Canadian Conservatives Win Hefty Majority

Wanna bet their dollar bury's ours?

Canadian voters have delivered Conservative Leader Stephen Harper his first majority government after five years of governing in a minority situation, CBC News projects. Meanwhile NDP Leader Jack Layton was set to become Official Opposition leader.

The NDP, according to projections, made a major breakthrough and appeared to have nearly tripled their seat count, while the Liberals — often touted as Canada's "natural governing party" — were poised to suffer a stunning historic electoral loss and place third.

As of 10:49 p.m. EST, the Conservatives were elected or leading in 164 seats, followed by the NDP with 103, Liberals with 32 and the Bloc with four. A party needs to capture 155 seats to win a majority in the House of Commons.