Trudeau also declared that he will resign as Prime Minister as soon as new leader of the Liberal Party is elected, and that he is proroguing the Canadian parliament until March 24.
Trudeau, who led the party for 11 years, made this announcement as his popularity in the country nearly hit rock bottom.
The Canadian Parliament's Public Accounts Committee has been expected to hold a meeting on January 7 to consider a motion of no-confidence in Prime Minister Justin Trudeau’s government.