Carney is now on stage delivering his acceptance speech.

"Prime minister, I think it's clear we should just skip a generation," he joked, referencing his daughter's speech and the speech from Trudeau's daughter earlier.

"This room is strong. This room is Canada strong," he says in his opening remarks.

He thanks his family for their support.

Carney references Chretien's speech and says the former prime minister inspired his family to become liberals. He says his father decided to run as a liberal candidate in Alberta in the 1980s.

"You inspired me over the years and now to have an opportunity to continue your tradition of fiscal responsibility, social justice and international leadership," he says.

Image source, Reuters

Mark Carney's daughter, Cleo, introduces her father after his win.

"My father is to his core a man of commitment," she says, adding he is "unflinchingly dedicated to what matters, focused and principled."

"Canadians care about actions, and my father is a man of action, a man who has travelled the length of Canada to hear what Canadians want from their leaders, what they want for their future," she says.

Cleo, a Harvard student, praises Carney as a father and says he has and always will show up for Canadians.

Here's a look at the full results, as read out at the event.

• Mark Carney - 131,674 votes equal to 85.9% of the ballots
• Chrystia Freeland - 11,134 votes equal to 8% of the ballots
• Karina Gould - 4,785 votes equal to 3.2% of the ballots
• Frank Baylis - 4,038 votes equal to 3% of the ballots

Image source, Reuters

Former UK and Canada central bank chief Mark Carney wins the Liberal leadership race.

He will succeed Justin Trudeau as Canada’s prime minister and Liberal Party leader.

Stick with us for more.

We are now hearing from Sachit Mehra, the president of the Liberal Party.

Mehra will announce the results of the 2025 Liberal leadership race.

Stick with us for live updates.

Chrétien says Canada is a "very proud country".

"From one old guy to another old guy: stop this nonsense," he says, in a remark apparently aimed at Trump, which gets a big cheer. "Canada will never join the United States."

He says his parents were not millionaires from New York but that his mother taught him good manners. She would have been ashamed if he had treated anyone in the way the US president treated Ukrainian President Volodymyr Zelensky, he says, referring to the two's meeting last week.

"The reason we don't want to become American is because our values as Canadians," he says, saying Trump has united Canadians "as never before".

"So I want to say thank you to him, and I think I will propose him for the Order of Canada," he says, to laughs. "I'm just kidding," he adds.

He ends his speech saying "Vive le Canada" - long live Canada.

Sticking to Canada's fraught relationship with the US over tariffs, Chrétien says that "historically" the two countries have had difficulties but "we've always found ways to solve it".

"We have worked and collaborated with the United States in the past and I'm telling you, we will do so in the future," he says. "We're good neighbours and friends but we're a proud and independent country."

He references a number of past diplomatic incidents with the US, saying Canada was successful in resolving previous difficulties. When he mentions Canada's refusal to join American war efforts in Iraq, the crowd erupts into cheers.

Chrétien is continuing to deliver his speech on stage.

"The world has lived for 80 years with the rule-based order that has brought us peace and prosperity," he says.

Chrétien says Canada has been able to "sleep well every night" until US President Donald Trump "decided to throw it all out the window".

"We are going to be living very difficult times," he says, but expresses his confidence in the next prime minister to work with leaders in the Canadian government to "stand together to meet the challenges that Mr Trump is creating for the whole world".

Chrétien praises the Liberal government for "confronting the menace imposed" in recent weeks of "completely unjustified" tariffs threatened by the US.

Regional governments have been right to retaliate as they have, he says.

They can consider going further and hitting the Americans "where it really hurts" by imposing export taxes on oil, gas, potash, aluminium and electricity, he says to large cheers. He says the money could be used to build Canadian infrastructure.

Image source, Liberal Video

After Trudeau leaves the stage to chants of his surname, the speaker welcomes to the stage the 20th prime minister of Canada, Jean Chrétien.

He says this is the ninth Liberal Party leadership convention he's attended - saying he's continued to come back because of its commitment to "better lives for Canadians for the days, months and years ahead".

Chrétien says he wants to pay tribute to Justin Trudeau for "taking the Liberal party from third place to government and three successive election victories".

Jessica Murphy
Reporting from Ottawa

Image source, Getty Images

In the months before Trudeau announced he was resigning, Liberals were frustrated with the prime minister.

Polling was dismal, Canadians were unhappy with the economy and the country's direction, and more and more Liberals MPs were openly calling for him to leave.

Tonight, that was forgotten, as party faithful cheered Trudeau as he took the stage.

He tells them he is “damn proud” of his time in office. Then, with a knowing look, he works in a reference to his early campaign slogan of "hope and hard work" and makes a case for his legacy.

He walks off to chants of "Trudeau, Trudeau, Trudeau".

Trudeau is wrapping up his speech, telling the crowd "the world is looking to see what Canadians will do".

"Let us not dwell on all the great things we've achieved over the last 10 years," he says. "Let us inspire instead to achieve even more over the next 10 years and decades to come."

"Let us remain steadfast, defiant and united and let us not just think about our party, let us prove our love of country," he adds.

Trudeau then exits the stage.

Image source, Reuters

Trudeau tells the Liberal Party crowd that "once again, we need you".

"Your country needs you maybe more than ever. And I have no doubt that you will answer the call, because you've done it before. Liberals will meet this moment," he says.

He describes it as a "nation-defining moment", adding: "Democracy is not a given, freedom is not a given, even Canada is not a given."

None of those happened by accident or will continue without effort, he says, adding "it takes courage, it takes sacrifice, it takes hope and hard work".

Trudeau continues, saying that the party has a "responsibility to ensure Canada stays the best country on earth."

He says Canadians are now showing "what makes us... by proudly embracing who we are" as existential challenges emerge - a statement that's quickly met by cheers.

Trudeau switches to French, saying that Canada embraces its diversity and proudly shows off its heritage around the world.

Back to English, he subtly addresses Trump's economic threat saying that Canada is "a country who will fight when we must, elbows up".

Image source, Reuters

Outgoing Prime Minister Justin Trudeau takes to the stage – he seems in an upbeat mood.

He thanks his daughter for introducing him this evening, and thanks her for putting up with the strain of his role over the years.

"Don't get me wrong, I'm damn proud of what we've done over these past 10 years," he says, "but tonight is about our future as a party, as a country."

Attendees are being shown a video of the highlights of Justin Trudeau's time as leader of the Liberal Party.

Trudeau was elected at the helm of the party in 2013 and led them to electoral victory two years later.

His 16-year-old daughter Ella Grace follows with a touching tribute to her father's political and personal record: "Come here to talk to you about your PM, but to me, he's just dad."

"My brothers and I have shared our dad with you for the past 12 years, but now we're taking him back. But I guess, before that, you can have him one last time."

We expect Trudeau to take to the stage next.

The Liberal Party, in a post on social media, says 151,899 people voted in the leadership election - the result of which we're expecting in the next hour.

Voting closed earlier today.

At the end of January, the party said 400,000 people had signed up to cast ballots in the hastily called race.

You can watch the event live at the top of this page.

The four candidates have now taken their seats and Elder Claudette Commanda, the chancellor of the University of Ottawa, has delivered the land acknowledgement.

Joking about the height of the lectern - she's partially hidden by the front sign - she calls for "kindness and respect" as she wishes all candidates "the best of luck".

Her speech gets a standing ovation before the hall stands for a performance of the national anthem, O Canada.

Image source, Reuters

Mark Carney, the former central banker and the candidate widely seen as the race's frontrunner, takes to the stage and asks: "who is ready to stand up for Canada?"

"We have to win this election, the big election," he says, "the stakes have never been higher" - referring to the general election that must be called by October this year, but is likely to happen sooner.

"We have made this the greatest country in the world and now our neighbours want to take us," he says, as people in the room boo the suggestion of being taken over by the US. "No way," says Carney.

Jessica Murphy
Reporting from Ottawa

There are many Mark Carney signs waved by his supporters in this crowd - they are hard to miss - but the other candidate with the most visibility is Karina Gould, who at 37 is the youngest in this race.

Howard Brown has been helping her campaign. "I saw in her a kindness," he says.

"And I think it's very rare in politicians, she seemed to have not only an understanding of the issues, not only she was there for the right reasons, but she really related to all the people."

I met possibly one of her youngest supporters (too young to vote in this race, where you have to be at least 14), but Bruce Malinowski says if he could, he would vote for Gould.

"I just feel like she has really good ideas, and she's a really smart person," he says.

What got you interested in politics, I ask.

"My parents," he answers.