Ottawa: Canadian Prime Minister Mark Carney and US President Donald Trump have agreed to hold an in-person meeting in the near future, as confirmed in a readout released by the Canadian Prime Minister’s Office.

Carney held a phone call with Trump on Tuesday, a day after securing victory in Monday’s federal elections, which were marked by debates over trade tariffs and President Trump’s threats of annexation, according to a report from Xinhua news agency.

The statement highlighted that both leaders expressed the need for Canada and the United States to collaborate while maintaining their status as sovereign, independent nations.

Carney mentioned Canada-US relations several times during his victory speech, reminding Canadians of the challenges posed by ongoing hostilities with the US.

Earlier on Tuesday, Canada's Liberal Party under Prime Minister Mark Carney, after a closely-fought election with an unintended boost from US President Donald Trump, who helped unleash a wave of nationalism in a country known for its understated demeanour.

Conservative Party leader Pierre Poilievre conceded defeat and congratulated him early Tuesday morning, sealing his victory.

Declaring victory, Carney said, "We will build an independent future for our great country."

At 3 am (12:30 pm IST), with results still coming in, it was not clear if the Liberal Party would have a majority on its own.

The party had won 150 seats and was leading in 17, which together could add to 167 seats, six short of a majority in the 343-member House of Commons. It had 152 seats in the last parliament.

The Conservative Party had won 132 seats and was ahead in 13, for a total of 145 likely seats.

The National Democratic Party, led by Khalistan sympathiser Jagmeet Singh suffered a rout, winning five seats and leading in two, while Singh himself lost the election.

IANS