On April 28, 2025, Mark Carney led Canada’s Liberal Party to victory in the federal election, securing 169 seats out of 343 in the House of Commons. While this win does not give the Liberals an outright majority, Carney’s party can still form a government by seeking support from smaller parties.
Carney, the former Governor of the Bank of Canada and the Bank of England, capitalized on strong domestic opposition to U.S. President Donald Trump’s policies. He promised to steer Canada through economic challenges, including the fallout from Trump’s protectionist trade measures. In his victory speech, Carney declared, “Trump wanted to break us, but we stood firm and won.”
With no majority in Parliament, Carney will have to negotiate with smaller parties to ensure political stability. His agenda includes bolstering trade ties with Europe and Asia, as well as increasing defense spending to address perceived threats from the U.S.
This win marks a significant political comeback for the Liberal Party, which had been in a challenging position before the election. Carney’s leadership, backed by his international expertise and reputation as a seasoned economist, is seen as a strong force to guide Canada through uncertain times.
