Canadian Prime Minister Trudeau is 'considering his options as leader', sources have said, while his Finance Minister Chrystia Freeland revealed she will quit.
READ MORE:Canadian Prime Minister Justin Trudeau is on the brink of resigning as his liberal government crumbles around him, according to CTV News .
The resignation by Freeland, 56, who also served as deputy prime minister, is one of the biggest crises Trudeau has faced since taking power in November 2015. Canadian Prime Minister Justin Trudeau is on the brink of resigning as his liberal government collapses around him, according to CTV News Trudeau can be toppled if the opposition parties unite against him on a vote of no confidence, though that cannot happen until late January at the earliest.'We cannot accept this kind of chaos, division, weakness, while we're staring down the barrel of a 25% tariff from our biggest trading partner ... we simply cannot go on like this,' he told reporters.
Freeland quit on Monday after clashing with Trudeau on issues including how to handle possible U.S. tariffs, dealing a huge blow to an already unpopular government Trudeau has been under pressure for months from Liberal legislators alarmed by the party's poor polling numbers, in part due to unhappiness over high prices.Canada's 10-year note yields climbed to their highest level since November 28. They were last up 4.2 basis points at 3.2%. The Canadian dollar weakened to a four and a half year low at 1.4268 per U.S. dollar before reversing course.
When Trump came to power in 2017 he vowed to tear up the trilateral free trade treaty with Canada and Mexico. Freeland played a large role in helping renegotiate the pact and saving Canada's economy, which is heavily reliant on the United States.
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