Canada's Liberal Party, led by Prime Minister Mark Carney, is now on course to win the federal election and form the government for the fourth consecutive term, a rare event in the country's politics.

However, it is still not clear whether the Liberal Party will be successful in securing a majority of seats in the poll, media reports said.

In Canada, a party needs to get 172 seats to form a majority in the Parliament.

The Liberals are now ahead in 156 seats out of the 343 seats in the Parliament.

Canada witnessed a political change in leadership earlier this year when former PM Justin Trudeau resigned from the top position, paving the way for Carney to take charge of the country.

The key opposition Conservative Party, led by longtime parliamentarian Pierre Poilievre, was emerging as favourites to win the polls after Justin Trudeau stepped down, and is currently leading in 147 seats, clearly losing the chance to return to power.

Pierre Poilievre has conceded defeat.

The Bloc Quebecois, which only has candidates in Quebec, is ahead in 25 seats while The Greens are marching to win 2.

Stronger Canada, says Mark Carney

In his first X post since the polling closed, Mark Carney said: "The polls are now closed. For 37 days, in every corner of this country, our team worked to build a stronger Canada.   Thank you to everyone who put so much into this campaign."

Poilievre, meanwhile, said his party "didn't quite get over the finish line".

"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 was quoted as saying by BBC.

Jagmeet Singh's NDP fails

Jagmeet Singh, a Khalistani sympathiser, and his National Democratic failed to put up a strong show in the polls with his political outfit only managing to lead in 10 seats.

The NDP contested in all 343 seats.

Following the party's dismal show, Singh, who is believed to have a strong influence on Canadian politics, has stepped down as NDP leader.

Singh  lost his Burnaby Central seat in British Columbia to Liberal rival Wade Chang. While Singh received about 27 per cent of the votes, Chang secured more than 40 per cent of the votes, according to NDTV.

The NDP will lose its national status, since at least 12 seats are required to retain it.

"I know this night is disappointing for New Democrats. But we are only defeated when we believe those that tell us we can never dream of a better Canada," Singh, whose defeat is a blow to the Khalistan supporters in Canada, posted on X.

Trump Factor

The Liberal Party made a significant turnaround in the polls with its new leader Carney, who promised to counter US President Donald Trump's trade policies.

Carney promised to focus on domestic concerns, an issue that Trudeau was reportedly giving less focus to at the end of his rule.

Experts believe that Trump's annexation threats and trade policies played a major role when Canadians' voting this time in the general polls.

Trump’s actions infuriated Canadians and stoked a surge in nationalism that helped the Liberals flip the election narrative and win a fourth-straight term in power, reported Associated Press.