While the exact timing remains unclear, sources indicate that Trudeau's resignation will likely be made before a crucial national caucus meeting scheduled for 8th of January. It is still uncertain whether he will step down immediately or remain in office until a new leader is appointed.
His departure would leave the party without a permanent leader at a pivotal moment, with recent polls suggesting the Liberals are on track for a significant defeat to the Conservatives in the upcoming election, which are to occur by late October.
The timing of Trudeau’s resignation could also prompt calls for an expedited election to establish a new government, especially given the potential challenges posed by President-elect Donald Trump’s administration over the next four years.
Sources also report that Trudeau has discussed the possibility of Finance Minister Dominic LeBlanc stepping in as interim leader and prime minister. However, this plan could face complications if LeBlanc intends to pursue the leadership position himself.
Trudeau has led the Liberal Party since 2013, taking charge during a challenging time when the party had fallen to third place in the House of Commons, marking a historic low.