Prime Minister Justin Trudeau of Canada announced his resignation on Wednesday, marking the end of his seven-year tenure. Trudeau stated that he had requested the Liberal Party to initiate a leadership contest, the winner of which would become the new prime minister and lead the party into the next election.

Trudeau's decision to step down comes amidst growing criticism over his handling of the economy, the COVID-19 pandemic, and internal party divisions. The Liberal Party has faced declining poll numbers and lost several safe seats in recent elections.

Trudeau's resignation has been met with mixed reactions. Some have praised his leadership, while others have criticized his policies and performance. The Conservatives, the main opposition party, have called for an immediate election.

The leadership contest to replace Trudeau is expected to be a crowded field. Several potential candidates have already emerged, including Finance Minister Chrystia Freeland and former central banker Mark Carney.

The outcome of the leadership contest will have significant implications for Canada's future. The new leader will face a number of challenges, including the ongoing COVID-19 pandemic, the economic recovery, and relations with the United States.