Mark Carney led the Liberals to a minority government victory in Canada’s 45th federal election, overcoming affordability concerns and rising tensions with U.S. President Donald Trump. The former central banker, who became prime minister in March after replacing Justin Trudeau, said he ran to bring “big changes” rooted in Canadian values.

As of early Tuesday, the Liberals were leading in 168 of 343 ridings—short of the 172 needed for a majority. Pierre Poilievre’s Conservatives, despite gaining seats, will remain in opposition. Poilievre lost his Carleton riding, ending his nearly 20-year run in Parliament.

Carney’s win secures a third term for the Liberals, largely credited to his experience, scrapping the carbon tax, and confronting Trump’s aggressive stance toward Canada. He emphasized unity in his speech, pledging to govern for all Canadians.

Meanwhile, the NDP and Bloc Québécois suffered heavy losses. Jagmeet Singh stepped down after losing his seat, and the NDP is projected to fall below official party status. The Greens are also expected to lose a seat, while Elizabeth Mayheld hers.

Carney becomes Canada’s first prime minister from the North and the first to hold the office without prior elected experience.

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