Canadians Elect Mark Carney As Prime Minister

The CBC reports:

Mark Carney achieved what seemed like an impossible feat just a few months ago, leading the Liberals to another victory after an election that was shaped by U.S. President Donald Trump’s trade war and threats of annexation. The CBC Decision Desk is projecting a fourth Liberal term — a rarity in Canadian politics — but it’s too close to tell whether it will be majority or minority government.

Carney, a central banker who only jumped into Canadian politics in January, successfully reversed his party’s fortunes after polling earlier this year suggested defeat was all but guaranteed. But the race against the Conservatives is shaping up to be closer than many polls predicted. The Liberal share of the vote hovers just above 43 per cent and, as of 3 a.m. ET, are leading or projected elected in about 167 seats, short of the 172 needed to form a majority government.

CTV News reports:

Mark Carney vowed to govern for all Canadians after leading the Liberals to a narrow victory on Monday in an election dominated by issues like affordability, tariffs and annexation threats from U.S. President Donald Trump. CTV News is declaring the Liberals have won enough seats in the 45th federal election to form a minority government.

“I chose to enter politics because I felt we needed big changes in this country, but big changes guided by strong Canadian values,” Carney told cheering supporters in Ottawa early Tuesday. “And those include three values that I want to highlight this evening: humility it’s Canada after all; ambition, it’s Canada after all; and unity.”

Jagmeet Singh’s NDP and the Bloc Québécois also saw significant losses. The NDP is currently projected to win just seven seats, down from 24 before the election. The Bloc could win 23, down from 33. Either party could hold the balance of power in the next parliament.  After losing his Burnaby Central riding in B.C. to a Liberal challenger, Singh announced Monday that he would be stepping down as NDP leader.

The New York Times reports:

Mr. Carney’s victory was an extraordinary political comeback for the Liberals. Just a few months ago, they trailed the opposition Conservative Party under Pierre Poilievre by nearly 30 percentage points according to opinion polls, and it was widely expected that the Liberals faced a near-death experience.

But that was before Mr. Trump began talking about annexing Canada and imposing potentially crippling tariffs on the country. It was also before Justin Trudeau, who many voters had soured on after nearly a decade in office, stepped down as prime minister.

Mr. Poilievre lost his seat in Ottawa, a stinging defeat for a man who seemed set to become the next prime minister just a few weeks ago. He is a career politician and has held the seat for the past two decades, since he was 25. Before news of his loss had been confirmed, Mr. Poilievre conceded the general election but vowed to stay on as leader.

Carney’s victory speech is below.