It's just gone past 02:00 in Canada's capital, and we've only just finished hearing from the leaders of the two main political parties after a snap election that was called last month.

Here's what we know:

• The Liberal Party is projected to win the race, according to the CBC
• Both the Liberal Party - led by Mark Carney - and the Conservatives - led by Pierre Poilievre - dominated the evening leaving the two other major parties the Bloc Québécois and the New Democratic Party (NDP) in the dust - its leader, Jagmeet Singh, resigned earlier

• Carney has officially won his first seat in parliament

Trump dominates post-election speeches:

• The US-threatened trade war and talk from Donald Trump about making Canada the 51st US state was the major theme of the election cycle
• In his victory speech, Carney accused Donald Trump of trying to "break" Canada with a trade war, insisting that would "never happen"
• Conceding the election, Poilievre said his party had learned "hard lessons" at this election, reassuring supporters that the Conservatives and Liberals would work together to "stare down tariffs and other irresponsible threats" from Trump

What we still don't know:

• It is too soon to tell if Liberals will have enough seats to form a majority government - party's needs 172 or more seats, otherwise they'll need support from other parties to pass legislation
• Poilievre's race in nearby in Carleton, near Ottawa, has yet to be called

Image source, Reuters

While the prime minister of Canada was speaking to supporters in his riding of Nepean, Ontario, we learned that he has officially won that seat in parliament, according to Elections Canada.

Carney - who has never held elected office before - won 64% of the vote, Conservative Barbara Bal took 33% and the NDP's Shyam Shukla has secured 2%.

The numbers point to a swing of 18 percentage points towards the Liberals, who appear to have taken a significant proportion of votes from the NDP.

The PM ends his acceptance speech by again highlighting that Canada will win this trade war against the US, and "fight back with everything we have to get the best for Canada".

Canadians have come to defend our values in recent months, he says, and promises to "build an independent future for our great country".

He concludes: "together we will build a Canada worthy of our values. Canada strong, Canada free, Canada forever, vive le Canada!"

We've just finished hearing from the HQs of the Conservatives and the Liberals. We're going to wrap up some more lines and analysis from those speeches, and then bring you up to speed on some more results that have come through in the last hour. Stick with us.

Carney warns the challenges the country faces will be difficult, adding that major change is always concerning. But he says he has confidence in all of Canada.

"Because Canada is more than a nation, we are and always will be a federation," he adds. "We're not always perfect, but we strive to be good."

He says Canada's strength lies in our unity and working together.

"We strive to do things because they're right, not because they're easy," he says.

Returning to Canada's relationship with the US, Carney now directs his attention to the US president.

He says he and Donald Trump will "discuss the future of two sovereign and independent nations" in the coming days.

The Liberal government will strengthen partnerships with countries in Europe and elsewhere, he adds.

If the US no longer wants to be at the forefront of world leadership, Canada will be, Carney tells the cheering audience.

He says Canada will be an energy superpower and his government will build strong jobs, adding: "This is Canada, we decide what happens here."

Th French language and the Québécois culture are "are at the heart of the Canadian identity", Carney continues, switching to French.

Whether you're a worker in Quebec or a worker in Toronto, "my government will work for you".

To the "millions" of voters who didn't cast a ballot for the Liberal Party, Carney says he has a message: "I will always do my best to represent everyone who calls Canada home."

Carney says he went to Saskatchewan and Alberta several times, despite it being "tough out there" for the Liberal Party there.

"My government will work for and with everyone."

Image source, Reuters

Carney says Canada now finds itself at a "hinge moment" of history.

"Our old relationship of integration with the US is now over," he tells the crowd.

He describes it as a tragedy.

"We are over the shock of the American betrayal, we have to take care of each other," Carney adds.

Carney tells supporters that humility means working with all parties across government, working with provinces and Indigenous people.

He says he wants to bring together labour, business and civil society.

"Humility is also about recognising that one of the responsibilities of government is to prepare for the worst," Carney tells the crowd.

Carney says he has been warning for months that America "wants our land, our resources, our country".

The crowd erupts saying "never".

"President Trump is trying to break us so that America can own us, that will never ever happen," Carney says.

Image source, Reuters

Carney continues with thanks, highlighting his wife and children who "inspire me to service every day", as well as the people elected who put themselves forward to serve Canada.

He goes on to explain how he joined politics because he felt Canada needed "big changes", with those changes guided by Canadian values.

Carney says these are the values he learned at the dinner table from his family, on the ice from his ice hockey coaches, and values that have been "reinforced as I've met with Canadians across this great country".

Those include three values, he says - humility, ambition, and unity.

Carney goes on to congratulate the other party leaders, and gives a special shout out to the contribution of Jagmeet Singh, leader of the New Democratic Party (NDP).

The NDP leader announced within the last hour that he would be stepping down from party leadership.

He applauds Singh on "leading on progressive values".

Carney then thanks Conservative leader Pierre Poilievre for his commitment to the country "we both love".

Mark Carney is now addressing Canadians in his first public remarks since his election win.

He walks to the stage as people chant "Carney".

"I have a question, who's ready to stand up for Canada with me?" he says.

"And who's ready to build Canada strong?" he says, as people cheer him on. "Ok we've got that settled."

Image source, Reuters

We're just about to hear from Liberal Party leader and Prime Minister Mark Carney.

He will be addressing supporters from Ottawa.

You can follow along by pressing watch live above.

Nada Tawfik
Reporting from Conservative headquarters in Ottawa

The crowd is thinning here at the Conservative headquarters and even the food cart has been wheeled out.

Few are in the mood to speak, with many turning away from our cameras and declining to share their feelings.

But one 19 year old student, Cambria Foster, said she’s anxious about her future and the cost of living under a Liberal government.

One person putting on a brave face is Jordan Paquet, who works in political communications.

He says many conservative MPs have been elected and will be holding the Liberals to account, especially if it's a minority government.

Image source, Reuters

Poilievre tells supporters that he's heard from Canadians around the country who want to own a home, people who are suffering because of the shortfalls of the economy and Canadians who are "afraid to go outside" because of rising crime.

"These stories touched my heart," he says.

He tells the crowd he'll continue to fight for these Canadians and take their stories into parliament.

"We will not give up."

He addresses young people who cannot buy a home, those living in fear over crime, and those in fear of losing their jobs due to US tariffs, saying: "My message is one of hope. Change will take time, but we will fight for that change and we will deliver that change".

"Canada first, Canada always," he concludes.

Poilievre says he will work with the government as Canada "stare[s] down tariffs and other irresponsible threats from President Trump".

He says he will work with the prime minister to put the tariffs behind us and "while protecting our sovereignty and the Canadian people".

He says Conservatives brought in new voters, including young people and and new Canadians, adding "we gave a voice to countless people".

He says the party won the "big debates of our time" on carbon tax, inflation, housing and drug crisis.

Canadians have opted for a "razor-thin" government, Poilievre says.

He goes on to say that tonight's results are a "virtual tie".

The CBC, the public broadcaster, has not yet said whether Mark Carney - the leader of the Liberal Party - will form minority government.

Poilievre congratulates Carney and says while the pair disagree, he wants Canadians to come together to "hold the government to account".

Image source, Reuters

Poilievre continues in his concession speech by reflecting that his party "didn't quite get over the finish line" tonight, adding that "change is needed but its hard to come by".

"We have to learn the lessons of tonight so we can have an even better result the next time Canadians decide the future for the country," he says.

We're now hearing from Conservative Party leader Pierre Poilievre, who is speaking at his party's headquarters in Ottawa.

"It's with profound gratitude that I stand before you today at the moment of this historic election," Poilievre says, beginning his address to his supporters.

He thanks his wife, his family and Conservative party supporters, saying "it will be an honour to continue to fight for you and a champion of your cause as we go forward" - indicating that he will not step down after this election defeat.

You can follow his speech by pressing watch live above.

Lyse Doucet
Chief international correspondent reporting from Ottawa

Mark Carney presented himself as the leader Canada needed to deal with "the biggest crisis of our lifetimes."

Now he has to make good on that promise to take on President Trump’s swingeing tariffs and takeover threat.

All signs are that he will take his time.

“We don’t have to make a deal in the short term,” he said during his campaign.

This economist and former central banker is likely to wait and watch for any economic fragility in the US which could strengthen his hand in negotiations.

He’s also presented ambitious and detailed plans for almost every sector of a stagnant Canadian economy – together they will take more resources than he has, and a far more efficient bureaucracy than seen in previous Liberal governments.

To take on Trump, he needs a country which removes its own internal trade barriers, and solves some longstanding regional tensions. He may find that the crises a prime minister confronts are far tougher than a banker’s.

Jagmeet Singh just spoke to a crowd of supporters at the headquarters of the New Democratic Party (NDP).

He stepped down as leader of the NDP and conceded his riding in British Columbia.

The NDP is likely to have lost seats tonight, though it's unclear exactly how many.

Singh congratulate the Liberal Party and Prime Minister Carney on their victory.

He said Carney would "represent all Canadians and protect our country and its sovereignty from the threats of Donald Trump," as supporters applauded.

Singh said it was the "honour of my life" to serve as NDP leader.