Ottawa, April 29 -- The Liberal Party is projected to secure a fourth consecutive term in Canada's federal election, a rare achievement in the country's political history, CBC News reported.

While it remains uncertain whether the Liberals will form a minority or majority government, the projected victory is significant given the party's earlier struggles in opinion polls. A party must secure 172 seats to form a majority government, but initial results have not yet confirmed if the Liberals have crossed that threshold.

Canadian news outlet CTV News reported that Prime Minister Mark Carney and his Liberal Party are expected to retain power following the 45th federal election. Carney, who succeeded Justin Trudeau after an internal party re...