Britons have voted to Brexit the European Union.
The Leave campaign won out over the Stay campaign following what was considered a tight run-up to the vote.
Prime Minister David Cameron was pushing hard to remain in the European Union and has announced he will resign by this fall.
Stock markets are down across the globe and the British Pound has dropped to its lowest level in 31 years.
The actual untethering from the EU will take at least two years to become official.
During that time, Britain will still have to hold to EU laws but won’t be able to take part in any decision making within the 28-nation bloc.
Prime Minister Justin Trudeau issued the following statement Friday in reaction to the vote:
“The people of the UK have chosen to leave the EU.
“The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values. We will continue to build relations with both parties as they forge a new relationship.
“Canada’s connections to our partners around the world are among its greatest assets, and these relationships contribute greatly to the prosperity of all Canadians.
“Canada has tremendous economic fundamentals that we are strengthening with key investments in infrastructure and measures to grow our middle class. We are well positioned to weather global market uncertainty as we have done in the past.
“Prime Minister David Cameron indicated today that he will resign by the fall. On behalf of all Canadians, I would like to thank him for being such a close ally and good friend to our country. We wish him well.”