Mark Carney secures Liberal majority

The Liberal sweep marks a significant turning point in Canadian politics, ending a period of minority rule and giving Carney a clear path to implement his economic agenda.

The suspension of the gas tax, which takes effect next week, is a direct response to the inflationary pressures caused by the war in Iran.

While the move was welcomed by several provincial premiers, Conservative Leader Pierre Poilievre criticized it as a short-term fix that fails to address long-term energy security.

Carney also signaled plans to accelerate major infrastructure projects and increase domestic oil and gas production to stabilize the economy.