September 21, (THEWILL) – Canadian Prime Minister Justin Trudeau hung on to power on Monday, saying he had won a clear mandate to govern although he fell short of his goal for a majority win.
The Canadian dollar strengthened against its U.S. counterpart in Asian trading on Tuesday, in part as a projected election win for Trudeau’s Liberal party reassured investors that economic support would continue.
Trudeau, 49, a charismatic progressive and son of former Liberal Prime Minister Pierre Trudeau, swept to power in 2015.
Since 2015, he has governed with a minority of House of Commons seats since 2019, and decided to gamble on an early vote and capitalize on his government’s handling of the pandemic, which included massive spending to support individuals and businesses and a push for high vaccination rates.
Instead, he will end up where he started after an unexpectedly tight election race characterized by a lacklustre campaign and voter anger at an election during a pandemic.
Conservative Leader Erin O’Toole, whose party placed second, conceded defeat as results trickled in late into the night.
Trudeau spoke to supporters shortly after, pledging to work with other parties for the good of all Canadians.
“You are sending us back to work with a clear mandate to get Canada through this pandemic and to the brighter days ahead,” Trudeau said to a small crowd gathered in a hotel ballroom. “What we’ve seen tonight is that millions of Canadians have chosen a progressive plan.”
CBC and CTV projected that Trudeau’s Liberal government would hold a minority of seats in the House of Commons, meaning he will need another party’s support to govern.
Elections in Canada showed the Liberals leading in 156 electoral districts nationally, one more than they held before the election, including 110 in vote-rich Ontario and Quebec.
The House of Commons holds 338 seats and a party needs to win 170 to hold a majority.
The Conservatives led in 122 districts.
The Conservatives looked on track to win the popular vote, attracting 34 percent support to the Liberals’ 32 percent, but Liberal support is centred around urban and suburban areas where there are more seats.
“Our support has grown, it’s grown across the country, but clearly there is more work for us to do to earn the trust of Canadians,” O’Toole told supporters, while suggesting that he planned to stay on as leader. “My family and I are resolutely committed to continuing this journey for Canada.”
However, the Liberals dropped to a minority in 2019 after Trudeau was damaged in part by disclosures that he had worn blackface years ago.
Amid a fourth wave of COVID-19, Trudeau backed vaccine mandates while O’Toole, 48, opposed them, preferring a combination of voluntary vaccinations and rapid testing to stop the spread of the virus.
Trudeau had said he needed a new mandate to ensure Canadians approve of his plan for getting the country past the coronavirus pandemic. The Liberals, whose fiscal policy supports for the pandemic exceed 23 percent of GDP, plan billions in new spending to support economic recovery if re-elected.
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