Overview

• Justin Trudeau, Canada's Prime Minister for nearly ten years, gave a tearful farewell speech, emphasizing his commitment to putting Canadians first during his tenure.
• Trudeau confirmed he will not remain as a caretaker prime minister, with the Liberal Party set to choose his successor on Sunday.
• The leadership race is expected to favor former central banker Mark Carney over former Deputy Prime Minister Chrystia Freeland, with the new leader likely to assume office next week.
• Trudeau highlighted key challenges of his premiership, including managing U.S. relations under Donald Trump, the COVID-19 pandemic, and global crises like Russia's invasion of Ukraine.
• As he prepares to leave office, Trudeau faces ongoing trade tensions with the U.S., with retaliatory tariffs temporarily paused until April 2, leaving the issue for his successor to navigate.