Jan Denney, Manager of Advocacy, Canadian Credit Union Association
After a raucous 40-day campaign, the federal election results are in, and Canada has a minority Liberal government led by Prime Minister Justin Trudeau.
With 157 seats, the Liberals are just shy of the 170 seats needed for a majority. This is a relatively strong minority position, similar to the 2008 Conservative minority. Just as was the case then, a formal coalition with another party will not likely be needed. Rather, the Liberals will likely look for support from another party on a case-by-case basis to get legislation passed in the House of Commons.
The Conservatives made gains in both Western and Atlantic Canada, and with 121 seats, will remain a strong Official Opposition. Many have noted that they gained the highest popular vote, and indeed this marks the first time since 1979 where the party that won the popular vote did not form government. This was a result of their vote not being as efficient as the Liberals – they gained votes in areas and ridings they already held.
The remainder of opposition benches will be occupied by the resurgent Bloc Quebecois with 32 seats, the NDP with 24 seats, the Green Party with 3 seats, and Independent MP Jody Wilson-Raybould.
It is important to note that beyond the floor of the House of Commons, the Liberal Government will also have only a minority on all Parliamentary Committees as well, which will make advocacy at the committee stage of any legislation a very important process.
CCUA is pleased that members of the All-Party Credit Union Caucus generally fared well. A large majority were re-elected, including Chair Francesco Sorbara, and Vice-Chairs Dan Albas and Peter Julian. Unfortunately, several APCUC member were not returned to Ottawa, including: Sheri Benson, Sylvie Boucher, Guy Caron, Pierre Luc-Dusseault, and Wayne Stetski. We thank them all for their service and contributions to the credit union movement during their time in Parliament, and wish them the very best in their future endeavours.
CCUA is preparing a post-election toolkit for engagement and advocacy and will be sharing that with the system. We are also hosting a post-election analysis webinar on Monday November 4th, and encourage you all join to us. To register, click here.
Please contact Jay Denney if you have any questions or wish to discuss further.