Bangladesh, April 29 -- Canadian voters have delivered a projected victory to the Liberal Party, led by former central banker Mark Carney, in a dramatic federal election shaped as much by domestic issues as by an increasingly hostile relationship with the United States under President Donald Trump. According to projections from the CBC Decision Desk and CTV News, the Liberals are on course to form their fourth consecutive government, though short of a clear majority.

The outcome marks a significant political comeback for a party that had appeared directionless after the resignation of longtime Prime Minister Justin Trudeau in January. Carney, a veteran of both the Bank of Canada and the Bank of England, assumed party leadership at a time...