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Canadian Prime Minister Mark Carney speaks in the small hours of April 29, 2025, in Ottawa after his Liberal Party won the general election the previous day.
Mark Carney leads Canada’s Liberals to victory
The Liberals have won the battle to lead Canada. On Monday, Prime Minister Mark Carney’s party completed a stunning turnaround, with projections showing it secured 168 of 343 parliamentary seats.
Just months ago, with Justin Trudeau at the helm, the Liberals — who have been in power for a decade — were underwater in the polls, down as far as 25 points compared to the Conservatives. But Carney, Conservative Pierre Poilievre, and New Democrat Jagmeet Singh all had a mutual opponent in Donald Trump, and a surge in Canadian nationalism helped flip the momentum for the Liberals. The US president’s trade war and threats of using “economic force” to push Canada into becoming the “51st state” fueled much of the “Canada Strong” and “Restore the Promise of Canada” campaign promises of the Liberals and Conservatives, respectively.
A closer race than expected. The Liberals and Conservatives both gained seats compared to the last race in 2021. Led by Poilievre – who notably lost his seat in Ottawa – the Conservatives did better than many predicted, winning roughly 42% of the vote share and at least 144 seats. But the New Democratic Party and Bloc Québécois (which only runs candidates in Quebec) saw their parties lose seats. The NDP secured only seven ridings, down from 25, while the BQ won 23 ridings compared to 32 the last time. Despite losing in his riding, Poilievre has said he will stay on as opposition leader, while Singh has resigned as party leader in the wake of Monday’s crushing results for the NDP.
With the Liberals coming up just shy of the 172 ridings needed for a majority government, they can forge a coalition with the NDP, Bloc Québécois, or the Green Party, or they can go it alone and simply seek votes from other parties on an as-needed basis, issue by issue. Historically, the NDP has collaborated with the Liberals in confidence-and-supply agreements, while the BQ has focused on one-off support for specific issues.
In his victory speech, Carney focused on unity. “Let’s put an end to the division and anger of the past. We are all Canadian and my government will work for and with everyone,” he said.
He also pointed to the job ahead: tackling US-Canada tensions. “When I sit down with President Trump,” Carney said, “it will be to discuss the future economy and security relationship between two sovereign nations.”
“It will be our full knowledge that we have many, many other options to build prosperity for all Canadians.”
Canadians head to the polls for federal election.
Race tightens as Canadians head to the polls. Will Liberals pull off the ultimate comeback?
It’s Election Day in Canada on Monday, and many are wondering whether newly installed Liberal Prime Minister Mark Carney will complete a shocking comeback for the party of former PM Justin Trudeau.
The Liberals were skating deep in their own zone just a few months ago — down a whopping 25 points in the polls as recently as January — but Trudeau’s resignation and Donald Trump’s trade war and aggressive rhetoric sparked a surge in Canadian nationalism and flipped the momentum. Since the end of February, Carney’s Liberals have been on a power play, polling ahead of Pierre Poilievre’s Conservative Party — at one point stretching the lead to 15 points.
Over the long Easter weekend, Canadians broke advance voting records as 7.3 million turned up at the polls — a 25% jump from the 2021 election — and that early vote, according to David Coletto of Abacus Data, likely gave the Liberals a critical first-period lead.
While the Liberals hope to score a majority — a clear mandate to effect change and wrangle Donald Trump — the match isn’t over yet. The gap between the two teams, er, parties, has narrowed in recent weeks, with the Liberals polling slightly ahead at 42.9%, and the Conservatives at 39.3%. The ground game will be key: With the Liberals enjoying a more efficient distribution of support in key cities and regions – particularly Ontario, Quebec, British Columbia, and Atlantic Canada - the Conservatives need all their players on the ice if they hope to clinch a win.
Final-day campaigning was impacted by a deadly car-ramming attack in Vancouver late Saturday that killed 11 people. On Sunday, Carney, Poilievre, and NDP Leader Jagmeet Singh expressed their condolences and outrage, and they rescheduled final events ahead of the polls opening on Monday.
Election signs are displayed along the streets ahead of federal elections.
Canada’s Liberals close in on all-time comeback
A record-breaking 7.3 million Canadians voted in early polls over the long Easter weekend, a 25% jump from early turnout during the 2021 election. The early vote is likely breaking for the Liberals, who are favored among early and likely voters, according to David Coletto of Abacus Data.
The polls have narrowed a bit recently, but polling aggregator and projection site 338 Canada has the Liberals up five points on average over the Conservatives as of Wednesday, while the CBC’s Poll Tracker puts the Liberal advantage at just over 4 points, with a 77% shot at winning a majority.
The Liberals enjoy a more efficient distribution of support in key cities and regions – particularly Ontario, Quebec, British Columbia, and Atlantic Canada – which means their probable voters are more spread out and likely to win them a seat compared to their rivals. But observers, including election experts Philippe Fournier and Éric Grenier, note the race is far from guaranteed for the incumbents, which could make for a dramatic election night.
Canada’s political parties are united in offering plans to hit back against Donald Trump
Albertan Keith Gardner has been a member of the New Democratic Party his entire adult life. He’s the provincial riding association president for Lethbridge West, and he has worked on previous federal campaigns for the NDP. But in this year’s federal election, which takes place Monday, April 28, he’s voting for Mark Carney and the Liberal Party — and the reason is Donald Trump.
“There’s a kind of existential moment going on,” Gardner says. “I think the Trump piece elevates the stakes of the election.”
The election has been dominated by concerns like Gardner’s. Trump has shaped voter intentions, party strategies, and policy platforms. The two parties most likely to win, the Liberals and Conservatives, broadly agree on what needs to be done. Each supports reciprocal tariffs, reducing internal trade barriers, using government procurement to buy Canadian, and building infrastructure. They are also promising support for workers affected by Trump’s tariffs and Canadian counter-tariffs. While the parties’ methods differ — to varying degrees — the message is clear: Canada must protect its economy from its largest trading partner.
Canada looks inward — and plans to build
The Liberal Party’s platform mentions Trump eight times. Carney argues that Trump’s economic program is restructuring the global trade system, a move that threatens to hit Canada hard since the US-Canada trade relationship is worth roughly $1 trillion a year.
The Liberals are promising to reduce internal trade barriers, lowering costs by “up to 15%,” and build an internal trade corridor so goods, services, and workers can move freely and easily. To do so, they’ll undertake “nation-building projects,” including ports, airports, highways, and high-speed rail in Ontario and Quebec. They’ll also “build out” Canada’s east-west electricity grid.
Pierre Poilievre and the Conservative Party mention Trump six times in their platform. Their plan aims to “rebuild [Canada’s] economy and open new markets so we can reduce our reliance on the US and stand up to Trump from a position of strength.” The crux of the platform rests on fast-tracking approvals for infrastructure, including rail, roads, and power transmission lines — projects they say Canada can’t build now because of regulations.
The Conservatives are also all-in on pipelines, vowing to repeal the Trudeau-era Bill C-69, which requires impact assessment reviews for major projects. The Tories call it the “No More Development” law, claiming it “makes it impossible to build the mines, pipelines, and other major energy infrastructure Canada needs.” Carney supports the law. In contrast to the Liberals, the Conservatives are pledging to eliminate the emissions cap on oil and gas production and double oil production in Newfoundland and Labrador.
Looking outward … a bit
Foreign trade is getting less attention than internal trade, but the front-runners have some plans for boosting external commerce. The Conservatives will pursue a free trade and mobility agreement, CANZUK, with the United Kingdom, Australia, and New Zealand. They would also push to export “cleaner” Canadian resources under Article 6 of the Paris Agreement, which allows countries to transfer carbon credits across borders.
While the Conservatives look to CANZUK, the Liberals are talking about new deals with MERCOSUR in South America and ASEAN in Asia. The Liberals would launch a CA$25 billion export credit facility to help foreign buyers finance Canadian goods. They would also fund efforts to make better use of existing trade, including Canada’s free trade deal with Europe and its deal with trans-Pacific states. The latter captures Australia and New Zealand but is a more limited deal than what the Conservatives are promising.
Weathering the Trump storm
After Trump leveled tariffs on Canadian goods, Canada hit back with reciprocal tariffs. The Liberals promise that “every dollar” from those duties will be used to protect workers and businesses. They’re speeding up and easing access to employment insurance – which, as the governing party, they started to do pre-election. They’re also looking to launch a CA$2 billion fund for the country’s auto sector for worker upskilling, shoring up the domestic supply chain, and protecting industry jobs from layoffs. Their plan includes an “All-in-Canada network” for making car parts, reducing the frequency with which components must cross the border.
The Conservatives will maintain “existing government supports” for the auto industry while removing sales tax on vehicles made in Canada for as long as the Trump tariffs are in effect. They’re promising a “Keep Canadians Working Fund” that uses reciprocal tariff money to support workers affected by the duties. The party says it will also “drastically” reduce the number of temporary foreign workers the country admits and ensure Canadian workers get a first crack at jobs, which could strengthen domestic wages for citizens and permanent residents.
Can the parties get it done, and will it be enough?
It’s easy to make promises during an election. It’s harder to deliver on them. Graeme Thompson, a senior analyst with Eurasia Group's global macro-geopolitics practice, says that some promises are easier to deliver on than others.
“I think internal trade is a low-hanging fruit if you can get the provinces aligned, which it seems like they are,” he says. “There is no question that non-tariff barriers within Canada are an impediment to domestic trade.”
But even if the government does deliver on that, the shadow of the US will continue to loom large.
“The problem is that in absolute terms, internal trade is minute compared to the value gained from trade with the United States,” Thompson says. “So, a hit to the Canadian economy because of tariffs could only very partially be recouped by domestic efficiencies in terms of trade.”
He says recouping losses by boosting external trade with non-US countries is easier said than done. Canada has other trade agreements, but Canadian businesses are still attracted to the US market, which is large, rich, next door, and culturally familiar.
“Until that changes, it’s going to be hard for Canada to diversify its trade by governmental efforts.” Thompson’s waiting to see if industry follows the government’s lead. “Until then, it’s just talk.”
For all that talk, whichever party wins next week will be expected to deliver. Gardner hopes that will be the Liberals, kept in check by the NDP. Looking south, he says, “One of the things I think we can do is we can have a federal government that clearly stands up, that preserves the things about Canadian society that we have achieved together, protects our notions of person and peacekeeping, protects public health care, protects all these things that frankly the NDP helped create and instill into Canadian political culture.”
It could be the Liberals who win, or it could be the Conservatives. But, either way, the message from voters during the election has been clear: They want a government that takes a firm stance against Trump’s threats.
The Canadian flag flies on Parliament Hill in Ottawa.
Who’s meddling in Canada’s election?
Canada’s foreign interference watchdog is warning that China, India, and Russia plan on meddling in the country’s federal election. The contest, which launched last weekend, has already been marked by a handful of stories about past covert foreign interventions and threats of new ones.
This week, the Globe and Mailreported allegations that India interfered in 2022 to help get Conservative Party leader Pierre Poilievre elected, though he was not aware of the efforts. They also broke news that former Liberal Party leadership candidate and member of Parliament Chandra Arya was banned from running for leader and reelection because of alleged interference tied, once again, to India.
Now, Canada’s election interference monitoring group is warning that China, India, and Russia will try to interfere in the current election.
Poilievre also accused Liberal leader Mark Carney of being cozy with Beijing due to a $276 million loan Brookfield Asset Management secured from the Bank of China when Carney was Chair of Brookfield’s board. Carney rejected those accusations and, on Wednesday, said that Canada should not pursue greater economic ties with China but should prioritize other Asian nations and Europe.
Other Canadian critics have complained that the US is interfering, citing Donald Trump consigliere Elon Musk’s public statements about the country. But officials say this doesn’t meet the bar for foreign interference. Neither, apparently, do the actions of Alberta Premier Danielle Smith,who recently admitted to Breitbartthat she pressed Trump administration officials to delay tariffs to help elect the Conservatives over the Liberals, since Poilievre would be “the best person” for the White House to deal with given that he would be “very much in sync with the new direction in America.”Canadian PM Mark Carney
Canadian PM calls snap election
The countdown is on! On Sunday, Prime Minister Mark Carneydissolved parliament and called a snap federal election that promises to be one of the most consequential — and hotly contested — in recent Canadian history.
Until January, Pierre Poilievre’s Conservatives had maintained a two-year lead in opinion polls, which ran as high as 25% in December. But the resignation in January of unpopular Prime Minister Justin Trudeau, coupled with the return to power of US President Donald Trump, upended the race. It allowed new leader Carney, former governor of both the Bank of Canada and the Bank of England, to capitalize on his financial and governance experience in the face of anxiety about Trump’s tariffs and talk of annexation. The Liberals are now neck and neck with the Conservatives and even ahead in some polls.
With the election set for April 28, the Conservatives are scrambling to retool their message, notably on the carbon tax, which Carney has now set to zero for consumers but maintained for industrial emitters. They also question Carney’s ethics, claiming he has conflicts of interest stemming from his work as chair of Brookfield Asset Management. The New Democratic Party of Jagmeet Singh is feeling the squeeze as it attempts to hold onto progressive voters, while the Bloc Québécois of Yves-François Blanchet will fight to represent Quebec’s interests in the new parliament.
For news about outgoing GZERO Publisher Evan Solomon and his decision to run for the Liberals, click here.
So far, Carney’s ‘toughness’ doesn’t seem to bother Trump
Last Thursday, Justin Trudeau’s last full day as prime minister, Donald Trump was emphatic in his desire to force Canada to join the United States during a press event in the Oval Office.
“Canada only works as a state,” he said, referring to the border as “an artificial line” and suggesting that Canschluss — a play on the term Anschluss, denoting Nazi Germany’s annexation of Austria in 1938 — is just a matter of time.
“There will be a little disruption, but it won’t be very long. But they need us. We really don’t need them. And we have to do this. I’m sorry.”
On Friday, former central banker Mark Carney was sworn in as Canada’s prime minister. In his first news conference, he called Trump’s comments “crazy. That’s all you can say.”
For a few days, Trump didn't repeat his threats, which opened up the possibility that he merely enjoyed dunking onTrudeau, whom he seems to despise, and would now move on. But it was likely that the US president was just busy — carrying out airstrikes in Yemen, deporting migrants to El Salvador, and trying to negotiate a ceasefire in Ukraine.
On Tuesday night, in an interview with Fox News, Trump angrily denounced Canada again, said he doesn’t care if his comments cost the Conservatives the election, and said Canada is “meant to be our 51st state.”
Trump is so toxic in Canada that Conservative Leader Pierre Poilievreseized on the comment as evidence that he, not Carney, is the champion the country needs.
Trump’s continued trash talk may show that his fixation is too deep to be deterred by the disinclination of Canadians to be annexed, which is setting him up for a showdown with the new prime minister.
People who know Carney think he may be better equipped to respond than Trudeau was.
Anthony Scaramucci, who became friends with Carney at Goldman Sachs many years ago, and who briefly worked for Trump in 2017, said on MSNBC that the president likely doesn’t want a fight with Carney, who he described as a “very, very tough guy.”
“I don’t think the administration really wants to fight with him,” said the Mooch. “He has energy on his side. He has electricity on his side.”
Trudeau looked weak
Trump and Carney have not yet had the traditional congratulatory call but, on the other hand, he is not yet calling Carney governor — which would be ironic, since he previously served as governor of both the Bank of Canada and the Bank of England.
It may be that Trump had a special desire to bully Trudeau, who was an unpopular lame duck when Trump was elected.
“Trump, as everybody knows, has an unerring instinct for the weakness of a counterparty, and he seeks to exploit that and control them for it,” says Graeme Thompson, a senior analyst with Eurasia Group.
The White House will have noticed that Canadians now have their backs up, says Jamie Tronnes, executive director of the Center for North American Prosperity and Security, and are unified around the idea of “sticking it” to the Americans.
“It really has changed the way in which they will be able to negotiate with the United States in an upcoming [trade] renegotiation. It doesn’t matter who the leader of the Canadian government is. That person is going to have to represent the national mood, and the national mood is not conducive to cutting a deal with the United States.”
And Trump appreciates muscle. After blustery Ontario Premier Doug Ford threatened to impose a 25% tariff on electricity exports to the United States, Trump threatened him into backing down, and then praised him as “a very strong man.”
Thompson notes that Trump has been respectful to Ford, who just won a majority, and Mexico’s president, Claudia Sheinbaum, who enjoys overwhelming support among Mexicans.
“I think that whoever ends up on the other side of the Canadian election, if they get a majority, that would be the most powerful thing in Carney or Poilievre’s pocket, in terms of relations with the Trump administration.”
An election on tackling Trump
For Carney, everything depends on managing Trump, since he has the power to badly damage Canada’s economy with tariffs.
Carney is trying to show strength. After being sworn in, he flew to Europe to meet with French President Emmanuel Macron and British Prime Minister Keir Starmer to “strengthen ties with reliable allies,” which seemingly no longer includes the United States.
After flying back to the Canadian Arctic, Carney announced that Canada would buy a CA$6 billion radar system from Australia, getting it before the Americans. He also has asked for a review of the planned CA$19 billion purchase of 88 F-35 fighter jets from the United States, “given the geopolitical environment,” although the Americans might be able to use technology-sharing agreements to block Canada from purchasing alternatives.
Last week, Portugal announced it would buy European jets rather than F-35s because of America’s new hostility toward traditional allies, so the Canadian announcement would seem like bad news for politically powerful American supplier Lockheed Martin. This would normally be the kind of thing to get a president’s attention.
Carney, who has met Trump at international conferences and been involved in business deals with Jared Kushner and Elon Musk, will highlight his economic and crisis-management experience in the upcoming Canadian election, which could start as soon as Sunday.
Polls show, in a dramatic reversal, that Canadians now favor Carney over his Conservative rival, who is promising to stand up to Trump but whom Carney has linked to the MAGA movement.
Carney is campaigning on taking a hard line. In London, he said he didn’t intend to negotiate with Trump until he stopped threatening to make Canada the 51st state.
“We’ve called out those comments,” he said. “They’re disrespectful, they’re not helpful, and they need to stop. They will have to stop before we sit down and have a conversation about our broader partnership with the United States.”
But Trump shows no sign of stopping, and if he doesn’t, it’s unclear what Carney — or Poilievre — can do. Both leaders talk about diversifying trade, but it would take years to build the transport infrastructure to make a major shift workable. In the short term, a showdown with a hostile neighbor looks inevitable.
Outgoing GZERO Publisher Evan Solomon
Evan Solomon to run for Liberals
GZERO’s Evan Solomon announced on Thursday that he will be returning to Canada and running for Mark Carney’s Liberals. A former Canadian broadcaster, he has been GZERO’s publisher since 2022.
“Given the urgent challenges and threats facing Canadians right now, I’ve decided it’s the right time to come home and do whatever I can to help serve my community and country,” Solomon said in a LinkedIn post. “I will be joining the team led by Prime Minister Mark Carney and will be running as a candidate in the next Federal election. More details on this will be coming very soon!”
Maziar Minovi, CEO of Eurasia Group, praised Solomon for taking the plunge into politics. “You brought to your leadership at GZERO Media sharp insight, strategic vision, and an unwavering commitment to fact-based journalism. Now, you’re bringing that same passion to public service — exactly the kind of step we love to see from our teams.”
Minovi said the Eurasia Group is happy when members of his team choose public service. “As I often say, if you wouldn’t be seriously tempted to take the right job in government to impact the world, then you don’t belong at Eurasia Group.”
Eurasia Group special advisor Justin Kosslyn will be stepping in as GZERO’s interim publisher.