内容摘要：This probably is the last big celebration where actual veterans who were there on the day will be present.

This probably is the last big celebration where actual veterans who were there on the day will be present.

Either way, the prime minister faces major challenges, including divisions in the country laid bare by the campaign.Here are five takeaways from an election which saw the Conservative opposition make major gains but still lose.

There is no doubt the US president's tariff threats and comments undermining Canada's sovereignty played an outsized role in this election, suddenly making leadership and the country's economic survival the defining issues of the campaign.Mark Carney used it to his advantage, running as much against Trump as he did against his main opposition rival, Conservative leader Pierre Poilievre.Carney warned Canada was at a crisis moment, saying frequently on the campaign trail

and in his victory speech - that Trump "wants to break us so America can own us".Poilievre brought Trump up much less frequently during the campaign, focusing his message on domestic issues - the cost of living, the housing affordability crisis, and crime - and targeting the Liberals for their record on those matters.

Carney - who has declared the old relationship with the US "over" - plans to start negotiations on a new economic and security relationship immediately following the election.

Kevin O'Leary, a Canadian businessman close to Trump who previously ran for the Conservative leadership, acknowledged it was a successful campaign strategy.The key diplomatic win here is that it leaves the UK open to do a full EU deal on, for example, food standards.

Economically this US deal is relatively small, although important to very specific sectors.It rolls back on some of the trade damage done by Trump's original announcement, in particular to the car industry. An insider told me the move from 27.5% to 10% would effectively save UK car exporters over £1bn from what was an "existential threat" to the industry.

While no longer existential, this remains painful. It is unclear how the quota will function, how it will account for foreign parts, for example, Chinese batteries, and is limited to 100,000 cars.much heralded new Jaguar was launched in the US with the hope of growing this number.