April 29, 2025
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1:14Now PlayingCanada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war.
While his margin of victory is thin, Carney’s win still represents a major turnaround for the Liberals, a party that has governed Canada for most of the past century but seemed on track for an electoral drubbing just four months ago. The ex-governor of the Bank of Canada and Bank of England became Liberal leader on March 9 and called an election only two weeks later. He leaned into his position as a prime minister who’d fight for Canada against an aggressive White House.
Once the election campaign began, he said repeatedly that Canadians needed to understand the country’s close relationship with the US has been ruptured by Trump’s actions, including the president’s claims that Canada should be the 51st state. In the final week of March, when Trump signed an order to implement auto tariffs, Carney said: “It’s clear that the United States is no longer a reliable partner.”
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