Federal Liberals' Fundraising Results Best In Ten Years
LONDON, Ont. - Federal Liberals posted their best fundraising haul in a decade last year, filling their party's war chest just in time for this year's election.
The final numbers for the fourth quarter of 2014 are to be filed with Elections Canada by the end of the month.
But party insiders say the Liberal take for the last three months of the year topped $5.6 million, bringing the total for the year close to $16 million.
That's likely not enough to beat the Conservatives, who are on track to exceed their 2013 fundraising haul of $18.1 million.
But it will take a big bite out of the Tories' fundraising advantage, which the governing party has enjoyed since 2006, when corporate and union donations were prohibited and severe restrictions on individual donations were imposed.
The Liberals, who had been heavily reliant on donations from corporations and wealthy individuals, struggled for years to raise money under the new regime. But they have been steadily closing the fundraising gap since Justin Trudeau took the party's helm 21 months ago.
Trudeau and his 34 MPs are to get an update on the party's fundraising efforts today during the first of a two-day caucus retreat to plot strategy for next week's resumption of Parliament and for the election, scheduled for October.
Under Trudeau, the Liberals are again holding winter retreats outside of Ottawa another sign that the party is flush with cash. And the fact they're meeting in the midst of Ontario's battered manufacturing heartland is no accident.
Liberals were shut out of southwestern Ontario entirely in 2011, when they were reduced to a third-party rump. But strategists believe the area is now a fertile staging ground for a national comeback.
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Federal Liberals' Fundraising Results Best In Ten Years