Devilmaster, don't be quite so sanguine about your quick election results. The US has had many an election where the winner was projected afternoon of election day. No problem- except that people farther west lost their motivation to vote.
However: That works fine ONLY if the election isn't close. This year's US election was basically a tie. If you in Canada had the same situation you might well also have a mess, IMO. Until one gets to recounting, you really have no way of knowing how accurate the published results are. And may never know.