- The current prime minister of Canada is rumored to be stepping down from the Liberal Party leadership amidst growing leadership concerns.
- Leader of the Conservative Party Pierre Poilievre is expected to emerge victorious in the upcoming federal election with his pro-crypto narratives.
Local news outlets in Canada have rumored that the country’s prime minister, Justin Trudeau, could be stepping down from his position as the leader of the Liberal Party. According to our research, his decision was triggered by the growing criticism and leadership crisis amid the upcoming Canadian federal election scheduled in October 2025.
🚨 BREAKING! 🚨
Justin Trudeau to step down as Canada’s prime minister this week.
This is great news for the people of Canada! pic.twitter.com/OttT6txgyK— Mike Tacular (@MikeTacular33) January 6, 2025
Trudeau’s ascension to fame occurred when he led the Liberal Party to power in 2015. However, a series of unfortunate events, including the COVID-19 pandemic and the realities of governing, has plunged the country into record inflation marked by skyrocketing food prices and an acute housing crisis.
The rising criticism is evident in the pre-election poll results that put the Liberal at 16% support. Data suggests that this is their worst in more than a century. Further looking into the gravity of the problem, CNF uncovered that two important MPs signed a letter in October 2025, calling for the step down of Trudeau.
The Liberal leader also visited Florida recently in an attempt to placate the US president-elect Donald Trump, promising him that “Canada would shore up the border with security.” However, he was publicly mocked by Trump days after.
Under his leadership, the Bank of Canada halted its seven-year Central Bank Digital Currency (CBDC) plans to focus on modernizing payment systems, as we highlighted in our previous article.
Opposition Leader’s Crypto Interest in the Upcoming Canada Election
Amid this chaos, the leader of the Conservative Party, Pierre Poilievre, has strategically positioned himself to align with the interests of the rising tech enthusiasts. According to a Financial Post report in 2022, Poilievre pledged that he would fire the Bank of Canada governor if elected as prime minister. Fascinatingly, he is a staunch supporter of cryptos, as his interest in the emerging industry is known by all.
In 2022, MPs criticized Poilievre during a House of Common debate on a proposed crypto legislation. According to them, his constant advocacy for the asset led to the bankruptcy of some seniors. Liberal MP, Stéphane Lauzon specifically called him out for pushing the use of the asset class to fight inflation.
The leader said one of the best ways to fight inflation here in Canada is to invest in cryptocurrency. Imagine all those Conservative delegates and possibly others who might have been listening to the Conservative leader. Imagine all the seniors who listened to the Conservative leader? What position would they be in now?
Crypto played a crucial role in the recent US election as Donald Trump extensively convinced the industry players to support him. As mentioned in our previous news brief, Trump pledged to establish a Bitcoin strategic reserve for the US and make the country the crypto center of the world.
The advocacy organization Stand With Crypto, which has partners like Coinbase and Kraken, also pushed for the crypto narrative in the just-ended election. A CNF report disclosed that the advocacy group directly donated to crypto-endorsing Congressional candidates. Meanwhile, its Canadian branch is not yet ready to support a candidate in this year’s election.
According to them, the plan is to gather a group of crypto advocates to raise supporters who could confront the leaders on the asset class. The Chief Executive of Toronto-based WonderFi Technologies Inc., Dean Skurka, believes that the crypto narrative could become bigger by emulating the US.
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