Overview

• Mark Carney, former central banker, secured a Liberal minority government with 169 seats, falling short of a majority in Canada’s federal election on April 29.
• Carney’s campaign focused on defending Canada’s sovereignty against U.S. President Donald Trump’s tariffs on steel and aluminum and annexation threats.
• The Liberals are expected to form alliances with the NDP and Bloc Québécois to ensure government stability under Carney’s leadership.
• Carney has committed to maintaining retaliatory tariffs on U.S. goods and reducing Canada’s economic reliance on the U.S. through expanded trade with Europe and other global partners.
• As Canada prepares to host the G7 summit in June, Carney aims to position the country as a leader in multilateralism and global cooperation.