Party supporters ‘tapped out’ as post-election donation dip deepens with Grits and Tories deadlocked at $4M range in third quarter

Liberal strategist Dan Arnold says ‘money follows enthusiasm’ as waning donations contradict all parties' election-ready posturing.

Prime Minister Mark Carney, left, Conservative Leader Pierre Poilievre, Bloc Québécois Leader Yves-François Blanchet, top right, and interim NDP leader Don Davies. Despite quarterly fundraising falling to levels unseen since 2022, the Liberals’ and Conservatives’ three-quarter totals already represent historic records for their respective parties.The Hill Times photographs by Andrew Meade and illustrations by Joey Sabourin

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BY STUART BENSON

November 5, 2025

As the post-election fundraising slump deepened in the third quarter of 2025, with both the Liberals and Conservatives each raising just over $4-million overall—the weakest quarterly performance for either party since early 2022—strategists say the dollars are foll...

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