Carney’s Liberals Win Fourth Term in Tight Canada Election

Mark Carney and the Liberal Party have won a fourth straight election in Canada. The former central banker, who only entered politics a few months ago, led a campaign focused on growing the economy and standing firm against U.S. President Donald Trump’s trade threats.

As of early Tuesday morning, the Liberals were ahead in 167 seats. That’s more than the Conservatives' 145, but still short of the 172 needed for a majority. This means Carney will need support from other parties to pass laws. The Bloc Québécois could end up holding the balance of power, especially in Quebec.

Carney celebrated with supporters in Ottawa, but also acknowledged the close results. “While many have chosen to place their trust in me… millions of our fellow citizens preferred a different outcome,” he said. He promised to work with all parties in Parliament.

He talked about uniting different parts of the country. He stressed Quebec’s French heritage and the unique needs of Alberta and the Prairie provinces. He also praised the NDP’s progressive ideas.

Carney promised to focus on building Canada's strength and independence. He said he wants Canada to become an “energy superpower.” About Trump, he said, “We are over the shock of American betrayal,” but added that Canada must not forget what it learned.

Several European leaders welcomed Carney’s win. They showed interest in growing economic ties with Canada. Leaders from the UK and the EU praised Carney and hinted at closer future cooperation.

The Conservatives, led by Pierre Poilievre, increased their share of the vote. They gained ground in key suburban areas, especially around Toronto. Their message of tax cuts and more support for energy industries seemed to resonate. However, they could not overcome the Liberals' gains in Quebec and Atlantic Canada.

Smaller parties struggled. The NDP was hit especially hard, falling from 24 seats to around seven. The Canadian dollar rose briefly after the Liberal win but later dropped when it became clear the government would likely be unstable.

Carney’s rise has been fast. He became Liberal leader in March and quickly called an election. He made it clear he was not Justin Trudeau. He focused on economic policy and improving Canada’s trade and security relationships outside the U.S.

Carney warned voters about Trump. He said the U.S. is no longer a reliable ally. He wants to renegotiate Canada’s trade relationship with the U.S., especially on oil, gas, and cars. This is a big challenge since Canada sends most of its exports to the U.S.

Canada’s economy is shaky. Growth is slowing, and productivity is a long-standing problem. Carney wants to fix that by building energy projects, supporting green policies, and making homes more affordable. He also plans to cut taxes for the middle class.

Meanwhile, Alberta's premier is already warning of a possible national unity crisis if local demands aren’t met. Carney also has to manage rising tensions with Trump, who has threatened new tariffs on Canada’s key industries.

Poilievre’s campaign struggled late. Though he led early on, his message didn’t adjust to the new focus on Trump. His style reminded many voters of Trump, which turned them away. One analyst said Poilievre was trusted but not liked — a major reason he lost.