Bitcoin-friendly Poilievre loses seat as Carney’s Liberal Party secures election victory

Conservative Leader Pierre Poilievre lost his seat in Parliament to Liberal Bruce Fanjoy during Canada’s 45th election. Mark Carney’s Liberal Party won with 162 seats, but it was unclear whether the party would form a majority or minority government.

CBS News projection up until late Monday showed that Poilievre’s Conservative Party was on track to take at least 151 seats. The outcome for the Liberals showed a turnaround as they trailed the Conservatives in polls by 20 points as recently as February.

Poilievre loses seat as Carney’s Liberal Party wins the elections

Good riddance @PierrePoilievre. Don't let the door hit you in ass-ociation on your way out.

Congratulations @brucefanjoy nobody worked harder than you to win your seat.
🇨🇦❤️🇨🇦❤️🇨🇦❤️🇨🇦❤️ pic.twitter.com/l08bJ4eyje

— Bill Rice 🦋 (@2muchfun4me) April 29, 2025

Bitcoin-friendly Pierre Poilievre will not be a Member of Parliament after losing his seat in Canada’s 45th election. At the time of publication, Mark Carney has won and secured approximately 162 seats, which is enough to form at least a minority government.

Data from Elections Canada showed Poilievre lost his Ottawa-area seat to Liberal Bruce Fanjoy on Monday night after a 5-week election cycle initiated by Carney last month.

The current Prime Minister’s party win was also fewer than recent polls forecast, which projected that a Carney-led Liberal party would attain majority government territory with 172 seats. An Iposos poll conducted between April 1st and 3rd argued that Carney’s win would be fueled by the ongoing threats U.S. President Donald Trump made about the country’s sovereignty and the looming tariffs the White House was directing northward.

CBS News reported that votes were still coming in at midnight, and it is not yet clear whether the Liberals will win enough seats to form that majority government. According to the U.K.-inspired Westminster system under which Canada operates, the Liberals would need the support of another opposition party, such as the left-leaning New Democrat Party or the Bloc Quebecois, to pass bills in the House of Commons.

Carney’s party, who have secured a fourth consecutive term in power, last won a parliamentary majority in 2015. The Liberals had also relied on the support of the left-leaning New Democratic Party to pass legislation after nearly winning the 2021 election with 160 seats.

Carney says he is prepared to fight against Trump’s tariffs and ideology

Poilievre was hoping to capitalize on the widespread unpopularity of former Prime Minister Justin Trudeau, but Trump’s return to the White House initiated a surge in patriotic sentiment in Canada, which influenced voters around the Conservative party. After the incumbent party led the race for more than two years, their advantage died down after Carney stepped in to replace Trudeau, and tensions escalated between Ottawa and Washington.

David Coletto, head of the polling firm Abacus, noted that the shift in polls was “absolutely without precedent.” He also called the complete reset in polls “unprecedented” as he noted that it came from Justin Trudeau’s unpopularity and how much of a threat and game changer Donald Trump had meant to Canada.

Carney, who became prime minister in March, maintained on the campaign trail his aggression towards Trump’s trade wars and threats to turn Canada into the 51st U.S. state.

“Our old relationship with the United States is over, unfortunately. And America’s leadership of the global economy is over. And this, this is a tragedy. This is still in play. But it is a tragedy. It is also our new reality. We have to recognize it.”

~ Mark Carney, Canada’s Prime Minister.

The politician added that “we will fight,” and that the country was already fighting the U.S. with its own counter-tariffs. He argued that his country’s counter-tariffs will cause maximum damage in the U.S. with minimum impact in Canada.

As Canada began the elections on Monday, Trump wrote on Truth Social, “Good luck to the Great people of Canada,” while he reiterated his talking point about the nation becoming a U.S. state. He urged the country to elect “the man who has strength and wisdom” to cut their taxes in half, increase their military power, for free, to the highest level in the world, and have businesses quadruple in size “if Canada becomes the cherished 51st. State of the United States of America.”

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