The Liberals, who surged since the resignation of Justin Trudeau, will remain in power for a fourth consecutive term.

Canada's Liberal Party won Monday's federal election, the national broadcaster CBC projects, cementing Mark Carney's leadership as the country faces repeated threats from President Trump. Why it matters: The Liberal Party looked on the verge of losing power for the first time in a decade,

A Goldman Sachs alum with the experience of running two different central banks, Mark Carney is facing off against Pierre Polievre from the Conservative Party in a race that is rife with U.S. President Donald Trump's trade tariffs and push for Canada's statehood.