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

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.

Pierre Poilievre’s Conservative Party saw pre-election polling momentum stall amid the trade war with the U.S. and Trump's "51st state" taunts.