Key Takeaways From Trudeau’s Resignation as Party Leader

(Bloomberg) -- Here are the key takeaways from Canadian Prime Minister Justin Trudeau’s announcement Monday in Ottawa that he was stepping down as leader of the Liberal Party:

Most Read from Bloomberg

• NYC’s Subway Violence Deters Drive to Bring Workers Back to Office

• Can American Drivers Learn to Love Roundabouts?

• Don’t Shrink the Bus

• Dutch Central Bank Restores Amsterdam’s ‘Ugliest Building’

• NYC Congestion Pricing Takes Effect After Years of Delays

• Trudeau will resign as party leader and prime minister after the Liberal Party selects its next leader

• Canadian Parliament will be suspended until March 24

• Trudeau said it’s “obvious” that he cannot be the one to carry the Liberal standard into the next election

• He believes another Liberal leader can “absolutely” beat his main rival, Conservative Party leader Pierre Poilievre

• The Canadian dollar jumped when the Globe and Mail reported that Trudeau was likely to quit this week, but reversed some gains after US President-elect Donald Trump denied a Washington Post report that he’s considering a more moderate tariff plan

To access the full live blog, click here to read on the Terminal and here online.

Most Read from Bloomberg Businessweek

• The US’s Worst Fears of Chinese Hacking Are on Display in Guam

• Elon Musk Is Not Having a Happy New Year

• Luxury Brands Need to Get Over Their Youth Fixation to Offset Drag From Trump’s Tariffs

• Why Everyone’s Obsessed With Meat Sticks and Cottage Cheese

• Zyn’s Online Hype Risks Leading to the Nicotine Pouches’ Downfall

©2025 Bloomberg L.P.