Mark Carney's Liberal government secured a parliamentary majority in April 2026 through by-elections and opposition defections, shifting from prior minority status and reducing pressure for an early dissolution. In Canada's parliamentary system, a majority of at least 172 seats in the 343-seat House of Commons allows the governing party to control the legislative agenda without relying on confidence-and-supply agreements. This development aligns with the low trader-implied probability of an election being called before the end of 2026, consistent with historical patterns where majority governments typically serve near the full four-year term until the fixed 2029 date. No scheduled confidence votes, leadership changes, or major legislative crises have emerged since the majority was achieved to alter this outlook.