Liberals to form next government amid U.S. trade threats and economic concerns
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Canadians elected a new Liberal government under Prime Minister Mark Carney, who has made a historic political comeback, leading the Liberals to 169 seats and another minority government. Carney’s focus on countering the U.S. trade threat from President Donald Trump resonated with voters, propelling him to victory. He becomes Canada’s first Prime Minister without previous elected office experience and the first former central banker globally to lead a government.
Despite Carney’s success, Conservative Leader Pierre Poilievre's campaign on affordability, public safety, and economic change gained significant traction, leading the Tories to flip key ridings, including Liberal and NDP strongholds. However, Poilievre lost his own seat, adding uncertainty to his leadership, though he vowed to hold the government accountable.
NDP Leader Jagmeet Singh, who also lost his seat, resigned shortly after the election. Bloc Leader Yves-François Blanchet called for stability, warning against compromises in governance. Alberta Premier Danielle Smith criticized the government, while former Prime Minister Stephen Harper congratulated Carney and Poilievre.
Economists suggest that a minority government could lead to higher deficits, especially as Carney may need to negotiate with the NDP and Bloc for support. The Liberals' platform promises nearly $130 billion in new spending.
