Prime Minister Mark Carney walks into his office on Tuesday, the day after his Liberal Party’s election victory.Jennifer Gauthier/Reuters
– Jameson Berkow
The Liberal Party of Canada has won its fourth consecutive mandate, but there will be several new faces on the government benches when the House of Commons resumes.
Many of those rookie Liberal members of Parliament boast impressive business credentials, making them strong contenders for a coveted position in the next federal cabinet. Chief among them is Tim Hodgson, who won in a suburban Toronto riding after a lifetime in high finance, including a stint advising then-Bank of Canada governor Mark Carney.
The list of neophyte Liberal MPs also includes a former Quebec finance minister, a veteran diplomat, a former president of IBM Canada and an internationally trained lawyer with an Oxford MBA.
Read more about the six new Liberal MPs to watch for in cabinet
– Moira Wyton
While the Liberals are on track to form a minority government after initial counting of ballots finished today, the final results could still change with recounts expected in some tight ridings.
Here’s a look at eight close riding results where judicial recounts may be automatically triggered, or where candidates might request a recount.
Terra Nova – The Peninsulas
Initial counts show Liberal incumbent Anthony Germain winning the Newfoundland seat by just 12 votes over Conservative Jonathan Rowe, a difference of 0.03 per cent of the total votes cast. That’s below the 0.1 per cent threshold under which a judicial recount must take place, according to the Canada Elections Act.
Terrebonne
In the Quebec riding of Terrebonne, outside Laval, initial results show Liberal candidate Tatiana Auguste narrowly flipped the seat from the Bloc Québécois with 35 votes over incumbent Nathalie Sinclair-Desgagné, a difference of 0.06 per cent.
Windsor – Tecumseh – Lakeshore
The Conservatives took this Southwestern Ontario riding from the Liberals, according to initial counts. Cathy Borelli had 233 more votes than incumbent Irek Kusmierczyk, a difference of 0.3 per cent of total votes cast.
Milton East – Halton Hills South
Another Ontario riding held by the Liberals appears to have been flipped by the Conservatives. Parm Gill won by 298 votes over incumbent Kristina Tesser Derksen, a difference of 0.4 per cent of the total votes cast.
Kitchener Centre
In this Ontario riding, 358 votes have put Conservative candidate Kelly DeRidder over Green Party incumbent Mike Morrice, taking one of only two seats held by the Greens going into this election. DeRidder has won with a 0.6-per-cent margin after initial counts.
Vancouver Kingsway
Longtime NDP MP Don Davies appears to have held on to his Vancouver riding as his party suffered a stunning defeat in the province and across the country. Initial tallies put Davies 310 votes over Liberal Amy Gill, a 0.6-per-cent margin.
Kitchener – Conestoga
Liberal incumbent Tim Louis has fended off the Conservatives to hold his riding by 522 votes over Doug Treleaven, according to initial counts. It’s a margin of 0.8 per cent.
Shefford
While the Bloc was reduced across Quebec, incumbent Andréanne Larouche appears to have fended off Liberal Félix Dionne to hold her riding in the Eastern Townships by 571 votes. A margin of 0.9 per cent of total votes separates the two candidates.
Follow our live results page here for riding-by-riding tallies and maps.
– Moira Wyton
The Canada Elections Act requires a judicial recount, supervised by a superior court judge, to be conducted in any riding where the difference in votes between the top two candidates is less than one one-thousandth – or 0.1 per cent – of total votes cast in the district. The results of a judicial recount are final and cannot be corrected or altered by a returning officer or the Chief Electoral Officer, according to Elections Canada.
Candidates or any eligible voter in the district can also apply before a judge to request a judicial recount in a riding if they believe votes were improperly counted, rejected or added up by an election or returning officer. This is a court proceeding with a relatively low burden of proof to have an application accepted by the judge, according to Elections Canada. At the end, the judge either dismisses the application or annuls the result of the election, and the decision can be challenged in the Supreme Court of Canada.
– The Canadian Press
After a brutal election night Monday, the NDP finds itself without official party status, but with the prospect of holding the balance of power with the Liberals on track to form a minority government.
There is a “paradox” in the party’s situation, said Karl Bélanger, former NDP strategist and president of Traxxion Strategies.
“Even though they have had their worst electoral result in history … they keep the balance of power and with that, they can potentially negotiate some gains with the Liberal party,” he said.
Pollster David Coletto, CEO of Abacus Data, said the NDP had their worst performance ever, both in terms of seats and the popular vote.
“They find themselves in a very weak position, despite perhaps having the balance of power in Parliament,” he said. “A very small caucus could still be playing an oversized role going forward.”
– Steven Chase, Adrian Morrow
Prime Minister Mark Carney spoke with U.S. President Donald Trump on Tuesday following the Liberal Party’s election victory and the two men agreed to meet in person shortly.
“President Trump congratulated Prime Minister Carney on his recent election,” the Prime Minister’s Office said in a readout of the call.
“The leaders agreed on the importance of Canada and the United States working together – as independent, sovereign nations – for their mutual betterment,” the statement said.
“To that end, the leaders agreed to meet in person in the near future.”
– Lindsay Jones
The Newfoundland and Labrador riding of Terra Nova – The Peninsulas has now been declared a Liberal win, bringing the total number of seats for the party in the Atlantic region to 25, a gain of one.
An early projection on election night from The Canadian Press said Conservative candidate Jonathan Rowe had won. But a final tally of votes on Tuesday put Liberal Anthony Germain, a CBC journalist, ahead by 12 votes.
According to Elections Canada, an automatic judicial recount takes place if the difference in votes between the leading candidates is less than one one-thousandth of the total votes cast. In this case, that threshold would be 63 votes.
– Globe Staff
Prime Minister Mark Carney arrives on stage at his campaign headquarters in Ottawa on Tuesday, April 29, 2025.Justin Tang/The Canadian Press
After initial counting of ballots by late afternoon Tuesday, the Liberals are sitting at 169 seats, putting them on course for a potential minority government. That would leave the party just a handful of seats short of a majority, which requires 172 seats.
Recounts are expected in some close races across the country and the results could change in the coming days.
– Steven Chase, Adrian Morrow
The new U.S. ambassador to Canada congratulated Prime Minister Mark Carney on his Liberal election victory and said Washington and Ottawa now have “a big job ahead of us” as both countries prepare for negotiations on a new economic and security relationship.
It was Pete Hoekstra’s first official statement as ambassador, just hours after he presented his letters of credence to Governor-General Mary Simon and formally began his duties as envoy in Canada.
Late last month, Mr. Carney and U.S. President Donald Trump agreed to begin comprehensive talks on a new economic and security relationship following the election.
“We’ve got a big job ahead of us – reviewing and strengthening our strong trading partnership, securing our borders, confronting the deadly threat of fentanyl to our citizens, building our national security cooperation, and fulfilling our alliance commitments,” Mr. Hoekstra said in the statement.
“We must also invest in defending North America economically and militarily for the next century.”
– Gary Mason
NDP Leader Jagmeet Singh addresses supporters at his campaign headquarters in Burnaby, B.C.Darryl Dyck/The Canadian Press
In the end, the New Democratic Party was no match for the threat U.S. President Donald Trump posed to Canada.
And to a lesser extent, it didn’t have an answer for a Conservative Party led by an extremely effective communicator in Pierre Poilievre, who spoke to the issues that animated a lot of New Democrats, like bringing down the cost of groceries and heating bills, making housing more affordable and dealing with rampant crime.
NDP Leader Jagmeet Singh and his party didn’t have the firepower or the ideas or strategic battle plan to take on those forces.
Election night in Canada was just bad for the NDP all around. Mr. Singh lost his own seat and announced he will be stepping down as leader. Any attempts to hang on would have been a farce. It is time for a new leader and, frankly, it might have been time before the last election. The party only won seven seats Monday, although the results remain unofficial. It needed 12 to maintain official party status, with the money and resources that come with it. That hurts.
I will say this about Mr. Singh: He is a fundamentally decent human being who embodies the kindness and humility of the great Jack Layton. He showed remarkable class in defeat.
Read more about the NDP’s road ahead.
– Rob Carrick
Mark Carney arrives at the Office of the Prime Minister and Privy Council on Monday.Andrej Ivanov/Getty Images
The Liberals won the federal election with an unambitious, play-it-safe platform of personal finance measures that half-heartedly ticked boxes such as tax cuts and help for seniors.
Expect things to be a lot more interesting in the months and years ahead as the new government makes decisions affecting core financial issues such as the cost of an aging population, financial security for seniors and housing affordability. Broader economic decisions will affect interest rates and the stock market.
Here’s how things might shake out, from interest rates to old age security.
– The Canadian Press
Bloc Québécois Leader Yves-François Blanchet is calling for a “partisan truce” with other federal party leaders after Monday’s federal election, even as he faces criticism from his party’s provincial cousins for putting sovereignty aside.
Mr. Blanchet told reporters in Montreal that voters want stability in Parliament in order to address the ongoing trade war with the United States.
Parti Québécois Leader Paul St-Pierre Plamondon criticized the Bloc Tuesday for treating Liberal Prime Minister Mark Carney as a partner and for agreeing to suspend the push for Quebec independence while U.S. trade negotiations take place.
Mr. Blanchet said he remains committed to sovereignty but is convinced the population wants politicians to fix the trade situation first. He added that collaboration can only work if Mr. Carney shows respect for Quebec’s position on issues such as secularism, immigration and protection of the French language.
– The Canadian Press
B.C. Premier David Eby says he’s not interested in taking the helm of the federal NDP, as the party seeks a new leader following Monday’s election.
Mr. Eby would not say who he thinks should take on the role but acknowledged Tuesday it’s going to be a “challenging job” after a “tough night” for the party.
Jagmeet Singh said Monday night he will step down once an interim party leader can be named. Mr. Singh made the announcement after he lost his seat, and results indicated the NDP would lose official party status in the House of Commons.
While final votes are still being counted, the NDP is expected to end up with seven MPs, down from 24 when Parliament was dissolved.
Ontario NDP Leader Marit Stiles said that while this was a “very tough election” with a “difficult result,” the party is sending some strong MPs back to Parliament.
– The Canadian Press
People wait in line to register to vote at a polling station in Toronto.Arlyn McAdorey/Reuters
Elections Canada says more than 67 per cent of eligible voters cast a ballot in Monday’s federal election.
More than 19.2 million Canadians voted, according to preliminary figures from the non-partisan agency.
Turnout was higher than in the last federal election in 2021, when 62.6 per cent of eligible voters headed to the polls.
While this election was widely expected to see increased turnout, it did not surpass the record set in March, 1958, when 79.4 per cent of eligible electors voted. In that election, incumbent Progressive Conservative Prime Minister John Diefenbaker secured a majority against Liberal Leader Lester B. Pearson, who went on to become PM in 1963.
However, with votes still being counted, turnout figures still have some room to climb.
– The Canadian Press
As the Liberal Party could form a minority government following the election, economists say the focus now shifts toward Prime Minister Mark Carney’s spending promises amid the trade war with the United States.
CIBC chief economist Avery Shenfeld said in a post-election note that budget deficits “look likely to head higher in the near term,” adding that is typical when Canada experiences an economic shock and governments lean on fiscal stimulus.
“Deficits are likely to somewhat exceed what the Liberals suggested during the campaign, while still tracking miles below U.S. federal deficits as a share of GDP,” he said.
Shenfeld said higher deficits could be in the cards especially with a minority Parliament looking likely, as votes continue being tallied.
– Globe staff
Elections Canada’s turnout figures are preliminary, but overall, as experts expected, they do not break records in the way that advance polls did over the Easter weekend. Turnout is higher than recent campaigns, but it would have had to reach 75.3 per cent to match the consequential elections of 1984 and 1988, which, like this one, centred on Canada-U.S. relations and trade.
– The Canadian Press
Ontario Premier Doug Ford speaks at a press conference in Toronto on Thursday, April 17, 2025.Arlyn McAdorey/The Canadian Press
Ontario Premier Doug Ford said today that he wants to focus on unity, refusing to shoot back at a rant from a Conservative MP calling the premier a “problem,” an opportunist and a Liberal “hype man.”
Jamil Jivani, who won Bowmanville-Oshawa North, said in an interview with CBC on election night that Ford inserted himself in the federal campaign and Conservatives should not be taking advice from him.
Ford would not take Jivani’s bait in the wake of Poilievre’s loss, saying only that all Canadians have to stand together against the real threat, which is the economic harm that will be caused by Trump’s tariffs.
“I’m focusing on unity right across this country,” Ford said when asked about Jivani’s comments.
“We have to bring this country together like we’ve never had before. Each other are not the enemies. There’s one person that’s causing a real problem, not just here (but) around the world, and that’s President Trump.”
– Lindsay Jones
The Liberal Party swept most of Nova Scotia, with the Conservatives losing two seats, leaving the province with just one Tory MP, in Acadie-Annapolis, where Chris d’Entremont hung onto his seat by a slim margin – 470 votes with one poll left to report as of early Tuesday afternoon.
Late Monday night, the riding of Cumberland-Colchester, held by Conservative Stephen Ellis, switched from blue to red as final polls were tabulated, propelling Liberal Alana Hirtle to the win.
– The Canadian Press
With 98 per cent of the polls in Atlantic Canada reporting, the Liberals were elected or leading in 25 of 32 ridings, and the Conservatives were at seven. The New Democrats were not in contention, capturing less than five per cent of the popular vote. If those results hold when the final ballots are counted, the Liberals will end up with one more seat in the region than they won in the 2021 election.
The party has dominated the region for almost 10 years, though its grip has slightly loosened since Justin Trudeau was first elected to govern in 2015, when the Liberals won all 32 seats.
– Joe Friesen, Patrick White
Although Donald Trump was always the backdrop of Canada’s federal election, some voters saw Monday as a referendum on the more than nine years the Liberals held office under Prime Minister Justin Trudeau. The results were a mixed bag for Liberals tied to Mr. Trudeau’s government, with some retaining their ridings while others were ousted.
Sean Fraser responds to a question from the media after announcing he is leaving federal politics, Monday, Dec 16, 2024 in Ottawa. He came back and won his seat.Adrian Wyld/The Canadian Press
Former immigration and housing minister Sean Fraser won his Central Nova seat despite trailing in early returns. Mr. Fraser had announced he wouldn’t run in this election but changed his mind a few months later. He topped Conservative Brycen Jenkins by a margin of about 4,000 votes – 52 per cent to 43 per cent.
Anita Anand held five different portfolios under Justin Trudeau.ANDREJ IVANOV/AFP/Getty Images
Anita Anand won Oakville East, surviving a spirited challenge from former police officer Ron Chhinzer. She held five different portfolios under Mr. Trudeau, becoming one of the faces of Ottawa’s pandemic response as minister of public services and procurement. Prime Minister Mark Carney made her Minister of Innovation, Science and Industry in March.
Bryan May lost to Conservative Connie Cody.Supplied
Bryan May, who served briefly as parliamentary secretary to Mr. Trudeau, lost his Cambridge riding to Conservative Connie Cody. Mr. May also served as parliamentary secretary to the minister of national defence in 2021 before taking on the same post with the small business ministry.
Kamal Khera lost her seat to Conservative Amarjeet Gill.Sean Kilpatrick/The Canadian Press
Short-lived Minister of Health Kamal Khera fell to Conservative Amarjeet Gill in Brampton West. A registered nurse, Ms. Khera was sworn in as minister of health shortly after Mr. Carney became Prime Minister in March. Previously, she had been minister of diversity, inclusion and persons with disabilities, which she took on after serving as minister of seniors.
Ya’ara Saks was also unseated by her Conservative counterpart.Spencer Colby/The Canadian Press
Ya’ara Saks, a former minister of mental health and addictions, was unseated by Conservative Roman Baber in York Centre. A former MPP, Mr. Baber was kicked out of the provincial PC caucus for an open letter criticizing his government’s pandemic response that stated: “Lockdowns are deadlier than Covid.”
Sohi won about 39 per cent of the vote to his opponent’s 53 per cent.Sean Kilpatrick/The Canadian Press
Edmonton Mayor Amarjeet Sohi lost the Edmonton-Southeast riding to Conservative Jagsharan Singh Mahal. Mr. Sohi, a former bus driver, Liberal MP and cabinet minister who was elected mayor in 2021, took a leave of absence from his city job to run in this election. He won about 39 per cent of the vote to his opponent’s 53 per cent.
– Carrie Tait
Alberta Premier Danielle Smith at a national conference in Ottawa on April 10, 2025.Adrian Wyld/The Canadian Press
Alberta Premier Danielle Smith says her United Conservative Party will hold a “special caucus meeting” Friday to discuss the province’s future now that the federal government remains under Liberal control.
In a statement Tuesday, Ms. Smith congratulated Liberal Leader Mark Carney for his party’s victory in the federal election. She also thanked Conservative Leader Pierre Poilievre for fighting for causes that align with her worldview.
A small but loud faction of conservative Albertans is pressing for the province to leave Confederation now that the Liberals have secured their fourth consecutive term. Ms. Smith, who said she would not lead the charge but is not deterring would-be separatists, on Tuesday said her fellow citizens will “no longer tolerate having our industries threatened” and resources landlocked by Ottawa.
“In the weeks and months ahead, Albertans will have an opportunity to discuss our province’s future, assess various options for strengthening and protecting our province against future hostile acts from Ottawa, and to ultimately choose a path forward,” she said in her statement.
“As Premier, I will facilitate and lead this discussion and process with the sincere hope of securing a prosperous future for our province within a united Canada that respects our province’s constitutional rights, facilitates rather than blocks the development and export of our abundant resources, and treats us as a valued and respected partner within Confederation.”
She added that she will have more to say after Friday’s special caucus meeting.
Throughout the election, our reporters have been following the party leaders on the campaign trail, and travelling coast to coast to speak to Canadians about the issues that matter most to them. Now, as the results come in, they’ll be there to explain what it all means for you.
Tomorrow at 1 p.m. ET, Globe reporters, producers and columnists will be answering reader questions on the election, the results and what’s next for Canada.
What do the election results mean for the country? What were the defining moments in the campaign? Were there issues that you thought were overlooked? Submit your questions now, and tune back in tomorrow to see experts answer them live.
On Apr. 30 at 1 p.m., Globe reporters and columnists will be answering reader questions on the federal election campaign, the final results, and what it all means for Canada. Submit your questions now.
– Meera Raman and Mariya Postelnyak
The Liberal Party has won the federal election, and Prime Minister Mark Carney will have his work cut out for him as Canadians face the financial impacts of the trade war and ongoing cost of living concerns.
Here’s a breakdown of the major personal finance promises – from retirement to taxes – the party made during the election campaign, and how they could impact your pocketbook.
– The Canadian Press
Ontario Premier Doug Ford speaks at a press conference in Toronto on Thursday, April 17, 2025.Arlyn McAdorey/The Canadian Press
Ontario Premier Doug Ford says he looks forward to working with Mark Carney’s Liberals to meet a “crucial” moment for the province and for Canada.
Ford is calling on Carney to make good on promises to help tear down internal trade barriers and speed approvals for resource development projects, including in the mineral-rich Ring of Fire region in northern Ontario.
In a statement this morning, the premier also urged the new Liberal government to get infrastructure such as pipelines, highways and rail lines built to help Canadian goods and reduce reliance on the United States.
U.S. President Donald Trump had a looming presence in the federal campaign and in the provincial election that re-elected Ford two months ago.
Both Carney and Ford were pulled away from their campaigns to respond to American tariff announcements.
– Reuters
Market reaction has been muted. The Canadian dollar was barely changed at 1.3830 U.S. dollar, or 72.31 U.S. cents and Canada’s 10-year government bond yield was up less than a basis point at 3.174 per cent.
Canada’s main stock index also edged higher at the open on Tuesday. At 9:31 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 0.08 per cent at 24,819.43 points.
Here are some comments from financial analysts:
“The uncertainty of trade still rules the day. Until we get certainty around cabinet appointments and negotiations around NAFTA 2.0, I think we’re still kind of in this uncertain period. But broadly speaking, from our perspective, we’re quite optimistic and excited about Canada’s prospects.
“There’s a Canada-first mindset, some optimism around trade, inter-country trade, the willingness to get pipelines done.”
“Carney is going to have to choose his cabinet ministers carefully. He’s going to have some people with experience running these portfolios, but he’s also going to have to have enough fresh faces to send a message to the public and to the opposition party that his agenda is different than that of his predecessor.”
“Although the Liberals have just missed out on a majority, Prime Minister Mark Carney should still be able to implement his fiscal plans with support from the NDP or Bloc Québécois. If anything, the need to grant concessions to those parties means fiscal policy could end up even looser than the Liberals have signaled.
“That presents a modest risk to our view that the Bank of Canada will cut another three times this year, which would probably prevent the loonie and bond yields from falling by as much as we anticipate.”
“The CAD slipped marginally in overnight trade but is trading little changed on the day now and USD-CAD risk reversal pricing shows little change in skew through the 1– ,3– and 6-month tenors, suggesting markets are not overly concerned about another minority government at this point – despite the challenges ahead for Canada.”
– Chen Wang
Of the 54 seats that changed hands in last night’s federal election, most of those flips took place in Ontario. The province saw 22 ridings dump their incumbent MPs, while there were 11 flips in Quebec, 10 in British Columbia, eight in the Prairies and three in Atlantic Canada.
Although the Liberals lost 18 seats to the Conservatives – 14 of them in Ontario – they made up for those losses elsewhere. In Quebec, the Liberals took nine seats from the Bloc Québécois and another nine from the Conservatives, including three in Ontario and two in Nova Scotia.
The NDP lost 15 seats overall – nine to the Conservatives and six to the Liberals, with eight of those losses in British Columbia.
Some of the flipped seats are in ridings with redrawn boundaries. To determine whether a riding flipped, The Globe and Mail looked at whether a sitting MP prior to redistribution was seeking re-election. In cases where there was no incumbent, the incumbent was considered to be the party that controlled the old riding comprising the largest percentage of the population in the new riding.
– Greg Mercer and Chen Wang
Fifty-four ridings changed hands in Monday’s federal election. In Atlantic Canada and Quebec, the Liberals won key electoral districts, while the Conservatives knocked out incumbents in the Greater Toronto Area and Winnipeg. Here is a snapshot of five of them.
South Shore–St. Margarets (Nova Scotia)
Jessica Fancy-Landry was acclaimed the Liberal candidate in this Nova Scotia riding in January when the party was still riding low in the polls – and rode the swing in voter opinion all the way to victory over Conservative incumbent MP Rick Perkins. Mr. Perkins, who was an outspoken critic of the Liberals’ handling of the Indigenous lobster fishing dispute, had unseated fisheries minister Bernadette Jordan in 2021 to win here.
Rivière-des-Mille-Îles (Quebec)
Liberal gains in Quebec were a big story on election night, and Linda Lapointe’s victory in Rivière-des-Mille-Îles over incumbent Luc Desilets of the Bloc Québécois was part of that trend. Across the province, the Trump effect was powerful – with Bloc candidates saying voters told them they were worried about U.S. tariffs and wanted a strong Liberal delegation to stand up for Canada.
Aurora–Oak Ridges–Richmond Hill (Ontario)
Conservative candidate Costas Menegakis took this Ontario riding from the Liberals, defeating incumbent Leah Taylor Roy. Despite a late campaign stop by Liberal Leader Mark Carney, the seat was among the gains made in suburban Ontario by the Tories, who focused on “bread and butter” issues such as affordability and concerns about crime, Mr. Menegakis said.
Elmwood–Transcona (Manitoba)
Conservative Colin Reynolds won this Winnipeg-area riding, defeating incumbent MP Leila Dance as the New Democrats were sidelined in what became a two-horse race. Traditionally an NDP stronghold, Ms. Dance narrowly beat Mr. Reynolds here in a September, 2024, by-election to replace NDP MP Daniel Blaikie.
Victoria (British Columbia)
The Liberals broke the NDP’s 20-year grip on Victoria Monday night when Will Greaves defeated incumbent MP Laurel Collins. Ms. Collins told her supporters she had heard at the door that people wanted to vote NDP but felt afraid with Donald Trump in the White House. Similar stories played out across B.C., including in Burnaby Central, where NDP Leader Jagmeet Singh announced plans to resign after being unseated in his own riding.
– Jeff Gray and Alanna Smith
Voters line up to cast their ballot at a polling station in Toronto.Wa Lone/Reuters
The Liberal Party faced its most disappointing results in Monday night’s election in Ontario, losing ground to the Conservatives, particularly in the suburban 905 region that surrounds Toronto.
Conservative Leader Pierre Poilievre made breakthroughs in the Toronto-area ridings of the 905 area, named for its telephone area code, as well as strong showings elsewhere.
While the map still showed a large patch of Liberal red in the party’s strongholds in the Greater Toronto Area, several races in the region there were extremely tight. In some ridings, evaporating NDP support did not translate into expected Liberal wins.
In the 905, Conservative Costas Menegaskis defeated Liberal Leah Taylor Roy in Aurora–Oak Ridges–Richmond Hill, a riding the Liberals won by a razor-thin margin in 2021. The Conservatives also flipped Liberal ridings in Newmarket-Aurora and Brampton West, and Markham–Unionville, where Liberal Paul Chiang quit after a scandal over comments he made about handing a rival over to Chinese authorities.
– Eric Andrew-Gee
Bloc Quebecois Leader Yves-Francois Blanchet speaks to supporters on election night.Christopher Katsarov/The Canadian Press
The Liberals made significant gains in Quebec at the expense of the Bloc Québécois on Monday.
Mr. Carney’s party was leading or elected in 43 Quebec ridings late Monday night, compared with 23 for the Bloc, 11 for the Conservatives, and one for the NDP.
The battleground suburbs and rural areas around Montreal – the so-called 450, after the local area code – seem to have been decisive for the Liberals.
The party was hoping to improve on its 35 seats won in 2021 with a red wave in Quebec. The Bloc aimed to save the furniture, and most of the party’s 32 seats from the last election, after its support plummeted.
The sovereigntist party managed better than initially feared. In the newly redrawn riding of Gaspésie—Les Îles-de-la-Madeleine—Listuguj, the lawyer Alexis Deschênes defeated former Liberal cabinet minister Diane Lebouthillier, a significant pickup.
– Carrie Tait
Voters have their names checked in a polling station during Canada’s federal election in Calgary, Alberta, on April 28, 2025.Ahmed Zakot/Reuters
Alberta is set to return a platoon of Conservative candidates to Ottawa in Monday’s federal election, although a handful of city ridings hosted tight races, underlining the province’s rural-urban divide.
The Conservative Party won all but three of Alberta’s 37 ridings, according to the preliminary results Monday evening. The Liberals held Edmonton Centre and picked up Calgary Centre, while the New Democratic Party won Edmonton Strathcona, which it has controlled since 2008.
Elections Canada estimated voter turnout in Alberta exceeded 63 per cent. It counted 2,064,167 votes with 96 per cent of polls reporting. As of April 25, Elections Canada estimated 3,234,505 people were registered to vote in the province.
– Patrick White
Conservative Leader Pierre Poilievre walks with new MP for Durham Jamil Jivani as he takes his place in the House of Commons before Question Period, April 8, 2024 in Ottawa.Adrian Wyld/The Canadian Press
Simmering tensions between federal Conservatives and Ontario Premier Doug Ford burst into full view on election night as Jamil Jivani, the Conservative MP for Bowmanville—Oshawa North, used his victory speech to accuse Mr. Ford of undermining the federal party’s campaign.
During a subsequent on-air interview with CBC, Mr. Jivani called Mr. Ford “a problem for Ontario and for Canada.”
“He’s taken the provincial conservative party and turned into something hollow,” he continued. “Something that is unprincipled and doesn’t solve problems. He’s gladhanding with Chrystia Freeland, having coffees and lattes with Mark Carney and I’m sitting here saying we need to be fighting for change and something new and something different, not being a hype man to the Liberal party.
During the federal campaign, Mr. Ford declined to help Pierre Poilievre and defended and an advisor who accused Mr. Poilievre’s team of committing “campaign malpractice” by blowing an almost 25-point lead heading into the election.
Mr. Jivani once worked for Mr. Ford as a special advisor and province’s first Advocate for Community Opportunities, but resigned in 2022 after criticizing the government’s pandemic policies.
“I’m speaking from experience,” he told CBC. “I tried to fix problems in this province and [Ford] kept getting in the way and all his goons around him all the time.”
– The Canadian Press
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.
The counting was to resume at 9:30 a.m. ET
– Steven Chase
Pierre Poilievre speaks to supporters alongside his wife Anaida Poilievre after the election was declared for the Liberal Party.Amber Bracken/Reuters
Conservative Leader Pierre Poilievre is projected to lose his Ottawa-area seat to Liberal challenger Bruce Fanjoy, making him the second federal leader to be rejected by voters in Monday’s election.
With 264 out of 266 polls reporting early Tuesday, Mr. Fanjoy won 50.6 per cent of the vote to Mr. Poilievre’s 46.1 per cent.
Elections Canada paused the counting of special ballots early Tuesday with a handful of ridings still too close to call, including Mr. Poilievre’s. Counting was to resume at 9:30 a.m.
Mr. Poilievre had previously won seven times in the riding of Carleton or predecessor ridings in the region. The 45-year-old won with 52 per cent of the vote in 2021 and 46 per cent in 2019.
Ballot counting in the riding was slowed by a protest against the first-past-the-post electoral system that saw 85 activists run in the riding, making the ballot 91 names long.
The NDP’s Jagmeet Singh conceded his riding in British Columbia and resigned as leader of the party.
– Paul Waldie
Ukrainian President Volodymyr Zelensky congratulated Mark Carney and said Ukraine deeply valued stressed Canada’s support “from military, financial, and humanitarian assistance to imposing sanctions against Russia.”
“We are confident that our partnership will only grow stronger in our shared pursuit of peace, justice, and security,” Mr. Zelensky added.
– Paul Waldie
French President Emmanuel Macron referenced Mark Carney’s “elbows up” rallying cry in a congratulatory post on social media. “France is glad to further strengthen the friendship which unites our two countries,” Mr. Macron said in a post on X. “I’m looking forward to working with you — “elbow to elbow!”
– Paul Waldie
World leaders have congratulated Mark Carney on leading the Liberals to victory on Monday with some signaling that it marks the start of a stronger relationship with Canada in the face of growing unease with U.S. President Donald Trump.
European Commission President Ursula von der Leyen said “the bond between Europe and Canada is strong — and growing stronger.”
“I look forward to working closely together, both bilaterally and within the G7. We’ll defend our shared democratic values, promote multilateralism, and champion free and fair trade,” she added on Tuesday.
In his congratulatory message, British Prime Minister Keir Starmer noted the connections between Mr. Carney and the UK, stemming from the Canadian Prime Minister’s time as Governor of the Bank of England.
“With your leadership, and personal ties to the UK, I know the relationship between our two countries will continue to grow,” Mr. Starmer said in a statement. “We will work together to deepen our economic relationship to deliver security for hardworking people in the UK and Canada – which we were both elected to do.”
– Justine Hunter
New Democratic Party Leader Jagmeet Singh addresses supporters at his campaign headquarters on election night, in Burnaby, B.C., Monday, April 28, 2025.Darryl Dyck/The Canadian Press
Jagmeet Singh announced Monday night he will step down as NDP leader after a disappointing result that saw a major decline in the party’s seat count.
He said he will resign as soon as an interim leader can be named after he failed to win his seat in the Burnaby Central riding.
Mr. Singh choked up several times as he thanked his family, his caucus and his staff.
“Almost eight years ago I was elected the leader of this incredible party, this incredible movement. I worked really hard to be worthy of this trust, to live up to the legacy of our movement,” he said. “I’ll be stepping down as leader.”
The New Democratic Party was poised to return to Ottawa with a much smaller team. Earlier in the night, NDP national director Anne McGrath said she was still hopeful the party would outperform polling predictions.
As of press time, the NDP were leading in eight ridings, a disappointing result after winning 25 seats in the 2021 election. The party needs 12 seats to maintain official party status.
The party had garnered just over 5 per cent of the popular vote nationally, a sharp decline from the 17.8-per-cent share of the national vote that the party received in 2021.
“Obviously I’m disappointed that we could not win more seats, but I’m not disappointed in our movement. I’m hopeful for our party,” Mr. Singh told supporters.
– Stephanie Levitz
Conservative Leader Pierre Poilievre speaks to supporters on election night in Ottawa, Tuesday, April 29, 2025. THE CANADIAN PRESS/Chris YoungChris Young/The Canadian Press
Conservative Party Leader Pierre Poilievre delivered his party’s best showing in over a decade but failed to form government in an election that saw his party pick up new seats across the country – even as, early into Tuesday morning, his own seat remained a question mark.
With 250 of 266 polls reporting as of 2:45 Tuesday morning, the Liberals were tracking towards capturing the riding of Carleton, which Mr. Poilievre has held since 2004.
It was a result that came even as he expanded his party’s base of support in Monday’s vote into the Greater Toronto Area, Lower Mainland and parts of the Atlantic, holding the Liberals to a minority government.
He did not acknowledge his personal political prospects early Tuesday morning as he sought to frame the election results overall in a positive light: the Conservatives won more seats than last time, more votes than last time, denied the Liberals a majority and held the NDP at bay too.
“We know that change is needed but change is hard to come by,” he said early Tuesday morning.
“It takes time. It takes work and that’s why we have to learn the lessons of tonight so that we can have an even better result the next time.”
– Robert Fife and Steven Chase
Canadian Prime Minister Mark Carney arrives to address supporters at his campaign headquarters on election night in Ottawa on Tuesday, April 29, 2025.Nathan Denette/The Canadian Press
In his speech to supporters at TD Place Arena in Ottawa, Prime Minister Mark Carney said early Tuesday morning that America is interested in Canada’s land, resources, water and the country.
He said the country is now over what he called the “American betrayal.” The days and months ahead will be challenging and will call for some sacrifices, he said, but added that workers and businesses will be supported.
Mr. Carney said his government will build one economy for the country, not 13. (There are a total of 10 provinces and three territories).
The Liberal government is committed to free trade within the country by Canada Day, he said. “This is Canada, and we decide what happens here.”
The country must take steps such as to strengthen relationships with reliable partners in Europe, Asia and elsewhere, he added.
He said that when he sits down with U.S. President Trump, “it will be to discuss the future economic and security relationship between two sovereign nations.”
Mr. Carney said he intends to govern for all Canadians after what he called a “most consequential election.”
“Let’s put an end to the division and anger of the past,” Mr. Carney said. “We are all Canadian and my government will work for and with everyone.”
The 60-year-old said that over his long career, he has made many mistakes and he will make more. “But I commit to admitting them openly, to correcting them quickly, and always learning from them.”
– Robert Fife and Steven Chase
Canada’s Prime Minister Mark Carney speaks at the Liberal Party election night headquarters in Ottawa, Ontario on April 29, 2025.Carlos Osorio/Reuters
Mark Carney, the former central banker who sought elected office for the first time, led the Liberals to a minority-government victory Monday in an election that was upended by Donald Trump’s trade war and musings about annexation amid persistent concerns over the spiralling cost of living.
Canadians gave the Liberal Party its fourth mandate since 2015 but the race against the Conservatives was much tighter than polls predicted. At 4:15 a.m., the Liberals were leading or elected in 168 ridings and the Conservatives in 144. The Bloc Québécois had 23 seats, the New Democrats were at seven and the Greens at one.
The Liberals had a slim lead in the popular vote at 43.2 per cent to the Conservatives’ 41.7.
Like in 2019 and 2021, the Liberals will need to govern with the support of one of the opposition parties, which brings continued instability, with the threat of defeat hanging over the government.
Still, the win is a remarkable achievement for Mr. Carney, a political rookie who promised to stand up to the U.S. President and change Canada’s economic direction. He easily won his Ottawa-area riding of Nepean.
Prime Minister Mark Carney’s Liberals retained power in the federal election on Monday (April 28), but fell short of the majority government he had wanted to help him negotiate tariffs with U.S. President Donald Trump. Ryan Chang reports.
Reuters
Prime Minister Mark Carney arrives at the Office of the Prime Minister in Ottawa on April 29, 2025.Fred Lum/The Globe and Mail
– Moira Wyton
The Canada Elections Act requires a judicial recount, supervised by a superior court judge, to be conducted in any riding where the difference in votes between the top two candidates is less than one one-thousandth – or 0.1 per cent – of total votes cast in the district. The results of a judicial recount are final and cannot be corrected or altered by a returning officer or the Chief Electoral Officer, according to Elections Canada.
Candidates or any eligible voter in the district can also apply before a judge to request a judicial recount in a riding if they believe votes were improperly counted, rejected or added up by an election or returning officer. This is a court proceeding with a relatively low burden of proof to have an application accepted by the judge, according to Elections Canada. At the end, the judge either dismisses the application or annuls the result of the election, and the decision can be challenged in the Supreme Court of Canada.
– The Canadian Press
After a brutal election night Monday, the NDP finds itself without official party status, but with the prospect of holding the balance of power with the Liberals on track to form a minority government.
There is a “paradox” in the party’s situation, said Karl Bélanger, former NDP strategist and president of Traxxion Strategies.
“Even though they have had their worst electoral result in history … they keep the balance of power and with that, they can potentially negotiate some gains with the Liberal party,” he said.
Pollster David Coletto, CEO of Abacus Data, said the NDP had their worst performance ever, both in terms of seats and the popular vote.
“They find themselves in a very weak position, despite perhaps having the balance of power in Parliament,” he said. “A very small caucus could still be playing an oversized role going forward.”
– Steven Chase, Adrian Morrow
Prime Minister Mark Carney spoke with U.S. President Donald Trump on Tuesday following the Liberal Party’s election victory and the two men agreed to meet in person shortly.
“President Trump congratulated Prime Minister Carney on his recent election,” the Prime Minister’s Office said in a readout of the call.
“The leaders agreed on the importance of Canada and the United States working together – as independent, sovereign nations – for their mutual betterment,” the statement said.
“To that end, the leaders agreed to meet in person in the near future.”
– Lindsay Jones
The Newfoundland and Labrador riding of Terra Nova – The Peninsulas has now been declared a Liberal win, bringing the total number of seats for the party in the Atlantic region to 25, a gain of one.
An early projection on election night from The Canadian Press said Conservative candidate Jonathan Rowe had won. But a final tally of votes on Tuesday put Liberal Anthony Germain, a CBC journalist, ahead by 12 votes.
According to Elections Canada, an automatic judicial recount takes place if the difference in votes between the leading candidates is less than one one-thousandth of the total votes cast. In this case, that threshold would be 63 votes.
– Globe Staff
Prime Minister Mark Carney arrives on stage at his campaign headquarters in Ottawa on Tuesday, April 29, 2025.Justin Tang/The Canadian Press
After initial counting of ballots by late afternoon Tuesday, the Liberals are sitting at 169 seats, putting them on course for a potential minority government. That would leave the party just a handful of seats short of a majority, which requires 172 seats.
Recounts are expected in some close races across the country and the results could change in the coming days.
– Steven Chase, Adrian Morrow
The new U.S. ambassador to Canada congratulated Prime Minister Mark Carney on his Liberal election victory and said Washington and Ottawa now have “a big job ahead of us” as both countries prepare for negotiations on a new economic and security relationship.
It was Pete Hoekstra’s first official statement as ambassador, just hours after he presented his letters of credence to Governor-General Mary Simon and formally began his duties as envoy in Canada.
Late last month, Mr. Carney and U.S. President Donald Trump agreed to begin comprehensive talks on a new economic and security relationship following the election.
“We’ve got a big job ahead of us – reviewing and strengthening our strong trading partnership, securing our borders, confronting the deadly threat of fentanyl to our citizens, building our national security cooperation, and fulfilling our alliance commitments,” Mr. Hoekstra said in the statement.
“We must also invest in defending North America economically and militarily for the next century.”
– Gary Mason
NDP Leader Jagmeet Singh addresses supporters at his campaign headquarters in Burnaby, B.C.Darryl Dyck/The Canadian Press
In the end, the New Democratic Party was no match for the threat U.S. President Donald Trump posed to Canada.
And to a lesser extent, it didn’t have an answer for a Conservative Party led by an extremely effective communicator in Pierre Poilievre, who spoke to the issues that animated a lot of New Democrats, like bringing down the cost of groceries and heating bills, making housing more affordable and dealing with rampant crime.
NDP Leader Jagmeet Singh and his party didn’t have the firepower or the ideas or strategic battle plan to take on those forces.
Election night in Canada was just bad for the NDP all around. Mr. Singh lost his own seat and announced he will be stepping down as leader. Any attempts to hang on would have been a farce. It is time for a new leader and, frankly, it might have been time before the last election. The party only won seven seats Monday, although the results remain unofficial. It needed 12 to maintain official party status, with the money and resources that come with it. That hurts.
I will say this about Mr. Singh: He is a fundamentally decent human being who embodies the kindness and humility of the great Jack Layton. He showed remarkable class in defeat.
Read more about the NDP’s road ahead.
– Rob Carrick
Mark Carney arrives at the Office of the Prime Minister and Privy Council on Monday.Andrej Ivanov/Getty Images
The Liberals won the federal election with an unambitious, play-it-safe platform of personal finance measures that half-heartedly ticked boxes such as tax cuts and help for seniors.
Expect things to be a lot more interesting in the months and years ahead as the new government makes decisions affecting core financial issues such as the cost of an aging population, financial security for seniors and housing affordability. Broader economic decisions will affect interest rates and the stock market.
Here’s how things might shake out, from interest rates to old age security.
– The Canadian Press
Bloc Québécois Leader Yves-François Blanchet is calling for a “partisan truce” with other federal party leaders after Monday’s federal election, even as he faces criticism from his party’s provincial cousins for putting sovereignty aside.
Mr. Blanchet told reporters in Montreal that voters want stability in Parliament in order to address the ongoing trade war with the United States.
Parti Québécois Leader Paul St-Pierre Plamondon criticized the Bloc Tuesday for treating Liberal Prime Minister Mark Carney as a partner and for agreeing to suspend the push for Quebec independence while U.S. trade negotiations take place.
Mr. Blanchet said he remains committed to sovereignty but is convinced the population wants politicians to fix the trade situation first. He added that collaboration can only work if Mr. Carney shows respect for Quebec’s position on issues such as secularism, immigration and protection of the French language.
– The Canadian Press
B.C. Premier David Eby says he’s not interested in taking the helm of the federal NDP, as the party seeks a new leader following Monday’s election.
Mr. Eby would not say who he thinks should take on the role but acknowledged Tuesday it’s going to be a “challenging job” after a “tough night” for the party.
Jagmeet Singh said Monday night he will step down once an interim party leader can be named. Mr. Singh made the announcement after he lost his seat, and results indicated the NDP would lose official party status in the House of Commons.
While final votes are still being counted, the NDP is expected to end up with seven MPs, down from 24 when Parliament was dissolved.
Ontario NDP Leader Marit Stiles said that while this was a “very tough election” with a “difficult result,” the party is sending some strong MPs back to Parliament.
– The Canadian Press
People wait in line to register to vote at a polling station in Toronto.Arlyn McAdorey/Reuters
Elections Canada says more than 67 per cent of eligible voters cast a ballot in Monday’s federal election.
More than 19.2 million Canadians voted, according to preliminary figures from the non-partisan agency.
Turnout was higher than in the last federal election in 2021, when 62.6 per cent of eligible voters headed to the polls.
While this election was widely expected to see increased turnout, it did not surpass the record set in March, 1958, when 79.4 per cent of eligible electors voted. In that election, incumbent Progressive Conservative Prime Minister John Diefenbaker secured a majority against Liberal Leader Lester B. Pearson, who went on to become PM in 1963.
However, with votes still being counted, turnout figures still have some room to climb.
– The Canadian Press
As the Liberal Party could form a minority government following the election, economists say the focus now shifts toward Prime Minister Mark Carney’s spending promises amid the trade war with the United States.
CIBC chief economist Avery Shenfeld said in a post-election note that budget deficits “look likely to head higher in the near term,” adding that is typical when Canada experiences an economic shock and governments lean on fiscal stimulus.
“Deficits are likely to somewhat exceed what the Liberals suggested during the campaign, while still tracking miles below U.S. federal deficits as a share of GDP,” he said.
Shenfeld said higher deficits could be in the cards especially with a minority Parliament looking likely, as votes continue being tallied.
– Globe staff
Elections Canada’s turnout figures are preliminary, but overall, as experts expected, they do not break records in the way that advance polls did over the Easter weekend. Turnout is higher than recent campaigns, but it would have had to reach 75.3 per cent to match the consequential elections of 1984 and 1988, which, like this one, centred on Canada-U.S. relations and trade.
– The Canadian Press
Ontario Premier Doug Ford speaks at a press conference in Toronto on Thursday, April 17, 2025.Arlyn McAdorey/The Canadian Press
Ontario Premier Doug Ford said today that he wants to focus on unity, refusing to shoot back at a rant from a Conservative MP calling the premier a “problem,” an opportunist and a Liberal “hype man.”
Jamil Jivani, who won Bowmanville-Oshawa North, said in an interview with CBC on election night that Ford inserted himself in the federal campaign and Conservatives should not be taking advice from him.
Ford would not take Jivani’s bait in the wake of Poilievre’s loss, saying only that all Canadians have to stand together against the real threat, which is the economic harm that will be caused by Trump’s tariffs.
“I’m focusing on unity right across this country,” Ford said when asked about Jivani’s comments.
“We have to bring this country together like we’ve never had before. Each other are not the enemies. There’s one person that’s causing a real problem, not just here (but) around the world, and that’s President Trump.”
– Lindsay Jones
The Liberal Party swept most of Nova Scotia, with the Conservatives losing two seats, leaving the province with just one Tory MP, in Acadie-Annapolis, where Chris d’Entremont hung onto his seat by a slim margin – 470 votes with one poll left to report as of early Tuesday afternoon.
Late Monday night, the riding of Cumberland-Colchester, held by Conservative Stephen Ellis, switched from blue to red as final polls were tabulated, propelling Liberal Alana Hirtle to the win.
– The Canadian Press
With 98 per cent of the polls in Atlantic Canada reporting, the Liberals were elected or leading in 25 of 32 ridings, and the Conservatives were at seven. The New Democrats were not in contention, capturing less than five per cent of the popular vote. If those results hold when the final ballots are counted, the Liberals will end up with one more seat in the region than they won in the 2021 election.
The party has dominated the region for almost 10 years, though its grip has slightly loosened since Justin Trudeau was first elected to govern in 2015, when the Liberals won all 32 seats.
– Joe Friesen, Patrick White
Although Donald Trump was always the backdrop of Canada’s federal election, some voters saw Monday as a referendum on the more than nine years the Liberals held office under Prime Minister Justin Trudeau. The results were a mixed bag for Liberals tied to Mr. Trudeau’s government, with some retaining their ridings while others were ousted.
Sean Fraser responds to a question from the media after announcing he is leaving federal politics, Monday, Dec 16, 2024 in Ottawa. He came back and won his seat.Adrian Wyld/The Canadian Press
Former immigration and housing minister Sean Fraser won his Central Nova seat despite trailing in early returns. Mr. Fraser had announced he wouldn’t run in this election but changed his mind a few months later. He topped Conservative Brycen Jenkins by a margin of about 4,000 votes – 52 per cent to 43 per cent.
Anita Anand held five different portfolios under Justin Trudeau.ANDREJ IVANOV/AFP/Getty Images
Anita Anand won Oakville East, surviving a spirited challenge from former police officer Ron Chhinzer. She held five different portfolios under Mr. Trudeau, becoming one of the faces of Ottawa’s pandemic response as minister of public services and procurement. Prime Minister Mark Carney made her Minister of Innovation, Science and Industry in March.
Bryan May lost to Conservative Connie Cody.Supplied
Bryan May, who served briefly as parliamentary secretary to Mr. Trudeau, lost his Cambridge riding to Conservative Connie Cody. Mr. May also served as parliamentary secretary to the minister of national defence in 2021 before taking on the same post with the small business ministry.
Kamal Khera lost her seat to Conservative Amarjeet Gill.Sean Kilpatrick/The Canadian Press
Short-lived Minister of Health Kamal Khera fell to Conservative Amarjeet Gill in Brampton West. A registered nurse, Ms. Khera was sworn in as minister of health shortly after Mr. Carney became Prime Minister in March. Previously, she had been minister of diversity, inclusion and persons with disabilities, which she took on after serving as minister of seniors.
Ya’ara Saks was also unseated by her Conservative counterpart.Spencer Colby/The Canadian Press
Ya’ara Saks, a former minister of mental health and addictions, was unseated by Conservative Roman Baber in York Centre. A former MPP, Mr. Baber was kicked out of the provincial PC caucus for an open letter criticizing his government’s pandemic response that stated: “Lockdowns are deadlier than Covid.”
Sohi won about 39 per cent of the vote to his opponent’s 53 per cent.Sean Kilpatrick/The Canadian Press
Edmonton Mayor Amarjeet Sohi lost the Edmonton-Southeast riding to Conservative Jagsharan Singh Mahal. Mr. Sohi, a former bus driver, Liberal MP and cabinet minister who was elected mayor in 2021, took a leave of absence from his city job to run in this election. He won about 39 per cent of the vote to his opponent’s 53 per cent.
– Carrie Tait
Alberta Premier Danielle Smith at a national conference in Ottawa on April 10, 2025.Adrian Wyld/The Canadian Press
Alberta Premier Danielle Smith says her United Conservative Party will hold a “special caucus meeting” Friday to discuss the province’s future now that the federal government remains under Liberal control.
In a statement Tuesday, Ms. Smith congratulated Liberal Leader Mark Carney for his party’s victory in the federal election. She also thanked Conservative Leader Pierre Poilievre for fighting for causes that align with her worldview.
A small but loud faction of conservative Albertans is pressing for the province to leave Confederation now that the Liberals have secured their fourth consecutive term. Ms. Smith, who said she would not lead the charge but is not deterring would-be separatists, on Tuesday said her fellow citizens will “no longer tolerate having our industries threatened” and resources landlocked by Ottawa.
“In the weeks and months ahead, Albertans will have an opportunity to discuss our province’s future, assess various options for strengthening and protecting our province against future hostile acts from Ottawa, and to ultimately choose a path forward,” she said in her statement.
“As Premier, I will facilitate and lead this discussion and process with the sincere hope of securing a prosperous future for our province within a united Canada that respects our province’s constitutional rights, facilitates rather than blocks the development and export of our abundant resources, and treats us as a valued and respected partner within Confederation.”
She added that she will have more to say after Friday’s special caucus meeting.
Throughout the election, our reporters have been following the party leaders on the campaign trail, and travelling coast to coast to speak to Canadians about the issues that matter most to them. Now, as the results come in, they’ll be there to explain what it all means for you.
Tomorrow at 1 p.m. ET, Globe reporters, producers and columnists will be answering reader questions on the election, the results and what’s next for Canada.
What do the election results mean for the country? What were the defining moments in the campaign? Were there issues that you thought were overlooked? Submit your questions now, and tune back in tomorrow to see experts answer them live.
On Apr. 30 at 1 p.m., Globe reporters and columnists will be answering reader questions on the federal election campaign, the final results, and what it all means for Canada. Submit your questions now.
– Meera Raman and Mariya Postelnyak
The Liberal Party has won the federal election, and Prime Minister Mark Carney will have his work cut out for him as Canadians face the financial impacts of the trade war and ongoing cost of living concerns.
Here’s a breakdown of the major personal finance promises – from retirement to taxes – the party made during the election campaign, and how they could impact your pocketbook.
– The Canadian Press
Ontario Premier Doug Ford speaks at a press conference in Toronto on Thursday, April 17, 2025.Arlyn McAdorey/The Canadian Press
Ontario Premier Doug Ford says he looks forward to working with Mark Carney’s Liberals to meet a “crucial” moment for the province and for Canada.
Ford is calling on Carney to make good on promises to help tear down internal trade barriers and speed approvals for resource development projects, including in the mineral-rich Ring of Fire region in northern Ontario.
In a statement this morning, the premier also urged the new Liberal government to get infrastructure such as pipelines, highways and rail lines built to help Canadian goods and reduce reliance on the United States.
U.S. President Donald Trump had a looming presence in the federal campaign and in the provincial election that re-elected Ford two months ago.
Both Carney and Ford were pulled away from their campaigns to respond to American tariff announcements.
– Reuters
Market reaction has been muted. The Canadian dollar was barely changed at 1.3830 U.S. dollar, or 72.31 U.S. cents and Canada’s 10-year government bond yield was up less than a basis point at 3.174 per cent.
Canada’s main stock index also edged higher at the open on Tuesday. At 9:31 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 0.08 per cent at 24,819.43 points.
Here are some comments from financial analysts:
“The uncertainty of trade still rules the day. Until we get certainty around cabinet appointments and negotiations around NAFTA 2.0, I think we’re still kind of in this uncertain period. But broadly speaking, from our perspective, we’re quite optimistic and excited about Canada’s prospects.
“There’s a Canada-first mindset, some optimism around trade, inter-country trade, the willingness to get pipelines done.”
“Carney is going to have to choose his cabinet ministers carefully. He’s going to have some people with experience running these portfolios, but he’s also going to have to have enough fresh faces to send a message to the public and to the opposition party that his agenda is different than that of his predecessor.”
“Although the Liberals have just missed out on a majority, Prime Minister Mark Carney should still be able to implement his fiscal plans with support from the NDP or Bloc Québécois. If anything, the need to grant concessions to those parties means fiscal policy could end up even looser than the Liberals have signaled.
“That presents a modest risk to our view that the Bank of Canada will cut another three times this year, which would probably prevent the loonie and bond yields from falling by as much as we anticipate.”
“The CAD slipped marginally in overnight trade but is trading little changed on the day now and USD-CAD risk reversal pricing shows little change in skew through the 1– ,3– and 6-month tenors, suggesting markets are not overly concerned about another minority government at this point – despite the challenges ahead for Canada.”
– Chen Wang
Of the 54 seats that changed hands in last night’s federal election, most of those flips took place in Ontario. The province saw 22 ridings dump their incumbent MPs, while there were 11 flips in Quebec, 10 in British Columbia, eight in the Prairies and three in Atlantic Canada.
Although the Liberals lost 18 seats to the Conservatives – 14 of them in Ontario – they made up for those losses elsewhere. In Quebec, the Liberals took nine seats from the Bloc Québécois and another nine from the Conservatives, including three in Ontario and two in Nova Scotia.
The NDP lost 15 seats overall – nine to the Conservatives and six to the Liberals, with eight of those losses in British Columbia.
Some of the flipped seats are in ridings with redrawn boundaries. To determine whether a riding flipped, The Globe and Mail looked at whether a sitting MP prior to redistribution was seeking re-election. In cases where there was no incumbent, the incumbent was considered to be the party that controlled the old riding comprising the largest percentage of the population in the new riding.
– Greg Mercer and Chen Wang
Fifty-four ridings changed hands in Monday’s federal election. In Atlantic Canada and Quebec, the Liberals won key electoral districts, while the Conservatives knocked out incumbents in the Greater Toronto Area and Winnipeg. Here is a snapshot of five of them.
South Shore–St. Margarets (Nova Scotia)
Jessica Fancy-Landry was acclaimed the Liberal candidate in this Nova Scotia riding in January when the party was still riding low in the polls – and rode the swing in voter opinion all the way to victory over Conservative incumbent MP Rick Perkins. Mr. Perkins, who was an outspoken critic of the Liberals’ handling of the Indigenous lobster fishing dispute, had unseated fisheries minister Bernadette Jordan in 2021 to win here.
Rivière-des-Mille-Îles (Quebec)
Liberal gains in Quebec were a big story on election night, and Linda Lapointe’s victory in Rivière-des-Mille-Îles over incumbent Luc Desilets of the Bloc Québécois was part of that trend. Across the province, the Trump effect was powerful – with Bloc candidates saying voters told them they were worried about U.S. tariffs and wanted a strong Liberal delegation to stand up for Canada.
Aurora–Oak Ridges–Richmond Hill (Ontario)
Conservative candidate Costas Menegakis took this Ontario riding from the Liberals, defeating incumbent Leah Taylor Roy. Despite a late campaign stop by Liberal Leader Mark Carney, the seat was among the gains made in suburban Ontario by the Tories, who focused on “bread and butter” issues such as affordability and concerns about crime, Mr. Menegakis said.
Elmwood–Transcona (Manitoba)
Conservative Colin Reynolds won this Winnipeg-area riding, defeating incumbent MP Leila Dance as the New Democrats were sidelined in what became a two-horse race. Traditionally an NDP stronghold, Ms. Dance narrowly beat Mr. Reynolds here in a September, 2024, by-election to replace NDP MP Daniel Blaikie.
Victoria (British Columbia)
The Liberals broke the NDP’s 20-year grip on Victoria Monday night when Will Greaves defeated incumbent MP Laurel Collins. Ms. Collins told her supporters she had heard at the door that people wanted to vote NDP but felt afraid with Donald Trump in the White House. Similar stories played out across B.C., including in Burnaby Central, where NDP Leader Jagmeet Singh announced plans to resign after being unseated in his own riding.
– Jeff Gray and Alanna Smith
Voters line up to cast their ballot at a polling station in Toronto.Wa Lone/Reuters
The Liberal Party faced its most disappointing results in Monday night’s election in Ontario, losing ground to the Conservatives, particularly in the suburban 905 region that surrounds Toronto.
Conservative Leader Pierre Poilievre made breakthroughs in the Toronto-area ridings of the 905 area, named for its telephone area code, as well as strong showings elsewhere.
While the map still showed a large patch of Liberal red in the party’s strongholds in the Greater Toronto Area, several races in the region there were extremely tight. In some ridings, evaporating NDP support did not translate into expected Liberal wins.
In the 905, Conservative Costas Menegaskis defeated Liberal Leah Taylor Roy in Aurora–Oak Ridges–Richmond Hill, a riding the Liberals won by a razor-thin margin in 2021. The Conservatives also flipped Liberal ridings in Newmarket-Aurora and Brampton West, and Markham–Unionville, where Liberal Paul Chiang quit after a scandal over comments he made about handing a rival over to Chinese authorities.
– Eric Andrew-Gee
Bloc Quebecois Leader Yves-Francois Blanchet speaks to supporters on election night.Christopher Katsarov/The Canadian Press
The Liberals made significant gains in Quebec at the expense of the Bloc Québécois on Monday.
Mr. Carney’s party was leading or elected in 43 Quebec ridings late Monday night, compared with 23 for the Bloc, 11 for the Conservatives, and one for the NDP.
The battleground suburbs and rural areas around Montreal – the so-called 450, after the local area code – seem to have been decisive for the Liberals.
The party was hoping to improve on its 35 seats won in 2021 with a red wave in Quebec. The Bloc aimed to save the furniture, and most of the party’s 32 seats from the last election, after its support plummeted.
The sovereigntist party managed better than initially feared. In the newly redrawn riding of Gaspésie—Les Îles-de-la-Madeleine—Listuguj, the lawyer Alexis Deschênes defeated former Liberal cabinet minister Diane Lebouthillier, a significant pickup.
– Carrie Tait
Voters have their names checked in a polling station during Canada’s federal election in Calgary, Alberta, on April 28, 2025.Ahmed Zakot/Reuters
Alberta is set to return a platoon of Conservative candidates to Ottawa in Monday’s federal election, although a handful of city ridings hosted tight races, underlining the province’s rural-urban divide.
The Conservative Party won all but three of Alberta’s 37 ridings, according to the preliminary results Monday evening. The Liberals held Edmonton Centre and picked up Calgary Centre, while the New Democratic Party won Edmonton Strathcona, which it has controlled since 2008.
Elections Canada estimated voter turnout in Alberta exceeded 63 per cent. It counted 2,064,167 votes with 96 per cent of polls reporting. As of April 25, Elections Canada estimated 3,234,505 people were registered to vote in the province.
– Patrick White
Conservative Leader Pierre Poilievre walks with new MP for Durham Jamil Jivani as he takes his place in the House of Commons before Question Period, April 8, 2024 in Ottawa.Adrian Wyld/The Canadian Press
Simmering tensions between federal Conservatives and Ontario Premier Doug Ford burst into full view on election night as Jamil Jivani, the Conservative MP for Bowmanville—Oshawa North, used his victory speech to accuse Mr. Ford of undermining the federal party’s campaign.
During a subsequent on-air interview with CBC, Mr. Jivani called Mr. Ford “a problem for Ontario and for Canada.”
“He’s taken the provincial conservative party and turned into something hollow,” he continued. “Something that is unprincipled and doesn’t solve problems. He’s gladhanding with Chrystia Freeland, having coffees and lattes with Mark Carney and I’m sitting here saying we need to be fighting for change and something new and something different, not being a hype man to the Liberal party.
During the federal campaign, Mr. Ford declined to help Pierre Poilievre and defended and an advisor who accused Mr. Poilievre’s team of committing “campaign malpractice” by blowing an almost 25-point lead heading into the election.
Mr. Jivani once worked for Mr. Ford as a special advisor and province’s first Advocate for Community Opportunities, but resigned in 2022 after criticizing the government’s pandemic policies.
“I’m speaking from experience,” he told CBC. “I tried to fix problems in this province and [Ford] kept getting in the way and all his goons around him all the time.”
– The Canadian Press
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.
The counting was to resume at 9:30 a.m. ET
– Steven Chase
Pierre Poilievre speaks to supporters alongside his wife Anaida Poilievre after the election was declared for the Liberal Party.Amber Bracken/Reuters
Conservative Leader Pierre Poilievre is projected to lose his Ottawa-area seat to Liberal challenger Bruce Fanjoy, making him the second federal leader to be rejected by voters in Monday’s election.
With 264 out of 266 polls reporting early Tuesday, Mr. Fanjoy won 50.6 per cent of the vote to Mr. Poilievre’s 46.1 per cent.
Elections Canada paused the counting of special ballots early Tuesday with a handful of ridings still too close to call, including Mr. Poilievre’s. Counting was to resume at 9:30 a.m.
Mr. Poilievre had previously won seven times in the riding of Carleton or predecessor ridings in the region. The 45-year-old won with 52 per cent of the vote in 2021 and 46 per cent in 2019.
Ballot counting in the riding was slowed by a protest against the first-past-the-post electoral system that saw 85 activists run in the riding, making the ballot 91 names long.
The NDP’s Jagmeet Singh conceded his riding in British Columbia and resigned as leader of the party.
– Paul Waldie
Ukrainian President Volodymyr Zelensky congratulated Mark Carney and said Ukraine deeply valued stressed Canada’s support “from military, financial, and humanitarian assistance to imposing sanctions against Russia.”
“We are confident that our partnership will only grow stronger in our shared pursuit of peace, justice, and security,” Mr. Zelensky added.
– Paul Waldie
French President Emmanuel Macron referenced Mark Carney’s “elbows up” rallying cry in a congratulatory post on social media. “France is glad to further strengthen the friendship which unites our two countries,” Mr. Macron said in a post on X. “I’m looking forward to working with you — “elbow to elbow!”
– Paul Waldie
World leaders have congratulated Mark Carney on leading the Liberals to victory on Monday with some signaling that it marks the start of a stronger relationship with Canada in the face of growing unease with U.S. President Donald Trump.
European Commission President Ursula von der Leyen said “the bond between Europe and Canada is strong — and growing stronger.”
“I look forward to working closely together, both bilaterally and within the G7. We’ll defend our shared democratic values, promote multilateralism, and champion free and fair trade,” she added on Tuesday.
In his congratulatory message, British Prime Minister Keir Starmer noted the connections between Mr. Carney and the UK, stemming from the Canadian Prime Minister’s time as Governor of the Bank of England.
“With your leadership, and personal ties to the UK, I know the relationship between our two countries will continue to grow,” Mr. Starmer said in a statement. “We will work together to deepen our economic relationship to deliver security for hardworking people in the UK and Canada – which we were both elected to do.”
– Justine Hunter
New Democratic Party Leader Jagmeet Singh addresses supporters at his campaign headquarters on election night, in Burnaby, B.C., Monday, April 28, 2025.Darryl Dyck/The Canadian Press
Jagmeet Singh announced Monday night he will step down as NDP leader after a disappointing result that saw a major decline in the party’s seat count.
He said he will resign as soon as an interim leader can be named after he failed to win his seat in the Burnaby Central riding.
Mr. Singh choked up several times as he thanked his family, his caucus and his staff.
“Almost eight years ago I was elected the leader of this incredible party, this incredible movement. I worked really hard to be worthy of this trust, to live up to the legacy of our movement,” he said. “I’ll be stepping down as leader.”
The New Democratic Party was poised to return to Ottawa with a much smaller team. Earlier in the night, NDP national director Anne McGrath said she was still hopeful the party would outperform polling predictions.
As of press time, the NDP were leading in eight ridings, a disappointing result after winning 25 seats in the 2021 election. The party needs 12 seats to maintain official party status.
The party had garnered just over 5 per cent of the popular vote nationally, a sharp decline from the 17.8-per-cent share of the national vote that the party received in 2021.
“Obviously I’m disappointed that we could not win more seats, but I’m not disappointed in our movement. I’m hopeful for our party,” Mr. Singh told supporters.
– Stephanie Levitz
Conservative Leader Pierre Poilievre speaks to supporters on election night in Ottawa, Tuesday, April 29, 2025. THE CANADIAN PRESS/Chris YoungChris Young/The Canadian Press
Conservative Party Leader Pierre Poilievre delivered his party’s best showing in over a decade but failed to form government in an election that saw his party pick up new seats across the country – even as, early into Tuesday morning, his own seat remained a question mark.
With 250 of 266 polls reporting as of 2:45 Tuesday morning, the Liberals were tracking towards capturing the riding of Carleton, which Mr. Poilievre has held since 2004.
It was a result that came even as he expanded his party’s base of support in Monday’s vote into the Greater Toronto Area, Lower Mainland and parts of the Atlantic, holding the Liberals to a minority government.
He did not acknowledge his personal political prospects early Tuesday morning as he sought to frame the election results overall in a positive light: the Conservatives won more seats than last time, more votes than last time, denied the Liberals a majority and held the NDP at bay too.
“We know that change is needed but change is hard to come by,” he said early Tuesday morning.
“It takes time. It takes work and that’s why we have to learn the lessons of tonight so that we can have an even better result the next time.”
– Robert Fife and Steven Chase
Canadian Prime Minister Mark Carney arrives to address supporters at his campaign headquarters on election night in Ottawa on Tuesday, April 29, 2025.Nathan Denette/The Canadian Press
In his speech to supporters at TD Place Arena in Ottawa, Prime Minister Mark Carney said early Tuesday morning that America is interested in Canada’s land, resources, water and the country.
He said the country is now over what he called the “American betrayal.” The days and months ahead will be challenging and will call for some sacrifices, he said, but added that workers and businesses will be supported.
Mr. Carney said his government will build one economy for the country, not 13. (There are a total of 10 provinces and three territories).
The Liberal government is committed to free trade within the country by Canada Day, he said. “This is Canada, and we decide what happens here.”
The country must take steps such as to strengthen relationships with reliable partners in Europe, Asia and elsewhere, he added.
He said that when he sits down with U.S. President Trump, “it will be to discuss the future economic and security relationship between two sovereign nations.”
Mr. Carney said he intends to govern for all Canadians after what he called a “most consequential election.”
“Let’s put an end to the division and anger of the past,” Mr. Carney said. “We are all Canadian and my government will work for and with everyone.”
The 60-year-old said that over his long career, he has made many mistakes and he will make more. “But I commit to admitting them openly, to correcting them quickly, and always learning from them.”
– Robert Fife and Steven Chase
Canada’s Prime Minister Mark Carney speaks at the Liberal Party election night headquarters in Ottawa, Ontario on April 29, 2025.Carlos Osorio/Reuters
Mark Carney, the former central banker who sought elected office for the first time, led the Liberals to a minority-government victory Monday in an election that was upended by Donald Trump’s trade war and musings about annexation amid persistent concerns over the spiralling cost of living.
Canadians gave the Liberal Party its fourth mandate since 2015 but the race against the Conservatives was much tighter than polls predicted. At 4:15 a.m., the Liberals were leading or elected in 168 ridings and the Conservatives in 144. The Bloc Québécois had 23 seats, the New Democrats were at seven and the Greens at one.
The Liberals had a slim lead in the popular vote at 43.2 per cent to the Conservatives’ 41.7.
Like in 2019 and 2021, the Liberals will need to govern with the support of one of the opposition parties, which brings continued instability, with the threat of defeat hanging over the government.
Still, the win is a remarkable achievement for Mr. Carney, a political rookie who promised to stand up to the U.S. President and change Canada’s economic direction. He easily won his Ottawa-area riding of Nepean.
Prime Minister Mark Carney’s Liberals retained power in the federal election on Monday (April 28), but fell short of the majority government he had wanted to help him negotiate tariffs with U.S. President Donald Trump. Ryan Chang reports.
Reuters
Australia’s Alkane Resources ALKEF and Canada’s Mandalay Resources MNDJF have announced a “merger of equals “in an all-share transaction valued at approximately AU$1.01 billion ($707 million), creating a diversified gold and antimony producer with global reach.
The newly combined company will retain the Alkane name and remain listed in Australia, but it will seek a dual listing on the Toronto Stock Exchange.
“The transaction will take Alkane to a new level, bringing together two companies with complementary assets and a shared vision for growth,” said Nick Earner, Alkane Managing Director. “Mandalay’s two high-quality mines match the attributes of Tomingley: a proven history of consistent production, cash generation and exploration upside.”
The merger brings together three producing assets across premier mining jurisdictions. Alkane contributes to the Tomingley gold mine in New South Wales, which is currently ramping up production after an expansion.
Mandalay adds its Costerfield gold-antimony mine in Victoria—Australia’s only antimony producer—and the Björkdal underground gold mine in Sweden.
The combined group is projected to produce approximately 160,000 gold-equivalent ounces in 2025, increasing to over 180,000 ounces in 2026. Additionally, all-in sustaining costs (AISC) are forecast to drop from AU$2,750/oz in 2025 to AU$2,160/oz in 2026, reflecting improved scale and efficiency.
Frazer Bourchier, Mandalay’s President and CEO, noted the merger “presents a compelling opportunity for Mandalay shareholders to accelerate value creation through increased capital markets scale, liquidity and a growing diversified asset base.”
“The transaction aligns with our vision to create a mid-tier gold and antimony producer with mines in premier operating jurisdictions and with our strategy for continued growth,” he said.
Alkane’s Earner will lead the new entity, headquartered in Australia, while industry veteran Andrew Quinn will lead the board, which comprises three directors nominated by Mandalay and two by Alkane.
The pro forma balance sheet includes a robust cash position of AU$188 million ($120 million) as of March 31, 2025, allowing it to pursue further organic growth and strategic opportunities, including advancing Alkane’s Boda-Kaiser copper-gold project.
Mandalay shareholders will receive 7.875 Alkane shares for each share they hold, resulting in a 55% stake in the new company, while Alkane shareholders will retain 45%. The transaction has the unanimous support of both boards and major shareholders and is subject to regulatory, shareholder, and court approvals.
The companies expect the deal to close in the second half of 2025, pending regulatory approvals.
Read Next:
Photo by FOTOGRIN via Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trusted News Since 1995
A service for global professionals
·
Tuesday, April 29, 2025
·
807,723,491
Articles
·
3+ Million Readers
Canada-focused gold exploration company Fury Gold Mines has completed the acquisition of Québec Precious Metals (QPM) by acquiring all the issued and outstanding common shares of QPM.
The acquisition agreement was signed between the companies in February this year.
The acquisition provides Fury with a prospective gold and critical minerals exploration portfolio exceeding 157,000ha in Quebec. The portfolio includes the Sakami, Elmer East and Kipawa projects.
The transaction also enhances Fury’s position in the mining sector, particularly within the James Bay gold camp and the Témiscaming region, where the Kipawa project is located.
Under the terms of the arrangement, QPM shareholders received 0.0741 of a Fury common share for each QPM share held, resulting in the issuance of approximately 8.4 million Fury shares.
Options and warrants of QPM are now exercisable for Fury shares, adjusted according to the exchange ratio.
Fury CEO Tim Clark said: “We are pleased to officially complete this transformative transaction, which doubles Fury’s footprint in the Eeyou Istchee James Bay territory.
“The integration of QPM’s high-potential gold and critical minerals assets with Fury’s existing portfolio and strong financial position creates a more robust platform for exploration and growth.”
Trading of QPM shares on the TSX Venture Exchange and the Frankfurt Stock Exchange has been halted, with delisting expected by 30 April 2025. QPM will also seek to cease being a reporting issuer in Canada.
McMillan is serving as Fury’s Canadian legal advisor, while BCF Business Law is advising QPM.
QPM CEO and director Normand Champigny said: “Completing this transaction with Fury marks an exciting new chapter for QPM’s shareholders. With access to Fury’s strong leadership, financial resources and permitting expertise, we are confident in the enhanced ability to accelerate exploration efforts at Sakami and beyond.
“This combination validates the work accomplished to date and positions the assets for meaningful advancement, offering significant upside potential in today’s supportive gold market.”
“Fury Gold Mines acquires Québec Precious Metals” was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Already a subscriber?
Canada’s largest stock exchange expects a bumper year of dual listings of Australian companies after a record 12 months, as local resources explorers and energy developers search for bigger pools of investment.
Robert Peterman, the director of global business development at the Toronto Stock Exchange, said Australia had been “the number-one market for us”, particularly for mining companies looking for funding.
Fetching latest articles
Perth based Alkane Resources (ASX: ALK) are set to acquire Canada based Mandalay Resources in a proposed “merger of equals” to create a diversified gold and antimony producer.
The acquisition proposes that Alkane is to buy all issued and outstanding shares of Mandalay under a court-approved plan of arrangement in an all-share transaction. Mandalay shareholders will receive 7.875 Alkane common shares per each Mandalay common share held.
The merged entity will operate under the name Alkane Resources and following the transaction, Mandalay shareholders will own 55% of the merged company and Alkane shareholders will hold 45%.
The company will maintain its ASX listing as its primary and seek a Toronto Stock Exchange (TSX) secondary listing with an implied market capitalization of more than $1b.
With a combined forecast production of 180,000oz in 2026 the company will operate across three mines, Alkane’s Tomingley gold mine in Australia, Mandalay’s Costerfield underground gold and antimony mine in Australia and its Björkdal underground gold mine in Sweden.
The combined company is expected to improve capital market positioning and create a powerful platform with a shared vision for continued growth.
Alkane’s managing director Nic Earner commented that the transaction will elevate the companies to a new level.
“Mandalay’s two high-quality mines match the attributes of Tomingley, a proven history of consistent production, cash generation and exploration upside,” he said.
“The combination of assets, leadership and supportive long-term shareholders enhances our scale and financial strength and positions us well to continue to pursue additional growth opportunities.”
Mandalay’s president and chief executive Frazer Bourchier said that the transaction presents a compelling opportunity for shareholders to accelerate value creation.
“We are excited to have found a like-minded partner committed to the same principles,” he said.
“The transaction aligns with our vision to create a mid-tire gold and antimony producer with mines in premier operating jurisdictions and with our strategy for continued growth.”
The diversified production across three mines in premier jurisdictions proposes reduced overall operation and financial risk for shareholders.
| Date: | Tuesday May 6, 2025 |
| Time: | 9:00 a.m. MST (11:00 a.m. EST) |
| Registration: | For Express Access and Calendar booking, visit our website to register at: |
| Dial-in: | If you prefer to speak with an operator, dial: |
| 1-647-846-2449 (International) | |
| 1-833-821-2925 (North America Toll-Free) | |
| Webcast Link: |
An archived recording of the conference call will be available shortly after the event by accessing the webcast link above. The conference call will also be archived on the Baytex website at .
Baytex Energy Corp. is an energy company with headquarters based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.
For further information about Baytex, please visit our website at or contact:
Brian Ector, Senior Vice President, Capital Markets and Investor Relations
Toll Free Number: 1-800-524-5521
Email: …
To view the source version of this press release, please visit
SOURCE: Baytex Energy Corp.
MENAFN28042025004218003983ID1109483393
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Australia’s Alkane Resources (ASX:ALK) has announced it will acquire Canadian miner Mandalay Resources (TSX: MND) in an all-share transaction valued at approximately A$560 million, or US$358 million. The deal, made through a court-approved plan of arrangement, will combine the two companies into a single diversified producer of gold and antimony, operating across Australia and Sweden.
According to the terms released, Alkane will purchase all issued and outstanding shares of Mandalay. Shareholders of Mandalay will receive 7.875 Alkane shares for every Mandalay share they hold. Once the transaction is finalized, Mandalay’s shareholders will own 55% of the new company, leaving Alkane’s existing shareholders with a 45% stake. The newly merged entity will keep the Alkane Resources name and will continue its listing on the Australian Securities Exchange. It also plans to seek a listing on the Toronto Stock Exchange, broadening its presence across two major mining markets.
The merged company is expected to have an implied market capitalization of around A$1.01 billion, or approximately US$640 million. Production projections for the new Alkane Resources stand at 160,000 gold-equivalent ounces in 2025. That figure is forecast to rise to over 180,000 ounces in 2026, drawn from its three primary operations: Alkane’s Tomingley gold project in New South Wales, Mandalay’s Costerfield gold-antimony mine in Victoria, and the Björkdal gold mine located in Sweden.
The boards of both companies unanimously approved the merger. Their decision comes during a period of heightened consolidation across the gold mining sector, fueled by record-high bullion prices. Gold recently reached an all-time high of US$3,500.05 per ounce, representing a rise of over 25% so far this year. Factors such as ongoing geopolitical instability and aggressive gold purchases by central banks have helped push prices upward, driving companies to seek scale and operational synergies through mergers and acquisitions.
The Alkane-Mandalay agreement follows several other major transactions in the industry. Earlier this year, Equinox Gold completed its C$2.6 billion acquisition of Calibre Mining. Not long after, Spartan Delta agreed to a A$2.4 billion takeover offer from Australia’s Ramelius Resources. South Africa’s Gold Fields made a A$3.3 billion bid for Gold Road Resources, though that attempt was ultimately rejected. Just last week, Northern Star Resources finalized its A$5 billion takeover of De Grey Mining.
Leadership for the new Alkane Resources will be provided by Nic Earner, who currently serves as Alkane’s managing director. The companies expect the transaction to close in the third quarter of 2025, subject to shareholder approvals, regulatory consents, and other customary closing conditions.
Barrick Gold Corporation (NYSE: GOLD; TSX: ABX) announced it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French. This change is still subject to shareholder approval at its upcoming annual and special meeting of shareholders on May 6, 2025.
In connection with its name change, the company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start of trading on May 9, 2025. The Barrick common shares will continue to trade under the ‘ABX’ ticker symbol on the Toronto Stock Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025, will be 06849F108.
Barrick president and chief executive Mark Bristow stated: “Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six tier one gold mines, we are building a substantial copper business which will be a meaningful contributor to growing our production volumes in the coming years and beyond,”
Bristow added: “Barrick Mining Corporation and our new stock symbol, ‘B’, better reflect Barrick’s current business and our mission to achieve sustainable and profitable gold and copper growth. Gold remains core to our foundation, and we will continue to explore for and develop new gold mines, including the expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and exemplified by the Reko Diq project with its world class mix of both copper and gold.”
More information is posted on www.Barrick.com.
