New Delhi, April 30 -- Election results in Canada mark a remarkable bounce-back for the Liberal Party, led by Prime Minister Mark Carney. Until a few months ago, it was seen to be headed for an electoral rout under Carney's predecessor Justin Trudeau.

Carney is a former central banker and he did well to distance himself from Trudeau's policies while also winning the electorate's confidence in his ability to do what's best for a country whose economy and autonomy are both under American threat.

The steely nerves that Carney has shown in the face of US pressure explain much of his appeal. He made it clear that Canada would not be the"51st state" of the US and could survive ruptured commercial ties. As someone well-versed with economics, h...