Overview

• Mark Carney's Liberal Party secured 168 seats in the April 28 election, falling short of the 172 needed for a majority, resulting in a minority government.
• The election was heavily influenced by U.S. President Donald Trump’s aggressive trade measures and annexation rhetoric, which reshaped voter priorities.
• Carney, a former central banker and political newcomer, emphasized his economic expertise to address Canada’s challenges, including U.S. tariffs and trade diversification.
• In his victory speech, Carney declared Canada’s old relationship with the U.S. over, citing Trump’s actions as an attempt to undermine Canadian sovereignty.
• The minority government will require cross-party cooperation, with Carney pledging to maintain tariffs on U.S. goods, remove interprovincial trade barriers, and strengthen ties with Europe.