Canadian Prime Minister Justin Trudeau announced his resignation, citing low approval ratings and internal party pressures. Key candidates to succeed him include Chrystia Freeland, Mark Carney, and Anita Anand. The Liberal Party must address rising living costs and economic challenges posed by the incoming Trump administration. With the Conservatives leading in polls, the Liberals are under pressure to quickly select a new leader before elections, which must occur by October. The leadership contest comes as Trudeau's departure signifies a significant shift in Canadian politics.