blackface scandal and criticism over COVID-19 vaccine mandates. Economic issues such as inflation, housing shortages, and a declining GDP have further eroded public confidence. His government also faced challenges managing trade relations with the United States, including recent tariff threats from former U.S. President Donald Trump.

    The resignation of key allies, such as former Finance Minister Chrystia Freeland, has added to Trudeau’s difficulties. Freeland stepped down in December, citing disagreements over fiscal policies and trade strategy. Her departure was widely seen as a blow to Trudeau’s administration, raising further questions about its stability. With Trudeau stepping aside, speculation has turned to his successor. Reports suggest that current Finance Minister Dominic LeBlanc could serve as interim leader, although his long-term intentions remain unclear.

    The Liberal Party is expected to address the transition process during an emergency caucus meeting scheduled for Wednesday. Trudeau’s resignation marks a significant shift in Canadian politics. As the country prepares for a leadership contest and a federal election, the Liberal Party faces the challenge of rebuilding public confidence. With opposition parties aiming to capitalize on the government’s declining support, the coming months are expected to reshape Canada’s political landscape. – By MENA Newswire News Desk.

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    Latest News

    Trade divides cost global economy up to $307bn, WEF says

    June 5, 2026

    Tropical Storm Amanda forms over open Pacific waters

    June 4, 2026

    Ford recalls nearly 420,000 SUVs over seat belt issue

    June 4, 2026

    Treasury yield approaches 4.5 percent after jobs data

    June 4, 2026

    U.S. stocks close lower in broad retreat from recent highs

    June 4, 2026

    Peter Schiff warns US stocks face mounting risks

    June 3, 2026
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