The Liberal Party of Canada will remain in power in Canada.
Shortly after 10 p.m. on Monday night, national networks declared Mark Carney and the Liberals the winners of the federal election. They later announced that they were projecting a minority government.
The win completes a remarkable comeback for the Liberals, who trailed Pierre Poillievre's Conservatives by more than 20 points in national polling just a few months ago. But the resignation of Justin Trudeau and the tariff war launched by U.S. President Donald Trump completely changed the calculus for many voters.
In his speech to supporters gathered in Nepean, Carney acknowledged that millions of voters cast their ballots for candidates who were not running under the Liberal banner, saying he would always do his best for those who call Canada home.
"Over my long career, I have made many mistakes, and I will make more," said Carney. "But I commit to admitting them openly, to correcting them quickly, and always learning from them."
He also called on Canadians to put an end to "the anger and division of the past. We are all Canadian and my government will work with and for everyone."
The question of the U.S. President also came up in Carney's speech as he referred to what's next for Canada, including standing up to American tariffs and threats of annexation.
"Now more than ever it is a time for ambition. It is time to be bold, to meet this crisis with overwhelming positive force of a united Canada," he said. "We are going to build, build baby, build."
Pledges Carney made during the campaign included tearing down interprovincial trade barriers to create one Canadian economy, building millions of new homes, and creating an energy corridor.
"When I sit down with President Trump, it will be to discuss the future economic and security relationship between two sovereign nations," he said. "It will be with our full knowledge that we have many, many other options than the United States to build prosperity for all Canadians. We will strengthen our relationship with reliable partners in Europe and Asia and elsewhere in the world. If the U.S. doesn't want to play a pivotal role in the world economy, we will lead."
For the New Democratic Party, it was a disappointing night. The NDP went from 25 seats to nine, losing official party status for the first time since the 1990s.
NDP leader Jagmeet Singh announced his resignation as party leader early Tuesday morning. After losing his own seat in Burnaby Central, Singh announced he would step aside as soon as an interim party leader is named.
"Obviously, I'm disappointed we could not win more seats, but I'm not disappointed in our movement," said Singh before a packed house of supporters. "I'm hopeful for our party. I know that we will always choose hope over fear, and optimism over despair, and unity over hate."
Following Singh's announcement, Conservative leader Pierre Poilievre addressed his supporters in the riding of Carleton where he lost to Liberal candidate Bruce Fanjoy.
"I know some of you might be disappointed that change did not get over the finish line tonight. Change takes time," said Poilievre. "Most of all, it requires that we never give up because our people and our country are worth fighting for."