Trudeau to hold press conference, will announce he’s stepping down

On the weekend, the rumours continued that Trudeau was on the way out.

Now it’s virtually confirmed as the CBC reports that Trudeau will hold a press conference at 5:45 pm ET (2245 GMT) (Update: They now say it will be at 10:45 am ET) and announce he intends to step down as party leader, though not until a new leader is selected. Prior to that, he’s likely to announce his resignation to a national caucus meeting.

Now this isn’t straightforward. The Liberals don’t have a majority government and it takes 3-4 months to hold a proper leadership race. Other parties may wish to topple the government before then and the Governor General may not grant a request to prorogue parliament.

This article was written by Adam Button at www.forexlive.com.