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The current government is a minority government, so the opposition parties can force an election whenever. By law, the next election has to occur by October 5th, but the opposition will likely trigger an election at the earliest opportunity. This is why Trudeau also delayed the next next sitting of parliament until March, to allow the party to elect a new leader before the inevitable election.
Long story short, the Conservatives will likely be in power by summer.
The NDP isn't dumb enough to support a no confidence vote. They threatened to do so to get Trudeau out but there's no way they'd go through with it. The projected conservative majority would kill the influence they currently have.
They don't really have anything to gain by delaying until October, and they lose any power/credibility they have anyway if they make this an empty threat.
They get to maintain their influence (however small) over the government for another 9 months. Trudeau stepping down is an easy out for the NDP to claim they got what they wanted.
They gain more money, because they are the only major political party that has virtually zero dollars in donations from companies. The NDP absolutely struggle when there are frequent elections, because they're funded almost entirely by the (barely remaining) middle class, and the poor. After Harper removed the cap/guaranteed money for each party to have per election, the NDP have been so far behind the funding of the other parties it's very sad.
Is Musk legally eligible to be the PM?