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The federal Liberals will form a minority government, Global News projects – so what’s next for consumers? Now that Prime Minister Mark Carney’s party has secured the most seats in the House of Commons, here are some of the key promises made for the country’s economy and consumers.It comes as the country faces the economic challenge of U.S. President Donald Trump’s trade war and tariffs.“The coming days and months will be challenging, and they will call for some sacrifices,” Carney said in his victory speech. “But we will share those sacrifices by supporting our workers and our businesses.” What did Carney promise on income tax? The new Liberal government is expected to lower income taxes. Specifically, Carney promised a one per cent drop to the marginal tax rat...

Prime Minister Mark Carney will form a minority government, Global News has projected, though the total seat count is not yet known as some ridings still have votes to be counted. Carney’s government is the Liberals’ fourth consecutive mandate and when this year began would have been thought unattainable, with the Conservatives ahead by more than 20 points in some polls and a deeply unpopular prime minister in Justin Trudeau.But U.S. President Donald Trump’s re-election and subsequent launching of a trade war on Canada, followed by Trudeau’s resignation and the Liberals electing former Bank of Canada and Bank of England governor Mark Carney as their leader changed that.“I chose to enter politics because I felt we needed big changes in this country, but big changes guided by strong Canadian...

Prime Minister Mark Carney and his projected Liberal government is facing economic challenges not seen for generations. The Liberals were projected by Global News on Monday night to form government, though it’s not clear as of 8:31 a.m. Eastern on April 29 whether it would be a minority or majority.Either way, Carney is set to lead Canada as the country faces a trade war sparked by U.S. President Donald Trump with tariffs imposed earlier this year.Speaking in his victory speech Mark Carney said, “Trump is trying to break us so that America can own us. That will never, that will never ever happen. But…we also must recognize the reality that our world has fundamentally changed.”Let’s take a look at exactly what Carney is up against. Story continues below advertisement ...

Canadians won’t know until later Tuesday whether Mark Carney’s Liberals have won a majority or minority mandate from voters. Elections Canada decided early Tuesday morning to pause the marathon counting of special ballots with a handful of ridings still too close to call.The Liberals were leading or elected in 168 seats when the counting was paused, four short of a majority. Elections Canada estimated that the uncounted votes could affect the result in about a dozen ridings.A majority government would allow the Liberals to pass legislation without the support of other parties. If the final result remains a minority, the Liberals would need help to stay in power.Special ballots are cast by mail or at Elections Canada offices by voters who are away from their ridings during the election. ...

Descrease article font size Increase article font size Jagmeet Singh has announced plans to resign as NDP leader after being unseated in his own riding of Burnaby Central. Singh who was trailing a distant third place to Liberal newcomer Wade Chang and Conservative candidate James Yan as of 9:45 p.m. conceded Monday night.“It’s been the honour of my life to represent the people of Burnaby Central. Tonight they chose a new member of parliament, and tonight I wish them well as they continue to work hard for this community,” Singh said.“Obviously I know this is a disappointing night for New Democrats. We had really good candidates who lost tonight. I know how hard you worked. I spent time with you, you are amazing.”Singh said he had informed the p...

Pierre Poilievre has spent the last two years demanding change. But over the course of the 36-day federal election campaign, Poilievre showed he wasn’t capable of changing himself.After a wild night of changing fortunes, the Liberals under Prime Minister Mark Carney were projected to win a fourth-straight mandate despite starting 2025 on life support.At the Conservatives’ election night event at a conference centre along Ottawa’s Rideau Canal, early optimism at the party’s surprising strength in Atlantic Canada turned to deflation around 10 p.m. when Global, CTV and CBC called a Liberal victory. The sparsely attended conference room went quiet, as supporters followed along poll-by-poll on big screens flanking a Conservative “C.”As Monday night slouched toward Tuesday morning, emotions sees...

After a projected win for Liberals, Conservative Leader Pierre Poilievre addressed supporters in Ottawa Tuesday morning, suggesting he has no plans to step down as party leader. While votes are still being tallied in some parts of the country, it is unclear as of 1:37 a.m. Eastern on April 29 whether the Liberals will form a majority or minority government.“It will be an honour to continue to fight for you and be a champion for your cause as we go forward,” Poilievre said to a cheering crowd.“I would like to congratulate Prime Minister Carney on leading this minority government. We will have plenty of opportunity to debate and disagree, but tonight we come together as Canadians.”Here is the transcript of Poilievre’s remarks.*** Story continues below advertisement ...

Prime Minister Mark Carney, projected to form the next federal government, spoke to an excited crowd in Ottawa on early Tuesday morning. During his victory speech, Carney promised to “think big” and lead a government that represents all Canadians. He acknowledged that while millions of Canadians didn’t vote for him, he would “always do [his] best to represent everyone who calls Canada home.”While votes are still being tallied in some parts of the country, it is unclear as of 2:37 a.m. Eastern on April 29 whether the Liberals will form a majority or minority government.Here is the transcript of Carney’s remarks.*** I have a question. Who’s ready? Who’s ready to stand up for Canada with me? And who’s ready? Who’s ready to build Canada strong? Okay, we got that settled. That’s good. S...