Mark Carney’s Liberals have won. What now? Election results and key news to watch for - The Globe and Mail

Election Results: A Liberal Minority Government

The 2025 Canadian election resulted in a minority Liberal government led by Mark Carney, a former central banker. While the Liberals won the most seats, they fell short of a majority. The Conservative Party, led by Pierre Poilievre, secured a significant share of the popular vote but not enough seats to form government. The Bloc Québécois remained the third-largest party, while the NDP lost official party status and its leader, Jagmeet Singh, lost his seat.

Key Outcomes

• Liberal Victory: Mark Carney's Liberals won a minority government, despite not achieving a majority of seats.
• Conservative Gains: The Conservatives gained significant support but fell short of forming a government.
• Bloc Québécois: The Bloc's presence in Quebec diminished, but they remained a significant force.
• NDP Decline: The NDP suffered significant losses, losing official party status and their leader.

Carney's Agenda

Carney's next steps involve forming a new cabinet, recalling Parliament, and initiating trade talks with the United States, addressing issues like the Canada-U.S. tariff war. Other key priorities include tax cuts, navigating the carbon pricing policy, and implementing the Build Canada Homes program.

International Reactions

International leaders responded positively to Carney's victory, emphasizing their strong ties with Canada, while US President Donald Trump's reaction remains uncertain.

Poll Accuracy

While polls largely predicted the surge in support for the Liberals and Conservatives, they underestimated the NDP's decline.

Voter Turnout

Voter turnout was higher than in recent campaigns but did not reach record levels.