The Liberals’ victory is a remarkable one for a party headed for defeat at the start of this year, though with votes still being counted, they have yet to secure a parliamentary majority.

The Liberals are projected to win more of Parliament’s 343 seats than the Conservatives, though it wasn’t clear yet if they would win an outright majority, which would allow them to pass legislation without needing help.

Carney's win represented a repudiation of Trump's volley of threats to annex Canada and make it the "51st state." That rhetoric – along with punishing tariffs on Canadian goods – has sparked an unprecedented wave of Canadian nationalism and overturned years of stability between the two neighbors.