Justin Trudeau, Canada’s prime minister, departs after announcing his resignation at a news conference in Ottawa.
Photographer: David Kawai/BloombergCanada Tilts Right: Inflation Claims Trudeau as Its Latest Victim
The prime minister’s resignation marks both the end of a political era and the beginning of a potentially dramatic reshaping of the nation’s economy.
As Justin Trudeau’s resignation throws Canada into political turmoil, at least one thing seems certain: An economy centered on record immigration, expanded government spending and green ambitions is set for a dramatic reshaping.
The end of the prime minister’s nine-year reign in large part reflects mounting discontent over the cost of living and weak economic growth. Now, as Canada prepares for the Donald Trump era, its Conservative Party is in prime position to take power and push the country away from the progressive policies that defined Trudeau’s tenure.