The Liberals’ victory is a remarkable one for a party headed for defeat at the start of this year, though with votes still being counted, they have yet to secure a parliamentary majority.

Carney's win represented a repudiation of Trump's volley of threats to annex Canada and make it the "51st state." That rhetoric – along with punishing tariffs on Canadian goods – has sparked an unprecedented wave of Canadian nationalism and overturned years of stability between the two neighbors.

The projected result marked a reversal in fortunes for a party that was on track for a historic wipeout only months ago and capped a campaign upended by Trump.