Scheer Quits as Tory Leader After Failing to Defeat Trudeau

(Bloomberg) -- Justin Trudeau’s main rival is stepping down as Conservative Party leader after failing to unseat the Canadian prime minister in October’s election.Andrew Scheer, 40, called a special caucus meeting Thursday morning in Ottawa, where he informed lawmakers of his decision to resign. He later confirmed his departure in a speech to the House of Commons.“I made this decision because it’s the best thing for our party,” Scheer said, before receiving a standi