The This is reported by the Globe and Mail, external he could announce his intention to quit before his party’s meeting on Wednesday to avoid feeling that he has been ousted by his own MPs.
Their sources said it was unclear whether Trudeau would step down immediately or stay on as prime minister until a new leader is chosen.
And they emphasized that he has not yet made a final decision about his future.
Whoever takes over will have to lead the party through the election campaign as well as manage a possible trade war with the US.
The election is due to be held by October, but changes in the leadership of the Liberal Party could increase calls for a snap vote in the coming months.
Trudeau’s departure will mark the end of a defining era in Canadian politics.
He unexpectedly led his party to power in 2015, winning a campaign that started with them in third place.
The fresh-faced young leader, then 43, promised new policies focused on open immigration, higher taxes on the wealthy and a fight against climate change.
But his first term was marred by scandals. In recent years, he has struggled with declining popularity as disillusionment grew with the cost of living and his own governing style.
More than a dozen of his own MPs have called on him to resign, while polls show two-thirds of voters disapprove of him.
Only 26% of September Ipsos respondents said Trudeau was their top candidate for prime minister, 19 points behind Conservative leader Pierre Pouilleuve.
History is not on Trudeau’s side either: only two prime ministers have ever served four consecutive terms.
Poillieur rose to the top of his party in 2022 on promises to lower taxes, fight inflation and protect personal liberties.
The 45-year-old also rallied support for the Freedom Convoy truckers protesting the Covid mandates, a blockade that has brought Canadian cities including Ottawa to a standstill.
Canada’s next prime minister will have to contend with the threat of tariffs from incoming US President Donald Trump.
He has promised to impose 25% tariffs on Canadian goods unless the country secures its common border against the flow of illegal migrants and illegal drugs.
The “serious problem” this has created was mentioned in the resignation letter of Finance Minister Chrystia Freeland, who resigned hours before she was due to deliver her annual budget.
Trudeau told her he no longer wanted her to be his government’s chief economic adviser.
