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Canadian PMI Trudeau set to announce resignation before national caucus meeting on Wednesday

Citing three sources, a Canadian news outlet, The Global and Mail, reported on Sunday that Prime Minister (PM) Justin Trudeau will likely announce as early as Monday that he will resign as Liberal Party Leader.

The sources said that the timing of Trudeau’s announcement is not definitely known but said they expect it will happen before a key national caucus meeting on Wednesday.

The three sources added that they are unsure about what the Liberal Party national executive plans to do to replace Mr. Trudeau as leader.

However, a fourth source said they believed that Mr. Trudeau would stay in his position until a new leader was chosen. 

This comes “as the Prime Minister faces a caucus revolt and dismal public opinion polls that show his party will likely be swept out of power by Pierre Poilievre’s Conservatives in a landslide victory,” the Canadian news agency reported.

NZD/USD gathers strength above 0.5600 as Chinese Services PMI rises to seven-month high

The NZD/USD pair attracts some buyers to near 0.5620 on Monday during the Asian trading hours on Monday.
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Australian Dollar holds gains following Caixin China Services PMI

The Australian Dollar (AUD) extends its gains for the third successive session against the US Dollar (USD) on Monday.
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