Justin Trudeau has announced he will step down after nine years as Canadian prime minister in the face of a mounting set of crises, but stay in office until a replacement party leader is chosen.

Canada's ruling Liberal Party is looking for a new leader to replace Prime Minister Justin Trudeau, who announced on Jan. 6 he intended to step down. The Liberal Party will pick a new chief on March 9.

Canadian Prime Minister Justin Trudeau announced on Monday, Jan. 6, that he intends to resign as leader of the nation's Liberal Party after nearly 12 years at the helm, also marking the end of his pre

In mid-December, Chrystia Freeland, the deputy prime minister and head of finance, unexpectedly resigned citing disagreements over the handling of Trump’s suggested 25 percent tariffs on the country – an issue that could damage the economy of both countries.

After weeks of speculation and calls from politicians even within his own party to resign, Prime Minister Justin Trudeau announced that he will step down as leader of the Liberal Party when a replacement is chosen. It’s a significant and still quite rare moment in Canadian history.

Trudeau announced his resignation after facing an increasing loss of support from both within his party and in the country.

The pool of potential candidates to replace Prime Minister Justin Trudeau continues to dwindle down with both former B.C. premier Christy Clark and Innovation Minister François-Philippe Champagne announcing they won't seek the Liberal Party leadership.