Canada's Trudeau announces bill to cap sales, transfers and imports of all handguns in the country

Canadian Prime Minister Justin Trudeau on Monday announced the introduction of a bill that would place a national freeze on handgun ownership across Canada.

"What this means is that it will no longer be possible to buy, sell, transfer or import handguns anywhere in Canada," Trudeau said in a news conference.

"In other words we're capping the market," he added.

If passed, the new anti-gun legislation will fine gun smuggling and trafficking "by increasing maximum criminal penalties and providing more tools for law enforcement to investigate firearm crimes," Trudeau said.

The new legislation would also require that long gun magazines "can never" hold more than five rounds.

"Gun violence is a complex problem, but at the end of the day the math is really quite simple: The fewer the guns in our communities, the safer everyone will be," the Prime Minister said.