Mark Carney has won Canada’s federal election, securing another term as prime minister, according to projections by CBC, CTV News, and the Associated Press.

The victory represents a significant comeback for the Liberal Party, driven in large part by a wave of nationalist sentiment in response to U.S. President Donald Trump’s hostile rhetoric and recently imposed tariffs on Canadian exports.

Carney, a former central banker with relatively limited political experience, called a snap election last month following a dramatic surge in Liberal support. The party had trailed by more than 20 points at the start of 2025 but gained momentum after Trump made inflammatory remarks, including a threat to annex Canada as the “51st state.” The statement sparked outrage across the political spectrum and galvanized public support for the Liberals.

While the Liberals have been declared the winners, it remains uncertain whether they will achieve a majority in the 343-seat House of Commons. CTV News has projected a likely minority government, while CBC reported it was still too early to determine the final seat count. Should the Liberals fall short of a majority, Carney will need to form alliances with other parties to remain in power  a situation that often leads to short-lived governments in Canada.

The final days of the campaign were overshadowed by a tragic attack at a Vancouver street fair, which left 11 people dead and led to a temporary suspension of political activities. Authorities have ruled out terrorism, identifying the suspect as a local resident with a history of mental health challenges.

Carney assumed office earlier this year following the resignation of Justin Trudeau. He defeated Conservative Party leader Pierre Poilievre, who had been the frontrunner until Trump’s intervention shifted the political landscape. In his post-election remarks, Carney pledged a firm response to Washington’s economic pressures and announced plans for major investments aimed at reducing Canada’s reliance on U.S. trade.

Before entering politics, Carney served as Governor of both the Bank of Canada and the Bank of England  becoming the first non-Briton to head the latter.