In the sunny beginnings of Justin Trudeau’s time in power, a journalist asked him why his cabinet was 50 percent female. Mr. Trudeau gave a now well-known response: “Because it’s 2015.” If you want to know why on Monday he announced his plan to resign as prime minister, the answer is just as simple: Because it’s 2025.

Canadian Prime Minister Justin Trudeau said today that he’d step down as head of the country’s Liberal Party, after weeks of speculation that his time in leadership was coming to an end.

In Canada, the head of the party with the highest number of seats in Parliament leads the country. Though Trudeau will no longer be the Liberal Party leader, he’ll remain prime minister until his party chooses a new leader, likely in the next two months. Canada must also hold a general election by October to choose a new government.

Canada’s Justin Trudeau era is coming to an end.

The three-term prime minister announced Monday morning that he plans to step down as prime minister and as party leader once the Liberals choose his successor.

Trudeau told Canadians in a televised address that although he prides himself on being a fighter, he will step aside because of the divisiveness and polarization around his leadership — including inside his own caucus.

The Canadian dollar rose to a near three-week high against its U.S. counterpart on Monday, as investors weighed the potential for Canada's economy to escape broad-based U.S. tariffs and a report that Canadian Prime Minister Justin Trudeau would resign.

The loonie was trading 0.7% higher at 1.4350 to the U.S. dollar, or 69.69 U.S. cents, after touching its strongest intraday level since Dec. 17 at 1.4280.

The Canadian prime minister, Justin Trudeau, is expected to announce on Monday that he plans to step down, after a snowballing leadership crisis during which he lost support from within his own party.

The prime minister’s office said he would speak about his political future from Rideau Cottage, his temporary residence, at 10.45 am. The press conference marks the first time that he will have answered questions from reporters since November.

Justin Trudeau is expected to announce as early as Monday that he will resign as Liberal Party Leader, three sources said Sunday, as the Prime Minister faces a caucus revolt and dismal public opinion polls that show his party will likely be swept out of power by Pierre Poilievre’s Conservatives.

Canadian Prime Minister Justin Trudeau is expected to announce as early as Monday that he will step down as leader of the ruling Liberal Party, Canadian media reports, ahead of a general election to be held later this year that he is widely expected to lose.

Trudeau will likely announce his resignation before a key national caucus meeting on Wednesday, sources told the Globe and Mail and Reuters. However, the sources stressed Trudeau has not made a final decision.

Canadian Prime Minister Justin Trudeau could announce his resignation within days, according to media reports.

He is considering stepping down as leader of the governing Liberal Party, which could also bring to an end his nine years as prime minister.

Last month his finance minister quit, citing policy disagreements such as how to deal with Donald Trump's threat to levy US tariffs on Canadian goods.

Trudeau's popularity has also plummeted among voters, with polls suggesting his party are on course for a general election defeat this year.

A top official within Canadian Prime Minister Justin Trudeau’s Cabinet abruptly resigned, citing growing policy disagreements on how the country should respond to tariff threats posed by President-elect Donald Trump and his “America First” economic agenda.