International

Justin Trudeau announces his resignation from the leadership of his party and as Prime Minister of Canada

The Prime Minister of Canada, Justin Trudeau, announced on Monday his resignation as prime minister and leader of the Liberal Party at a press conference after remaining in power for more than nine years.

“I intend to resign as party leader and as prime minister after the party selects its next leader through a competitive and rigorous process at the national level,” Trudeau said.

The prime minister explained that, although he is a “fighter”, he has come to the conclusion that he is not the “best option” for the next elections, scheduled for October, and therefore he has decided to step aside.

“During the holidays, I have also had the opportunity to reflect and I have had long conversations with my family about my future,” he explained to add: “Yest night, during dinner, I communicated my decision to my children.”

The decision means that Trudeau will remain provisionally as Prime Minister of Canada until the Liberals find a replacement.

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“The Liberal Party of Canada is an important institution in the history of our great country and our democracy. A new prime minister and party leader will maintain the ideas and values of the Liberal Party,” he explained.

Trudeau, who came to power at the end of 2015, faces the collapse of his image in opinion polls and a growing rebellion within the Liberal Party, aggravated by the unexpected resignation of his deputy prime minister and finance minister, Chrystia Freeland, on December 16.

Avoid a motion of censure in the Parliament of Canada

Trudeau also reported that the Canadian Parliament will remain closed until March 24, which will prevent opposition parties from immediately filing the announced motion of censure against the Government.

The Canadian leader justified the controversial decision, which has been approved by the country’s governor general, Mary Simon, who acts as head of state on behalf of the English monarch, to extend Parliament due to the “paralysis” of the Lower House.

“That is why this morning I advised the governor-general that we need a new session of Parliament. He has authorized the petition and the Lower House will be extended until March 24,” he said.

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Trudeau acknowledged that, once the sessions of Parliament are restarted, the opposition parties will present a motion of censure to overthrow the Government

The extension, which effectively ceases all legislative activities, is a controversial mechanism that was last used in 2020 when Trudeau was facing a serious scandal about government contracts with an NGO.

In December 2008, the then Prime Minister, the Conservative Stephen Harper, also extended Parliament to avoid a motion of censure that would have caused the fall of his government.

Opposition parties, which have a majority in Parliament, had announced that they would table a motion of censure against Trudeau as soon as Lower House sessions resumed.

Trudeau exalts those he considers his achievements

He also listed what he considered achievements of his nine-year government, such as poverty reduction and the fight against climate change, but also regretted not having been able to reform the Canadian electoral system to avoid the political “polarization” that is being experienced in the country.

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Finally, he expressed his desire that his resignation would allow the next general election, scheduled for October of this year, not to be so divisive.

Opposition parties point out that resignation does not change anything

The deferred resignation announced by the Prime Minister of Canada, Justin Trudeau, has not changed anything, said the leaders of the three main opposition parties in the country, who reaffirmed their intention to present a motion of censure as soon as possible.

Pierre Poilievre, leader of the main opposition group, the Conservative Party, issued a statement after Trudeau’s announcement in which he assured that “this does not change anything.”

“Canadians desperate to turn the page of this dark chapter in our history may be relieved that Justin Trudeau is finally leaving. But what has really changed?” said Poilievre, who according to the polls is destined to win the next general elections.

Polievre added that the reason why the Liberal Party has decided to replace its leader is because the Liberal deputies “feel guilty” for the policies that he considers have broken the country during Trudeau’s nine-year term.

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International

U.S. reinforces southern border with additional military personnel

U.S.-Mexico border crossing closed due to protests

The U.S. military has announced the deployment of more than 600 additional troops to the Mexico border, reinforcing President Donald Trump’s efforts against illegal immigration and drug trafficking.

According to the U.S. Northern Command (Northcom), the new deployment includes 40 Air Force intelligence analysts and 590 Army engineers. This move will increase the total number of troops currently stationed or scheduled for deployment at the southern border to approximately 9,600.

The decision aligns with the administration’s broader border security strategy, emphasizing intelligence gathering, infrastructure development, and operational support for law enforcement agencies.

International

New ‘Bitcoin Bonds’ could save U.S. government $554 Billion, says investor Andrew Hohns

Andrew Hohns, renowned investor and founder of Newmarket Capital, recently introduced his ‘Bitcoin Bonds’ at the Bitcoin for America event. This innovative mechanism combines traditional U.S. Treasury bonds with investments in Bitcoin, aiming to lower federal debt costs while building a strategic Bitcoin reserve for the government.

Hohns’ plan proposes issuing $2 trillion in bonds, allocating 10% to Bitcoin purchases and 90% to other government expenditures. These bonds would offer a significantly lower interest rate of 1%, compared to the current 4.5% on 10-year bonds—potentially saving the federal government $554 billion over a decade.

A unique feature of these bonds is that investors would not only receive the standard 4.5% annual interest but also share profits from Bitcoin’s value appreciation with the government. Additionally, Hohns advocates for tax exemptions on capital gains and interest earnings from these bonds, making them an attractive option for American families looking to hedge against inflation.

“This plan doesn’t just cut debt costs—it provides American families with a new savings tool,” said Hohns.

International

Pedro Castillo suffers health crisis, rushed to hospital

Former Peruvian President Pedro Castillo, who has been on a hunger strike since Monday, was hospitalized after suffering a health crisis, the court handling his trial announced on Thursday.

The 55-year-old was rushed to the Vitarte Hospital, the nearest facility to the presidential prison where he has been detained since December 2022. Judge Norma Carbajal stated that Castillo experienced a decompensation just hours before his trial resumed. However, medical reports confirm that he is now stable and out of danger.

Despite a request from Castillo’s public defender to suspend the hearing, the court decided to continue with the proceedings.