Tuesday, June 3, 2025

Justin Trudeau’s Farewell Speech: A Call for Bold Unity Amid Trade War Threats

Canadian Prime Minister Justin Trudeau delivers his final farewell speech as the incumbent leader at the Liberal Party\'s leadership election event in Ottawa, Canada, on Sunday. / Yonhap News
Canadian Prime Minister Justin Trudeau delivers his final farewell speech as the incumbent leader at the Liberal Party’s leadership election event in Ottawa, Canada, on Sunday. / Yonhap News

In his farewell speech, Canadian Prime Minister Justin Trudeau stressed the need for unity against upcoming threats, including a trade war with the United States. He said, “The world is watching what Canadians will do.”

According to the BBC, on Sunday, Trudeau delivered what was effectively his final farewell speech as the sitting prime minister at the Liberal Party leadership election event in Ottawa.

Introduced by his daughter, Trudeau took the stage and told party members that Canada is a country that fights “with elbows up” when necessary, alluding to the trade war with the Trump administration.

The expression “elbows up” originates from Canada’s national sport, hockey, and has recently become a symbol of the growing resentment among Canadians toward the Trump administration.

He urged, “Let us remain unwavering, bold, and united—not just thinking about our party but proving our love for our country.”

Since taking office in 2015 and serving as prime minister for over nine years, Trudeau has struggled with declining approval ratings in recent years due to rising inflation, housing prices, and immigration issues.

After Trump’s inauguration, Trudeau faced a political crisis, with even his closest allies turning their backs on him. Ultimately, in January, he resigned, stating he would step down as Liberal Party leader and prime minister once a successor was chosen.

On the same day, the Liberal Party elected former Bank of Canada Governor Mark Carney, 59, as its new leader, succeeding Trudeau.

In his speech concluding his more than nine-year tenure, Trudeau emphasized that Canada was approaching “a moment that will define the nation’s identity” and called for a unified response from the Canadian people.

Hot this week

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Topics

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

Related Articles