In a stunning political shift, former Bank of Canada and Bank of England governor Mark Carney has led the Liberal Party to a decisive victory in the Canadian federal election, securing a clear majority and paving the way for a new chapter in the nation’s leadership.

The election results also brought a dramatic personal blow to the Conservative Party, as its leader Pierre Poilievre failed to retain his own seat in Parliament — a rare and symbolic defeat that underscores the challenges facing his party.

Carney, a respected figure in global finance, officially entered political life just over a year ago, and has now pulled off what many see as a remarkable electoral comeback for the Liberals.

After years of political fatigue under the previous Liberal administration, Carney’s technocratic reputation, combined with a forward-looking policy platform focused on climate action, economic stability, and healthcare reform, appears to have struck a chord with voters across the country.

Unofficial results show the Liberals capturing over 170 seats, enough for a comfortable majority in the House of Commons.

The Liberal campaign benefited from Carney’s reputation as a pragmatic and disciplined leader, and he has already received congratulatory messages from global leaders.

For the Conservatives, the night was marked by deep disappointment. Despite aggressive campaigning and strong support in the Prairie provinces, the party lost ground in Ontario and British Columbia — two key battlegrounds it had hoped to dominate.

The most shocking outcome came in Carleton, where Pierre Poilievre was unseated in a tight race.

Poilievre had been the Conservative leader since 2022 and was known for his combative style and populist messaging.

While that energized the party base, it failed to resonate with a broader swath of Canadian voters, especially in suburban ridings.

Poilievre’s loss may trigger an internal reckoning for the Conservatives as they assess their direction, messaging, and leadership going forward.

The New Democratic Party (NDP), led by Jagmeet Singh, held its ground and gained a handful of seats, mostly in urban areas, positioning itself as a potential ally in future legislation but not a kingmaker as in previous minority parliaments.

The Bloc Québécois also improved its standing in Quebec but failed to extend influence beyond the province.

Carney is expected to be sworn in as Prime Minister within the coming days.

Political analysts suggest that one of his first major tests will be assembling a cabinet that blends political experience with his technocratic vision.

His fiscal background and international standing may also boost Canada’s influence in global economic forums.

Meanwhile, the Conservatives are likely heading into a leadership race as they seek to regroup and redefine their vision in the wake of a historic electoral blow.

This election marks a new era for Canada — one where policy depth and credibility appear to have triumphed over polarization and rhetoric.