In addition to what gonzo mentioned, here is something else to consider:

There are only two significant political parties in the US. FPTP isn’t much of a big deal when it comes to a two-party system (since one party is guaranteed to win a 50+1 vote [50% plus one vote, for plural majority]), but you add a third or more, and suddenly you start realizing the flaws of such a system.

If three parties are split 33-33-34, the 34 wins 100% of the riding. This would be in spite of not having earned 66% of the vote. Imagine how much worse this becomes when you add a fourth party, or a fifth, etc. You might imagine, then, that people might start being angry at a democracy when ~80% of the electorate are angry at not voting for the winning candidate, which is entirely possible and has happened - if not in Canada, then at least famously in Britain in one of its ridings during the 2010s sometime there.

Thankfully, in one sense, you guys don’t have to deal with the majority of the electorate not electing the winning candidate. However, I don’t think that is outweighing all of the problems that the two-party system is leading to, to be quite fair…

2 Hot takes:

1. This is, what? The fourth election the Conservatives have lost in a row? The third since the Liberals first ran for retaining their position as the governing party, at the least. If they aren’t winning with moderate candidates, and they aren’t winning with reformist far-right candidates, how can the Conservatives justify to their own party that they can competently prove themselves to be a governing party when seemingly no leadership style is shaking the Liberals?

This is likely going to lead to the Conservatives splitting between the reformers and the moderates once more, as either is going to believe the other side is inhibiting their ability to lead a new government. Reformers will likely solidify everywhere between the East of the Rockies and West of Ontario (Eastern BC and all the Prairie Provinces, I’m thinking), while the Conservatives will have to once again fight for representation largely in Ontario and (maybe) the Atlantic Provinces.

It would be nice to see the Right-wing splitting their votes the same way the Left does for NDP and Liberals, if for no other reason than to help make Minority governments more prominent in Canada as a whole; however,

2. Doug Ford might genuinely abandon the Provincial government and use this as a chance to catapult his brand to the Federal level. He could also (maybe?) be the first politician to serve on a Municipal, Provincial and Federal level within a single career. As much of a shit-show as he is, he also undeniably can win seats in Ontario, most crucially in the Toronto area, and the Federal Conservatives really need someone who can do that.