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title: Mark Carney Wins Canada’s Pivotal Election | TIME
description: Prime Minister Mark Carney’s Liberal Party won Canada’s federal election on Monday, capping a stunning turnaround in fortunes fueled by U.S. President Donald Trump’s annexation threats and trade war. 
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* World

# Mark Carney Wins Canada’s Pivotal Election

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<!-- video src="https://cdn.jwplayer.com/manifests/E7a14mhf.m3u8" -->
## Video: Mark Carney Wins Canada’s Pivotal Election

[Watch (HLS stream): Mark Carney Wins Canada’s Pivotal Election](https://cdn.jwplayer.com/manifests/E7a14mhf.m3u8) (2:03)

![Mark Carney Wins Canada’s Pivotal Election](https://cdn.jwplayer.com/v2/media/E7a14mhf/poster.jpg?width=720)

_Published 2025-04-29. Prime Minister Mark Carney’s Liberal Party won Canada’s federal election on Monday, capping a stunning turnaround in fortunes fueled by U.S. President Donald Trump’s annexation threats and trade war._


---

Apr 30, 2025 11:20 AM UTC

---

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[Ex-Central Banker Mark Carney to Replace Justin Trudeau as Canada's Prime Minister](/video/ovP2FcSj/)

### Ex-Central Banker Mark Carney to Replace Justin Trudeau as Canada's Prime Minister

[Justin Trudeau Elected Canada's Newest Prime Minister](/video/Lr3GLZrL/)

### Justin Trudeau Elected Canada's Newest Prime Minister

---


## Transcript

You know, I chose to enter politics because I felt we needed big changes in this country, but big changes guided by strong Canadian values. America wants our land, our resources, our water, our country. Never. But these are not. These are not idle threats. President Trump is trying to break us so that America can own us. That will never that will never, ever happen. But we. But we also must recognize the reality that our world has fundamentally changed. There is also, for me, as I stand before you this evening, humility in recognizing that, well, many have chosen to place your trust in me. Trust in the Liberal Party.

Millions of our fellow citizens preferred a different outcome. Our old relationship with the United States, a relationship based on steadily increasing integration, is over. The system of open global trade, anchored by the United States, a system that Canada has relied on since the Second World War. A system that will not perfect has helped deliver prosperity for a country for decades. When I sit down with President Trump, it will be to discuss the future economic and security relationship between two sovereign nations. And it will be with our full knowledge that we have many, many other options than the United States to build prosperity for all Canadians.

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