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Australia is in a very different position to Canada geographically and strategically. Our politics can be almost as different as our climate.
Australia's major party primary vote has been declining for ages. In the most recent Canadian election the opposite happened and the major parties gained votes at the expense of the smaller parties. In Canada both the Libs and Conservatives increased their vote share. Lets repeat that, the Conservatives in Canada, despite existential threats from Trump to annex and bankrupt their country increased their votes while the mainstream conservative party in Australia declined in vote share despite Trump policies having less direct impact here than practically anywhere else. Carney limped home with minority government while Albo thumped the conservatives with a huge majority. We are not the same. Not even close.
In Australia Labor had a relatively modest increase while the Liberals lost a few percent. The Green vote barely changed but independents and smaller populist parties did ok including One Nation which had a modest increase in votes. Nothing like Canada.
I think the consensus from most domestic commentators is that the Liberals in Australia ran a poor campaign, their policies failed to impress swing voters in marginals struggling with cost of living and looking for an alternative and Labor campaigned better than expected.