The Liberal Party has won a fourth straight election, winning 168 seats in Canada’s House of Commons but coming four seats short of a majority government.

Mark Carney, who replaced Justin Trudeau as prime minister in March, managed to convince enough Canadians that only someone who was the governor of both the Bank of Canada and Bank of England could effectively deal with President Donald Trump and his increasingly belligerent behavior that included threats to impose a 25 percent tariff on all Canadian products and suggestions that the US would annex Canada as the 51st state.

The choice of Carney indicates a large absence of political sanity in Canada and Canadians have truly elected a government that their myopia merits.

For a party that was over 20 points behind in the polls when Trudeau announced his resignation in January, it was a stunning reversal of fortunes. At that time, the Conservative Party under Pierre Poilievre was slated to win the largest majority in Canadian history because Trudeau had become so unpopular.

But by running against Trump and not the Conservatives, Carney was able to convince enough Canadians that the decade of decline under Trudeau shouldn’t be the focus of the election campaign and that it was all about Trump. It was a spectacular deception and exercise in psychological operations by a party that believes it is entitled to be the government in Canada and a party leader who pretended he was an agent of change even though he was intimately involved in the Trudeau government as an economic adviser.

He was still using those talking points Monday night in his victory speech. “As I’ve been warned, America wants our land, our resources, our water, our country. But 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.”

Ironically, all of his tough talk on Trump did not prevent the American president from endorsing Carney. The two have crossed paths in the past and Brookfield Assets Management, Carney's company, once came to the financial assistance of Jared Kushner, Trump’s son-in-law. Carney's election, because he is so deeply in the pocket of China, will mean more fentanyl coming across the US border. 

The election is a catastrophic result that could well be the beginning of the end of Canada. Carney is a globalist and enthusiast of extreme climate change policies that include an emphasis on net zero energy consumption. His Glasgow Financial Alliance for Net Zero (GFANZ) was cited by the House Judiciary Committee as a “climate cartel” because of its aggressive operations to force banks and businesses to adopt net zero policies.

Carney has deep ties to China and has advocated for the Chinese yuan replacing the US dollar as the global currency and has argued that China should replace the US as the economic engine of the world. While he was working as a chief economic adviser to the Trudeau government, he went to Beijing, ostensibly to represent Canada but used the opportunity to arrange a massive and murky loan for his company, Brookfield.

Poilievre expressed outrage when the scandal broke in March over Carney would meet with Chinese central bank officials in October 2024 to negotiate a loan for the Carney-chaired Brookfield Assets Management while he was economic advisor to former Prime Minister Justin Trudeau. Carney left with a 1.96 billion yuan or $276 million (CDN) loan.

“After Justin Trudeau named Mark Carney his economic adviser, giving him massive power over public policy in Canada, Mr. Carney went over for meetings in Beijing, where he just had secret talks with the deputy governor of the Chinese central bank. Two weeks later, Brookfield got a quarter-billion dollar loan. What did they talk about? What did Mr. Carney, in his role as Trudeau economic adviser, offer to China? Why would he be having secret meetings with top government controlled bankers about getting a quarter billion dollar loan while he was supposed to be acting in Canada's interest as the prime minister's economic adviser?” Poilievre asked when the scandal broke in March.

Brookfield has been another source of criticism for Carney. While advocating net zero policies and banning pipelines in Canada, Carney’s company invested heavily in fossil fuels and pipelines around the world. The company also funneled hundreds of millions in profits to financial havens in Bermuda and the Cayman islands in order to avoid paying taxes in Canada. The Canada Revenue Agency is investigating Brookfield for tax avoidance. Carney has refused to disclose his financial holdings but it could be well in the hundreds of millions of dollars.

Carney is the embodiment of rapacious globalist policies and environmental extremism. He has been hypocritical in his business practices and often issued contradictory policies during the election campaign. Despite living outside of Canada for years, Carney presented himself as a true blue Canadian, and although he claimed to have played hockey while studying at Harvard, the evidence for that is lacking.

Carney’s election will accelerate Canada’s East-West divide and Alberta Premier Danielle Smith has already said that a Carney government will create a national unity crisis as he implements policies to impede and stagnate the oil and gas industry while Alberta is forced to pay “equalization” payments to poorer provinces.

Although the Liberal campaign slogan was “Canada Strong,” the future appears bleak as Carney is a dangerous man who has threatened to use “emergency powers” to enforce his agenda. Many in Alberta believe he will try to assume federal control over Alberta’s energy sector, even though the Constitution guarantees provincial autonomy over natural resources.

Poilievre ran on a platform of fighting crime, fewer taxes, reduced spending and the elimination of most regulations that have put the Canadians economy in a straightjacket. He reached out to labor and blue collar workers and received the endorsement of 10 private sector unions. Poilievre promised to defund the CBC, state media that receives $1.4 billion in taxpayer subsidies.

Carney is likely to exacerbate the economic malaise in Canada. The country suffers from a housing crisis and has the lowest GDP among the G-7 nations. The national debt ballooned under Trudeau as did the number of government workers.

With a minority government, Canadians could be back at the polls within a year and Carney will have to strike a deal with the socialist New Democratic Party or the separatist Bloc Quebecois to even form a government. In his concession speech, Poilievre reminded supporters of what the election was about.

“Now my message to Canadians, the promise that was made to me and to all of you, is that anybody from anywhere could achieve anything that, through hard work, you could get a great life, you have a nice, affordable home on a safe street. My purpose in politics is and will continue to be to restore that promise.”

But Poilievre lost his own seat and will have to ask another Conservative MP to step down to even lead his party as the Official Opposition in the House of Commons. The outcome could have been different if he had followed his instincts in the election campaign and not listened to a campaign team that couldn’t find a coherent message at times. In the last two weeks, Poilievre started talking about change instead of Trump and that was resonating with voters. Another week of rallies might have changed things for Poilievre.

Now he could be the best prime minister that Canada never had.