Overview

• Mark Carney's Liberal Party has been projected to win 168 seats in Canada's House of Commons, falling four short of a majority, indicating a likely minority government.
• Carney's campaign focused on defending Canada's sovereignty against U.S. President Donald Trump's tariffs and annexation rhetoric, which resonated strongly with voters.
• Conservative leader Pierre Poilievre conceded defeat, with his party securing 144 seats, and lost his own parliamentary seat in a major upset.
• Carney declared in his victory speech that Canada's era of economic integration with the U.S. is over, vowing to diversify international partnerships and reduce reliance on the U.S.
• The Liberals' comeback marks a dramatic reversal from January, when they trailed the Conservatives by 20 points in polls after Justin Trudeau's resignation.