Ottawa (Rajeev Sharma): Mark Carney’s Liberal Party is set to form a minority government after a high-stakes federal election shaped largely by escalating tensions with the United States. Roughly 28 million Canadians cast their ballots Monday, facing one of the most consequential votes in recent history.
Carney, a former central banker turned political leader, steered the Liberals to victory with a campaign promising economic stability amid President Donald Trump’s ongoing tariff war. The Liberals’ surprising comeback derailed Conservative leader Pierre Poilievre’s hopes of seizing power.
In a parallel political development, New Democratic Party (NDP) leader Jagmeet Singh has stepped down. Singh, who was significantly behind Liberal candidate Wade Chang in British Columbia. He confirmed he would resign following the loss of his parliamentary seat.
While the Liberals will fall short of a majority, Carney’s projected victory marks a stunning political shift. Many analysts attribute it to a late rally driven by Canadian nationalism in the face of U.S. pressure.
