In a closely contested election, the Conservative leader Pierre Poilievre has lost his seat in Parliament while Mark Carney’s Liberal Party has managed to secure sufficient seats to establish at least a minority government.
Key Points:
- Poilievre’s defeat comes as the Liberals claim about 162 seats, although it remains uncertain if they will achieve a majority or minority government.
- Unlike in previous U.S. elections, cryptocurrency did not play a significant role in this voting cycle.
The election, driven by rising political tensions, has shifted power dynamics within the Canadian government, with Mark Carney continuing as Prime Minister. Poilievre’s loss represents a pivotal moment for the Conservative Party, particularly given his previous position as a strong advocate for cryptocurrency.
As reported, Elections Canada shows Poilievre lost to Liberal Bruce Fanjoy in a decisive race marked by recent political shifts. Despite expectations of a stronger Liberal presence and the ongoing political climate, results suggest that Carney’s party may need to rely on support from other parties to govern effectively.
Moreover, while the crypto industry had a notable influence in the U.S. elections, it failed to surface as a topic in the Canadian campaigns despite its relevance to many Conservative MPs.
Note: This article was updated on April 29, 2025, at 06:06 UTC to correct the name of Bruce Fanjoy.
