Justin Trudeau resigns and suspends parliament until March
Canadian Prime Minister Justin Trudeau announces his resignation
Canadian Prime Minister Justin Trudeau has announced his resignation.
The 53-year-old said he will step down as leader of the country's ruling Liberal Party, which he has led since 2013.
He says it will allow his party to choose a new leader as he suspends parliament until March due to political deadlock.
He said "internal battles" mean that he "cannot be the best option" in the next election.
"I don't easily back down faced with a fight, especially a very important one for our party and the country. But I do this job because the interests of Canadians and the well-being of democracy is something that I hold dear. A new prime minister and leader of the Liberal Party will carry its values and ideals into that next election. I am excited to see that process unfold in the months ahead," he said.
Former governor of the Bank of England, Mark Carney, is among the favourites to succeed him.
Chrystia Freeland, whose resignation as finance minister and deputy prime minister precipitated the current crisis, leads in the polls.
Other front-runners are the former premier of British Columbia, Christy Clark, current finance minister Dominic LeBlanc and minister of foreign affairs, Melanie Joly.
Trudeau, who has been prime minister since 2015, faced calls to quit from a chorus of his MPs amid poor showings in opinion polls.
He came under further pressure after Freeland quit in December because of policy disagreements, including over how to handle possible US tariffs imposed by Donald Trump's incoming administration.
Trudeau's resignation comes as the polls show his party is likely to suffer a heavy defeat to the official opposition Conservatives in an election that must be held by late October.
The Liberals must now name an interim leader to take over as prime minister ahead of a special leadership convention.
Trudeau came to power 10 years ago following a decade of Conservative Party rule and was initially praised for returning the country to its liberal past.
But he has become deeply unpopular with voters in recent years over a range of issues, including the soaring cost of food and housing and surging immigration.
He is the eldest son of Pierre Trudeau, one of Canada's most famous prime ministers, who led the country from 1968 to 1979 and from 1980 to 1984.
The political upheaval comes at a difficult moment for Canada internationally.