Bitcoin-Friendly Poilievre Loses Seat as Carney’s Liberals Win 2025 Election

Bitcoin-friendly Conservative Leader Pierre Poilievre will not be a Member of Parliament after shedding his seat in an election which noticed Mark Carney’s Liberal Party safe sufficient seats to type a minimum of a minority authorities.

Data from Elections Canada, reported by the CBC, reveals Poilievre misplaced his Ottawa-area seat to Liberal Bruce Fanjoy on Monday evening after a 5-week election cycle triggered by Carney, the present Prime Minister, final month.

Overall, the Liberal social gathering took roughly 162 seats as of 12:00 a.m. Eastern Time, which is sufficient to type a minority authorities.

This is fewer than latest polls forecast, which projected {that a} Carney-led Liberal social gathering would hit majority authorities territory — 172 seats — given the threats U.S. President Donald Trump made to the nation’s sovereignty and the punitive tariffs the White House was directing northward.

However, CBC News famous as of midnight that votes had been nonetheless coming in and it’s not but clear if the Liberals will win sufficient seats to type that majority authorities.

If current outcomes stand below the U.Okay.-inspired Westminster system below which Canada operates, the Liberals would want the assist of one other opposition social gathering, such as separatist-minded Bloc Quebecois, or the left-leaning New Democrat Party to move payments within the House of Commons.

A Conservative-led non-confidence movement, ought to it have the assist of one other social gathering, could be adequate to set off one other election — although its far too early for this to be thought of.

Unlike the United States, the place crypto performed an necessary position in shifting the needle on successful Congressional races, and serving to put Trump again within the White House, it gave the impression to be a muted affair in Canada.

While each Carney and Poilievre have mentioned crypto prior to now, the difficulty did not come up for both campaigns though it was an necessary challenge for a lot of Conservative Members of Parliament.

On Polymarket, a contract asking bettors to predict the subsequent Prime Minister of Canada crossed the $100 million mark (in U.S. {dollars}) in quantity, and a dozen different election associated questions had shut to a different $100 million in quantity collectively.

UPDATE (April 29, 2025, 06:06 UTC): Fixes typo in Bruce Fanjoy’s title.