Canadian Prime Minister Justin Trudeau is reportedly set to announce his resignation as early as Monday, according to multiple Canadian news sources.

The Globe and Mail first broke the story on Sunday evening, citing three unnamed sources. While the exact timing remains unclear, the resignation is anticipated before Wednesday’s national caucus meeting.

This development follows a period of declining approval ratings for Trudeau amidst Canada’s ongoing struggles with a housing crisis, a shrinking per-capita GDP, and high inflation. These challenges coincide with a federal election scheduled for October 20th.

According to Angus Reid Institute polling data from December 24th, Trudeau’s disapproval rating stands at approximately 68%, with only 28% expressing support.

A potential resignation would cap a challenging period for Trudeau, who assumed office in 2015. He faced a failed confidence vote in Parliament in September, fueled by efforts from the Conservative Party to oust him.

On December 16th, Deputy Prime Minister Chrystia Freeland resigned from Trudeau’s cabinet, delivering a significant blow. In her resignation letter, Freeland cited irreconcilable differences over Canada’s economic path, stating that leaving the cabinet was the only “honest and viable path.”

“For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada,” Freeland, previously considered a Trudeau loyalist, wrote.

“Our country is facing a grave challenge,” the letter continued. “That means keeping our fiscal powder dry today, so we have the reserves we may need for a coming tariff war.”

Later in December, Jagmeet Singh, a key Trudeau ally and leader of the New Democratic Party, announced plans to table a formal motion of no-confidence on January 27th.

“No matter who is leading the Liberal Party, this government’s time is up. We will put forward a clear motion of non-confidence in the next sitting of the House of Commons,” Singh stated.

Trudeau’s personal conduct has also drawn criticism. In late November, he faced international condemnation after being seen attending a Toronto event amid violent protests in Montreal.

Don Stewart, a Toronto MP, criticized the Prime Minister on X (formerly Twitter), stating: “Lawless protesters run roughshod over Montreal in violent protest. The Prime Minister dances. This is the Canada built by the Liberal government. Bring back law and order, safe streets and communities in the Canada we once knew and loved.” Trudeau subsequently denounced the violence, calling the riot “appalling.”

Digital has contacted Trudeau’s office for comment.

Chris Massaro, The Associated Press and Reuters contributed to this report.