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.

Image source, Reuters

The NDP's Jagmeet Singh says he will step down as party leader while addressing supporters.

"It's a disappointing night for New Democrats," a visibly emotional Singh says.

"We're only defeated when we stop fighting," he adds.

The NDP is currently leading or projected to win in a total of eight seats.

For context: Parties in Canada need 12 seats to officially quality for party status in the House of Commons.

Nadine Yousif
Reporting from Liberal headquarters in Ottawa

The Liberal Party headquarters has been filled with cheers and excitement after CBC projected leader Mark Carney will stay on as prime minister.

But it has been more than an hour now since that call, and it’s still not clear if that government will be a majority or a minority.

Ballots are still being counted and the Liberals are still ahead, but the Conservatives look like they could pick up more seats in vote-rich Ontario than expected.

Supporters here tell me they are still holding out hope that the Liberals will win the majority they wanted.

"I feel good with the numbers," says Liberal volunteer Jordan Vecchio. "Six months ago it wasn’t looking so good. The fact that we will form government tomorrow is a very nice thing."

Some, however, admit that a sense of disappointment is starting to seep in. Dale Morris, another volunteer, was hoping for a clear, majority win.

"A majority will help Carney take more decisive action against Donald Trump," Morris says, though she admits that she is not surprised at the gains the Conservatives have made. "They have been a strong force," she says.

Faisal Islam
Economics editor, reporting from Ottawa

Mark Carney asked for a strong mandate to deal with some of what we heard from Donald Trump, both in terms of threats to the Canadian economy and in terms of tariffs, which Trump has levied on Canada because of what he says is complicity in the fentanyl trade that originates in China.

But also because of threats against Canada's sovereignty, often delivered in a half-joking fashion about how this country, a sovereign nation, should become a 51st state of the US. Carney channelled that for his stump speech.

I was with Carney for the past 24 hours, and he spent a lot more time talking about Donald Trump than he did about the opposition leader, Pierre Poilievre.

We still don't know whether Carney has a majority. Right now, if you look at the projections, it is touch and go.

Image source, Getty Images

Green Party co-leader Jonathan Pedneault is projected to have lost in Montreal's Outremont riding.

CBC News has placed him fifth in the contest, behind winner Rachael Bendayan of the Liberal Party, the NDP's Ève Péclet, the Bloc Quebecois' Rémi Lebeuf and the Conservatives' Ronan Reich.

Another party leader in trouble is the NDP's Jagmeet Singh, whom CBC News places third in his riding at the moment.

We are still waiting for news from Conservative leader Pierre Poilievre's riding of Carleton, where there are a whopping 91 candidates on the ballot.

Image source, Getty Images

One of the top challenges for Canada’s next prime minister - which the CBC projects will be the Liberals' Mark Carney - is navigating the relationship with the US president.

So do we know who Donald Trump wants to win?

Trump hasn't said anything since CBC News projected a Liberal victory. But last month the president told Fox News: "I would rather deal with a Liberal than a Conservative" and "I think it’s easier to deal, actually, with a Liberal".

He went on to say he didn't really care who won.

Image source, Reuters

Mark Carney is projected to have solidified his position as prime minister tonight, with his Liberal Party expected to form Canada's next government.

He has been doing the job for less than two months, having taken over from Justin Trudeau when he stepped down in March.

A former Bank of England boss, Carney had never before held political office. But in opposition to US President Donald Trump's trade war, he used that to his advantage.

Carney promised to stand up to Trump. He would win the trade war, he said, and his biggest mission is keeping the Canadian economy afloat.

"I know these are dark days," Carney said. "Dark days brought on by a country we can no longer trust."

He campaigned on issues like environmental sustainability, taking a more moderate approach than Trudeau by scrapping a carbon tax during his first weeks in office.

Carney also said he would cap the size of the federal government, liberalise trade within Canada, and "secure our borders" - in line with one of Trump’s priorities.

Ana Faguy
Reporting from Toronto

We told you earlier about how Elections Canada - the website where election information and vote counts are posted online - went down while some Canadians were still voting.

Elections Canada tells the BBC that some visitors were "experiencing difficulties" accessing the website from 19:00 EDT (00:00 BST).

They said Elections Canada's website became accessible again from 21:15 EDT (02:15 BST), but the online Voter Information Service remained unavailable.

Elections Canada tells the BBC they are investigating the problem.

Snapshots from the Liberal headquarters

Image source, Reuters

Image source, Reuters

Image source, Reuters

Snapshots from the Conservative headquarters

Image source, Reuters

Image source, Reuters

Image source, Reuters