What next after Trudeau steps down?

Prime Minister Justin Trudeau’s resignation as Prime Minister and Liberal Party Leader sets off a contest for who will lead the party into the election due by October, but which could happen much sooner if the opposition parties manage to topple the minority Liberal government with a no-confidence vote. There are few immediate economic consequences of Trudeau’s decision, given the Conservatives seem likely to win a big majority this year no matter who replaces Trudeau. But it does mean there will be a power vacuum in Canada just as the incoming Trump administration in the US is considering imposing a 25% tariff on shipments to the south.