Election 44 appears to be a close battle at the national level, but how is it playing out in Canada’s three largest provinces compared to the past two elections?
British Columbia – All three major national parties are competitive in B.C., with any of three capable of gaining a plurality of seats. Right now, current aggregated polling results via CBC’s Polltracker website show the Liberals holding steady compared to 2019, the Conservatives down slightly, and the NDP up (at the expense of the Greens, it seems). The upshot is that, in terms of seats, the standings of Liberals relative to the Conservatives would not change much in this scenario. For a major shift, one of the three parties needs to break from the pack.
Quebec is complicated, as usual. The Bloc is down and the Liberals, despite declining slightly, are holding their ground. The NDP and Conservatives are up compared to 2019, but at those levels, does not equate into significant seat gains. Plus du même?
Ontario is where the action is. To their detriment, Andrew Scheer’s Conservatives could not make gains in 2019 in this vote-rich battleground. This time, the Erin O’Toole Conservatives are running neck and neck with the Liberals, despite an uptick in support for the Peoples Party. Last election, the Liberals won Ontario by 9% and took 79/121 seats, almost the same as their majority win in 2015 when they won 80/121. Clearly, the Conservatives must make major gains here in order to win a plurality of seats. Flipping 18 seats from red to blue, everything else being equal, would lead to a tie in seats nation-wide.
The numbers in these battlegrounds will shift and move yet again. To borrow a golf saying, we’re now at “moving day at the Masters” meaning this is the time where parties will make their defining moves, or fall back. The next few days, including the debates, will set up the final round of Election 44. Who’s tee shot is going to land in the rough, who is going to be chipping from the sand trap, and who is going to drain that 44 foot birdie putt to win it all? It looks like the most important golf will be played in Ontario.
The Top 2 parties routinely took three-quarters of the popular vote between them until Preston Manning and Lucien Bouchard came along and blew up Canada’s political landscape. It hasn’t been the same since.
Going back to John Diefenbaker’s win in 1957 through to Brian Mulroney’s win in 1988, the Progressive Conservatives and Liberals had a duopoly, averaging 77% between them in the elections over that time. Since 1993, the top 2 parties have averaged only 66% between them, with other parties taking a greater share of the popular vote. And sometimes, the Liberals and Conservatives weren’t even in the top 2.
In 1993, the Progressive Conservative Party, which had won back-to-back majorities, disintegrated due to the centrifugal forces of the failure of the Meech Lake Accord and the imposition of the GST, plus a bunch of other stuff. The day after the 1993 election, those wearing blue pyjamas woke up in cold sweats facing a Quebec separatist party as Official Opposition led by a former senior Minister in the Mulroney government, a western alienation party as the third party led by a prominent small c conservative, and, relegated to fourth place, the once mighty PC party reduced to two seats. A waking nightmare! I imagine there is a plaque at the Albany Club that refers to this dark day.
Since 1993, the Top 2 parties have only combined for over 70% of the votes only twice – both when majority governments were formed (Harper 2011, Trudeau 2015).
The chart below shows the combined popular vote of the top 2 parties since 1957. For the most part, the Liberals (red) and (pre 1993-Progressive) Conservatives (blue) have been the top two parties. In terms of popular vote, the Reform Party and Canadian Alliance (purple) were 2nd place finishers in 1993, 1997, and 2000 elections. Jack Layton’s NDP (orange) finished second in 2011, the only time in 21 elections the Liberals were not in the Top 2.
The black line shows the margin of victory (popular vote) between the 1st and 2nd place parties. In two instances, the winning party, that went on to govern, had fewer votes than the 2nd place party. In 1979, Joe Clark’s PC’s won more seats but trailed the Liberals by over 4% in the popular vote. In 2019, Andrew Scheer’s Conservatives won the popular vote by about 1% but Justin Trudeau’s Liberals had more seats. Polling as of August 24th is shown, accounting for a combined 64% between the top 2 parties.
What the black line does show is that majorities happen when there is a significant margin between the top 2 parties. In the 1990s, when the Top 2 parties had less share of the vote, Jean Chrétien’s Liberals were walloping the split conservative factions, divided between Reform/Alliance and the PCs. Chrétien’s margin of victory was between 15% to 23% over those three elections. The right wingers got the ol’ Shawinigan handshake in those days.
It’s tightened up since then due to the Conservative merger leading into the 2004 election. Harper and Trudeau won majorities with 9% and 8% margins of victory respectively. In fact, since Diefenbaker, no party has won a majority with less than a 7.7% margin of victory. (Harper missed a majority in 2008 despite winning the popular vote by 11% – no matter how many votes you get in Alberta, you can only win a riding once per election)
It doesn’t mean that a majority can’t be won with a margin lower than 7%. Last election, the Trudeau Liberals were only 13 seats shy of a majority despite losing the popular vote. They had very efficient vote distribution. With votes in the right places, they could win a majority with less than a 5% margin over the Conservatives – and they would be making history if they did so. Right now, the public polls indicate the gap has tightened between the two parties in the first week of the campaign so if either party is going to take a majority, they have work to do.
It’s tough enough for any party to get to 40% these days, making the 50%+ wins of Diefenbaker in 1957 and Mulroney in 1984 ever more impressive. Both Progressive Conservatives, go figure.
The growing share of other parties since 1993 also makes it tougher to win a majority. The NDP, the Greens, and, most notably, the Bloc are taking seats off the table from the Top 2 parties. It was easy for Chrétien when he could dominate a split opposition just as it was easy for Harper in 2011 when he the centre-left was split. In the context of a competitive two-way race, with lots of other parties cluttering the landscape, it will take a combination of overall popular vote strength and efficiency, meaning winning more seats by a little versus winning fewer seats by a lot.
At the end of the day, we count seats not votes in Parliament. But the history of popular vote signals what it takes to win in the fragmented post-1993 era.
When it comes to winning a majority government, what does it take in terms of popular vote? While its the number of seats, and not the number of votes, that truly matters, popular vote is a guide as to the likelihood of whether the leading party forms a minority or majority government.
In the past 65 years, the magic number has been a minimum of 38.5% for a majority and a minimum of 33.1% (the Liberal 2019 result) for a plurality of the seats, which historically leads to a minority government. The highest popular vote that did not translate into a majority was 41.5% (Pearson, 1963), therefore, the modern-day range has been 38.5% to qualify for a majority and over 41.5% to most likely be free and clear of a minority.
In fact, the 2019 election was the first time the governing party was elected with less than 34% of the popular vote. Justin Trudeau’s 33.1% was the new low, falling beneath John A. Macdonald’s 34.8% from Canada’s first post-Confederation election in 1867.
In 2019, the relative standings of the major parties were fairly consistent except for a latter-campaign uptick for the NDP. No major reversals of fortune took place with no party able to pull away to gain a majority.
It was a different story in 2015. The Liberals eclipsed the NDP mid-campaign, won the ‘Stop Harper primary’, and gained separation over a static Conservative voter base. (In 2011, Jack Layton’s NDP eclipsed Michael Ignatieff’s Liberals during the writ period).
There are different pathways to a majority as parties cobble together seats across the provinces. For the Liberals, a assuming they are BLOCked from major gains in Quebec, it’s getting more out the regions outside of Ontario. For the Conservatives, it’s doing better, much better, in Ontario – in 2011, Stephen Harper won 69% of Ontario’s seats, but in 2019, Andrew Scheer only took 30% of the seats there. For both the reds and the blues, the competitive British Columbia battleground can add the mustard to the winning hot dog.
Momentum shifts can take place, sometimes imperceptibly. The public pollsters are telling us, in Election 2021, that no party has demonstrated it’s in ‘majority territory’. In this day and age, with the Bloc taking a good share of votes in Quebec, and the Greens and PPC carving upwards of 10% of the vote, a majority may not require 38.5%, but until a party climbs above 36-37%, it’s most likely that a minority government, in some form, will be the likely outcome.
Justin Trudeau’s Liberals won a plurality of seats with an even lower popular vote than 2019, dropping from 33.1% to 32.6%., thus it was the first time a government had been elected with less than 33% of the popular vote. Erin O’Toole’s Conservatives had a higher popular vote with 33.7%, though it was lower than Andrew Scheer’s level in 2019. The Liberals obviously had a more efficient vote, winning more seats by a slimmer margin, while the Conservatives won many seats by a large margin (e.g., Alberta and Saskatchewan).
Prime Minister Justin Trudeau appears poised to call an election for September 20th with the hopes of attaining a majority of the seats. The Liberals won 157 seats in 2019, falling 13 short of a majority. Losing six seats in BC certainly didn’t help.
The Liberals enter this election with 11 seats in BC.
Party – BC standings
In 2019, there were 32 seats in BC that stayed the course and 10 seats that switched hands, mostly at the expense of the Liberals.
Liberal – floor crossing to independent
Steveston – Richmond East
Pitt Meadows – Maple Ridge
Cloverdale – Langley City
Mission – Matsqui – Fraser Canyon
Kelowna – Lake Country
South Surrey – White Rock
Conservative – Liberal (by-election)
Nanaimo – Ladysmith
NDP – Green (by-election)
Port Moody – Coquitlam
Kootenay – Columbia
*The Liberals had 17 seats heading into the 2019 election, with the election of Gordie Hogg in the South Surrey-White Rock by-election offsetting the loss of Jody Wilson-Raybould who was sitting as an Independent at dissolution. Paul Manly of the Green Party won a 2019 by-election in Nanaimo-Ladysmith, filling the seat vacated by NDP MP Sheila Malcolmson.
The Conservatives gained eight seats in the 2019 election (winning back one that they lost in a by-election), though Conservative governments have typically relied on winning a majority of seats in BC, or close to it. In Stephen Harper’s 2011 election victory, the Conservatives won 21 of 36 BC seats.
Given the amount of dancing and celebrating on Election Night, the NDP campaign was seen as a ‘success’ in 2019 despite losing seats nation-wide and in BC. Blessed by low expectations, they ended up salvaging 11 of 13 held seats in BC, but failed to win back Nanaimo-Ladysmith which they lost in a by-election. The Greens doubled their seat count, while Jody Wilson-Raybould defended her seat as an independent.
What’s ahead in the 2021 election?
The Liberals have been leading in BC according to various pollsters. Pre-writ polls are an unreliable indicator of future events, since most voters won’t tune-in until the writ period. But going with the prevailing trend right now, the Liberals look poised to retain and add seats, the NDP are competitive and in a position to add seats, and the Conservatives’ biggest battle will be in seat retention. Again, things can change. “Campaigns matter”, scream political strategists everywhere.
As of Friday, August 13th, the CBC poll tracker has the popular vote in BC at an aggregated 34% Liberal, 29% NDP, and 26% Conservative. This is basically a return to 2015 popular vote numbers in BC for the Liberals, when they had a plurality of the seats. The Conservatives are going in the wrong direction. The NDP look stronger compared to 2015 and 2019, while the Greens appear to be struggling compared to the last election.
What’s striking about the table below is how fast things change. Stephen Harper’s Conservatives had a massive win in 2011, along with a strong popular vote result from Jack Layton’s NDP. The dramatic resurgence of the Liberals in 2015 reshaped the landscape into a 3-way BC battle, which is where we are at today.
Party – Popular vote (BC)
A rough application of current aggregated poll results to seats would see the Liberals win about 19 seats, the Conservatives cut down to 9, the NDP up to 13, and the Greens down to 1.
The campaign hasn’t even started yet, so you can consider those projections as written in sidewalk chalk during a rainstorm.
But where is the battleground right now? Largely in those seats listed above – the ones that changed hands between 2015 and 2019. Given the Liberals’ current strength, this is where they would likely win next. The NDP would see opportunities to win Conservative seats and edge out both parties in tight 3-way races.
Liberal Targets (previously held)
Liberal Targets (not held 2015-2019)
South Surrey-White Rock
Pitt Meadows-Maple Ridge
The previously-held targets are fairly straight-forward. They won there recently and, with Conservative weakness, can likely win there again or come close. In the other targets, the Liberals almost won Port Moody-Coquitlam in 2019 and presents itself as a juicy target. The rest of the list are outliers. Richmond-Centre has held firm behind Alice Wong, but this could be the time the Liberals win back the seat held by Raymond Chan for several terms? Langley-Aldergrove, by virtue of being a suburban riding in Metro Vancouver, could be in play (the BC NDP won there last year). It is hard to envision the NDP losing a seat to the Liberals on Vancouver Island – it would require Green voters to defect to the Liberals. Unlikely, but Victoria may be the Liberals best shot on the Island (some wags may argue Esquimalt-Saanich-Sooke). Kamloops was close in 2015 and would require Conservative collapse of sorts. The inimitable Terry Lake learned the hard way in 2019. Right now, I would expect the Liberals would view 17 seats in BC as a minimum target with stretch goal of 19-20.
NDP Targets (previously held)
NDP Targets (not held 2015-)
Pitt Meadows-Maple Ridge
Burnaby North – Seymour
The NDP are likely circling Nanaimo-Ladysmith like a Stanley Park coyote, looking to take a bite out of the Green Caucus. With Greens in disarray, MP Paul Manly may need to win as a virtual Independent. Port Moody-Coquitlam was held by Fin Donnelly and was a near-miss in 2019. The belt of ridings on the north side of the Fraser River from Coquitlam out to Mission and up the Canyon have elected many NDP representatives over the years and could be fertile ground if the NDP moves up the ladder. Burnaby North-Seymour seems like a reasonably safe Liberal seat, but the last election saw the mid-campaign firing of the Conservative candidate. Now that is reset, and the NDP candidate is a known quantity on the North Shore, it might intrigue orange strategists. Another outlier could be Vancouver-Granville where the NDP would expect to run second and could contend with a strong candidate and JWR dynamics. NDPers may argue that Cloverdale-Langley City could follow the pattern of the BC election where NDP MLAs were elected in hitherto safe ‘free enterprise’ seats. My take is that the federal Liberals will be the non-Conservative contender.
The Conservatives, until they right the ship, will be thinking retention. Of course, in order to win the election, they need to do a lot better than that. A lot can happen in 35 days and recent history proves that. Where would the Conservatives win next, beyond their current seats, if the winds of change blow in their direction?
South Okanagan – West Kootenay: NDP edged the Conservatives by 3% in 2019
North Island – Powell River: this is one riding with an issue that favours the Conservatives – salmon farming. Conservatives offer a clear alternative to NDP and Liberals. NDP edged CPC by 5% in 2019.
In the Lower Mainland, the Conservatives have retreated from the City and have done poorly in the suburbs in successive elections. Targets to reclaim would be:
Coquitlam-Port Coquitlam: former stomping grounds of James Moore
Fleetwood-Port Kells: narrow loss to the Liberals in 2019
West Vancouver-Sunshine Coast-Sea to Sky: with Avi Lewis as NDP candidate, a usually strong Green effort, and Liberal who won with 35% last time, Conservatives could fantasize about ‘coming up the middle’. Former CPC MP is running again.
Vancouver South: Liberals won by only 8% in 2019. Conservaitives would need to do well in Chinese community.
As for the cuddly Greens, they don’t look as cuddly this time with their dirty laundry strewn about. Elizabeth May appears to be electable in her own right and not requiring brand support. Paul Manly, as noted above, will be in for a tougher time. While they have contended on the South Island in the past, it doesn’t look like fortunes favours them this time.
That’s what the battleground looks like to me … today. Prove me wrong in the comments as you wish.
The floor crossing of Jenica Atwin from the Green Party of Canada to Justin Trudeau’s Liberals is noteworthy in one respect – it’s the first time a federal Green MP has crossed the floor to another party. It completes a ‘trade’ that happened 13 years ago when erstwhile Liberal MP Blair Wilson from British Columbia crossed to the Greens to become its first MP in Parliament. Atwin becomes the latest in a long line of Canadian politicians who have crossed the floor to sit with a different political party than the one they shared a ballot with in the previous election.
Not so long ago, a Liberal went Conservative. I had never heard of Leona Alleslev, the Member of Parliament for Aurora-Oak Ridges-Richmond Hill, before she switched from red to blue.
Most of the time, the end is nigh for that politician. Some are pushed by desperation. Some are motivated by pique. Others for genuine policy and ideological reasons. Some are able to make the change stick, as Alleslev did in the 2019 election when she was re-elected as a Conservative.
Floor crossing is older than Canada itself. Wikipedia informs us that, in 1866, an anti-Confederate politician in New Brunswick switched sides when he did not receive a desired cabinet post. We could go back to WWI when many Liberal MPs left Wilfrid Laurier and joined with the Unionist government under Robert Borden. Or to 1935 when British Columbia’s H.H. Stevens bolted the Conservative barn to form the Reconstructionist Party.
At times, a floor crossing can signal a sea change in politics. Réne Lévesque leaving the Quebec Liberal Party in the 1960s to form the Parti Québécois is one of the most momentous moves in Canadian political history. It led to the election of the first Péquiste government in 1976 and a referendum on sovereignty-association in 1980. Watch the documentary Champions to see Lévesque’s impact and his enduring rivalry with Pierre Trudeau.
In 1990, Lucien Bouchard spectacularly left the Mulroney government after the collapse of the Meech Lake accord, forming the Bloc Québécois and taking other Quebec PC and Liberal MPs with him, including Liberal MP Jean Lapierre. Bouchard led the Oui forces to the brink of victory in 1995, and shortly thereafter became Premier of Quebec.
The 1993 election saw the collapse of the Progressive Conservatives to two seats with Preston Manning’s Reform Party dominating Western Canada. After Jean Chrétien continually swept up in Ontario, PC Senator Gerry St. Germain was one of the first to attempt to unify the Conservative parties and changed his allegiance in the Senate from PC to become the first Canadian Alliance senator in 2000. Later, eleven Canadian Alliance MPs left caucus to sit as the “DRC” – Democratic Representative Caucus when they couldn’t get along with Alliance leader Stockwell Day, and included some political heavyweights like the first Reform MP ever elected, Deb Grey. The DRCs would morph into a coalition with Joe Clark’s (second-coming) PC caucus: the PC-DRC. Ultimately, most everyone got back together under the leadership of Stephen Harper after new PC leader Peter Mackay agreed to merge the PCs with Stephen Harper’s Alliance. Harper became the leader of the new Conservative Party and held Paul Martin to a minority in 2004 before winning his own minority in 2006. (Joe didn’t cross, he stayed PC until the end). The key point is that floor crossing influenced the course of events between 2000 and 2004.
In 2018, we saw Maxime Bernier jump out of Air Scheer without a parachute. It caused a rearguard action that hampered Scheer’s Conservatives as they readied themselves to fight the Liberals in the 2019 election. For Bernier, the impact of this Xtreme floor crossing was the sound of hitting political ground zero with an ear-splitting splat.
Some floor crossings reflect the ebb and flow of political tides. Scott Brison was elected as a Progressive Conservative, but left when that party merged with the Alliance to form the modern-day Conservative Party. Brison became a senior Liberal cabinet minister. One can argue that he represented a shift in Canadian politics where some Progressive Conservatives migrated to the Liberals. Many politicians, like Bob Rae and Ujjal Dosanjh, sat for one party, then came back to run for another party later, reflecting how they had migrated through the political spectrum.
Provincially, MLAs in both the Saskatchewan PCs and Liberals crossed the floor to the new Saskatchewan Party in 1997, which has governed the province since 2007. The PCs were extinguished and the Liberals are in the wilderness.
In 2002, Yukon NDP MLA Dennis Fentie left his party to join the Yukon Party. A month later he was leader and later that year he became Premier, serving until 2011.
The leader of the New Brunswick NDP from 2011-2017, Dominic Cardy, found himself as a New Brunswick PC MLA in the government of Blaine Higgs. In fact, he’s now the Minister of Education and Early Childhood Development and has been heralded for his role in advocating for a strong early response to COVID-19. In Cardy’s case, he didn’t “cross the floor” but nonetheless a rare sighting of a political leader switching sides and his experience going from the political hinterland to inner sanctum likely not lost on Jenica Atwin.
A candidate for the Liberal leadership in Newfoundland famously switched sides afterward. John Crosbie was a Minister of Finance under longtime Premier Joey Smallwood. Crosbie, and other younger Liberal MLAs, like Clyde Wells, chafed under Smallwood’s leadership and left Caucus, sitting as ‘Reform Liberals’. When Smallwood announced his retirement, Crosbie stepped up to run as Liberal leader. Smallwood came back to oppose him and won. Crosbie then left the Liberals to run as a Progressive Conservative, winning, and sitting in the new government of Frank Moores. He would go on to be elected federally in 1976, serve as Joe Clark’s Finance Minister, become a major contender for the 1983 PC national leadership, serve as a heavyweight in Brian Mulroney’s cabinet, and serve as Newfoundland’s Lieutenant-Governor. Quite a career for a party switcher! Clyde Wells stuck with the Liberals and would serve as Premier, famously scuttling the Meech Lake Accord promoted by his old caucus ally, Crosbie.
BC has had three significant floor-crossings that led to a restructuring of political support bases. Leading up to the 1952 election, Conservative MLA WAC Bennett left that party and migrated toward to the Social Credit Party. The leaderless party won the plurality of seats in 1952 and Bennett became its leader (and, ultimately, Premier) after the election. Bennett governed for 20 years.
Then, following his defeat in 1972, his son Bill Bennett, the new leader, recruited former Liberal leader and MLA Dr. Pat McGeer, Allan Williams, and Garde Gardom to join the Socreds, along with PC MLA Hugh Curtis. All four floor crossers would play major roles in Bennett’s government, which lasted 11 years. He also attracted former Liberal leadership candidate Bill VanderZalm to run as a Socred in 1975 too. Then, in the 1990s, there was a two-step process. First, four Social Credit MLAs left the former dynasty in ruins when they turned away from the fledgling BC Liberals under Gordon Campbell, to join the BC Reform Party in 1994. Their defection ultimately benefited the ruling NDP – Glen Clark would win a majority in 1996 while losing the popular vote. Campbell corralled the Reformers after 1996 and remaining Reform MLA Richard Neufeld crossed the floor to the BC Liberals, marking the formalization of a de facto coalition. Neufeld served as BC Liberal minister for seven years and the BC Liberals governed continuously for 16 years.
(A footnote to the 1975 example above is that Frank Calder, British Columbia’s first First Nations parliamentarian, lost his NDP nomination in the riding of Atlin leading up to the 1975 election. Having been first elected in 1949, Calder brought his winning ways to the Socreds and was elected yet again. Four years later, he lost by one vote to the NDP’s ‘Landslide’ Al Passarell. Passarell would later cross the floor from the NDP to the Socreds).
Some floor crossings backfire spectacularly. Arguably, the WildRose defections to the ruling PC’s under Jim Prentice destroyed the political careers of those MLAs, like former leader Danielle Smith, and boomeranged disastrously on the Prentice government. It looked too cute, too orchestrated – the overdog overdoing it. Belinda Stronach’s floor crossing to the Liberals in 2005 helped save the minority Martin government for a time, but arguably galvanized Stephen Harper’s Conservatives in the forthcoming election in 2006.
Some leave and come home again. The most famous example is Winston Churchill going Conservative-Liberal-Conservative. The aforementioned Jean Lapierre left the Liberals to join the Bloc Quebecois upon the election of Jean Chretien as Liberal leader. He returned to the Liberals under Paul Martin and was a senior cabinet minister in his government. Then there’s Joe Peschisolido who was a leading Young Liberal who drifted right and was elected as an Alliance MP then crossed the floor to the Liberals. After a stint out of politics, he was elected again as a Liberal MP in 2015 before his defeat in 2019. Gordon Wilson was Liberal leader in BC from 1987 to 1993. He left, with fellow MLA and wife Judi Tyabji, to form his own party, the PDA, and won his seat again in 1996 under that banner. He was recruited by NDP Premier Glen Clark to join the NDP cabinet in the late 1990s and then ran for the leadership of the NDP, unsuccessfully. Since 2001, he has been out of elected politics, but he did go ‘home’ again in 2013 when he made an intervention in that year’s election campaign in favour of BC Liberal Premier Christy Clark (who once worked for him) and against NDP Leader Adrian Dix (who once recruited him). Never dull in BC.
Some floor crossings weren’t meant to be. BC Liberal MLA John van Dongen left the BC Liberals over unresolvable disagreements. He joined the BC Conservatives, but within months, left them over unresolvable disagreements. Conservative MP Eve Adams defection to the Liberals on the eve of the 2015 election reeked of desperation. Her career was soon over, at least for now. A husband and wife both crossed the floor from the New Brunswick PCs to the Liberals in 2007, but by 2010 they were both out of politics. As noted above, one-term West Vancouver-Sunshine Coast-Sea to Sky Country Liberal MP Blair Wilson got into some hot water and would eventually leave the Liberal Caucus to sit as an independent. Just before the 2008 election, he migrated to the Greens to become their first ever MP in Canada. He failed in his bid for re-election, as a Green.
Some cross and never look back, like Scott Brison and John Crosbie. Dr. Keith Martin was elected as a Reformer in 1993 and ran for the leadership of the Canadian Alliance. He crossed the floor to the Liberals in 2004 and served as a Liberal until 2011. David Kilgour was a longtime Progressive Conservative MP. Even though John Turner was his brother-in-law, he stayed as a PC, but after Turner left, Kilgour crossed to the Liberals and continued from there.
Some floor-crossers are peripatetic. Paul Hellyer was elected as a Liberal MP in 1949 and went on to be Minister of National Defence under Lester Pearson and a major contender for the leadership of the Liberals in 1968, placing second on the first ballot. He fell out with Pierre Trudeau the following year and tried to form his own party. He then crossed the floor to the PCs and in 1976, he ran for the leadership of that party. He would return to the Liberals in 1982 and ran unsuccessfully for a nomination in his old seat in 1988. He then formed another party, the Canada Action Party, and would try to merge it with the NDP. At the age of 97, he may have another run in him, but for which party? (fun fact: he’s the longest serving member of the Privy Council)
There’s also the interesting case of Garth Turner. Elected as a Progressive Conservative MP in 1988 and ran for the leadership of the party in 1993. He lost his seat and returned as a Conservative MP in 2006. He defeated Liberal Gary Carr who had himself changed parties having been elected originally as a provincial Tory. Turner then fell afoul of the Conservatives, went independent, flirted with the Greens, and finally joined Stephane Dion’s Liberals before Lisa Raitt ended his political career in 2008.
Countless others have gone to sit as independents only to return later. Some are sent because they were naughty, others leave because they’re mad but come back once they’re happy. BC MLA Blair Lekstrom left caucus over the handling of the HST but came back after a leadership change. MLAs and MPs who never leave, and feel that they are team players, can often be annoyed and upset when those that leave are welcomed back. If handled properly, it can be seen as beneficial to the greater good that they return. Alternatively, it can be seen as rewarding bad behaviour.
Surrey MP Chuck Cadman was elected as a Reform MP and carried on as an Alliance MP, but prior to the 2004 election, he lost his nomination. He ran as an independent and won. In 2005, battling cancer, he was pivotal in keeping Paul Martin’s minority government in power during critical votes, against the wishes of his former colleagues. Liberal MP John Nunziata was bounced from the Liberal fold in 1996 after voting against Paul Martin’s budget. He showed them – he won re-election as an independent in 1997. They showed him – he lost to the Liberals in 2000. Gilles Bernier was a Progressive Conservative MP elected in the 1984 Mulroney sweep, but in 1993, the Rt. Hon. Kim Campbell would not approve his candidacy due to fraud charges (he was later acquitted). Bernier ran as an independent and won his seat. He was appointed Ambassador of Haiti by Prime Minister Chrétien. He managed to miss the 1993 PC wipeout and appointed ambassador. The benefits of going against the grain may have inspired his son, Maxime.
There’s Bill Casey who was elected three times a PC, and twice a Conservative before announcing he would not support the Harper government’s budget. He was bounced and ran as an Independent, winning 69% of the vote in 2008. A clear case of constituents agreeing with his reasons for opposing his party. He would resign his seat later, before returning in 2015 as a Liberal MP – making it four different ways he had been elected – PC, Conservative, Independent, and Liberal.
And, of course, there is Jody Wilson-Raybould. Considered a ‘star candidate’ in the 2015 campaign, and made Minister of Justice, JWR’s shocking confrontation with her then-colleagues over SNC Lavalin gripped Ottawa for months in early 2019, culminating in her departure from the Liberal Caucus. She won re-election as an Independent and appears intent to seek re-election on that basis.
Another ‘star candidate’ from BC, David Emerson, shockingly defected to the Conservatives days after the 2006 federal election effectively marking the end of his career in electoral politics. The ink was barely dry on the ballots when he reversed course, causing much consternation among his former Liberal supporters. But it provided Stephen Harper with experience and depth in cabinet for two years and demoralized the Liberals, who sat out of power for nine years. Emerson, like JWR, did not have any roots in the Liberal Party. It is with some peril that political managers recruit candidates from outside the party – those candidates do not ‘owe’ anyone and tend to be untethered to party loyalties. In JWR’s case, the reasons for her leaving the Liberals were front page news for months. It was not unexpected that there would be a break-up (in fact, she was bounced from the Caucus). Emerson, on the other hand, gave no hint he was leaving. He was approached, he agreed. The voters that elected him, and party members that supported him, were caught unaware. There is the old argument – “I can get more done in government than Opposition”, which is a reason provided by Jenica Atwin.
Alberta PC MP Jack Horner crossed over to Pierre Trudeau’s Liberals in 1977, joining the Trudeau cabinet. There has rarely been a good time to be a federal Liberal in Alberta and this wasn’t one of them. His constituents did not reward him for his efforts in the subsequent election. Following the Atwin switch, I talked to a grizzled old Prairie Liberal who was shuddering with Jack Horner flashbacks. The ‘betrayal’ of constituents by Horner was not unlike that felt by Emerson’s constituents in Vancouver-Kingsway. Around the time Horner ran into the arms of Pierre Trudeau, Winnipeg’s James Richardson, a member of PET’s cabinet, left the Liberal Caucus never to return, sitting as an independent. He tried to set up his own party then eventually helped found the Reform Party of Canada after he left elected life. My sources tell me his crossing was notable in that he told the Clerk, “I’m sitting over there from now on”. And off he went.
Many, many, many more floor crossings happen in the imaginations of political back roomers. There is always the threat of a disgruntled MLA or MP taking off. Most of the time, that representative is governed by some restraint. The voters elected him or her largely on the basis of their party label. Imagine you worked hard in support of your party only to find that the recipient of your hard work crossed no-man’s land to sit in enemy trenches? Many would-be floor-crossers have surely taken a step back when realizing they would have to explain their actions to the volunteers who backed them.
To be accepted by the voters, the conflict usually has to be real and substantive and/or that representative must have a lot of personal credibility. If it’s opportunistic, and imposed from the top, it’s not likely to go down well with the voters or the supporters of the sending and receiving party. Not many like a turncoat, especially when they weren’t part of the process.
What floor crossings can demonstrate is the dynamic state of our political system. In the ‘first past the post system’, parties are always in a state of constant movement. Parties continually search for a plurality of votes and seats, and attracting someone who represents a set of ideas or representative of a community of interest is a way to grow a party’s base. A floor crossing can give a tiny party a foothold in Parliament. Parties that fail to unify their members behind a common purpose can disintegrate, with floor crossings one such manifestation. Unlike the United States, Canadian parties can rise and fall (and rise again). There is much more fluidity. Real policy differences – such as Quebec independence – can lead to dramatic changes and fracture coalitions. Strong leadership glues coalitions together, unifying disparate elements. When it comes down to it, elected representatives are just people, unbound to their party label. They have the ability to exercise their free will.
As University of Manitoba Political Science professor Royce Koop puts it, “When an MP crosses the floor, it’s a beautiful reminder that in Canada we cast our votes for candidates, not parties”.
1/ It’s Election Day in the UK. The culmination of a fascinating period of political upheaval with two leaders – Boris and Jeremy Corbyn – that could not be more different than David Cameron and Tony Blair. They eschew modernity for a new polarizing populism, chucking the old rules into the cut. This is not the hopeful UK of Love Actually, the stoicism of Dunkirk, or the dash of 007. This election is a Peaky Blinders smash and grab.
2/ Boris has remade the UK Tories. This guy. An excellent writer with sense of humour, he was bedevilled by personal scandal as MP. And lying. Pulls off election as London mayor in a Labour city. Shores up David Cameron’s campaign in 2015 that led to surprise majority. At last-minute, joins Leave campaign and, unquestionably, made the difference. No Boris, no Brexit. His partnership with Michael Gove trumped Remain establishment.
3/ Instantly, David Cameron resigns from office. A leadership campaign kicks off (the Brits don’t mess around). Boris is not ready and stumbles. At deadline for filing, Michael Gove (Judas) wields the knife against Boris by jumping in race suddenly. Boris is shocked out of the race he was supposed to win. Theresa May emerges as safe alternative to stabilize divided Tory party. Gove loses and is sent to purgatory, Boris to Foreign Office. May starts strong with positioning that foreshadows a shakeup of Tory base. https://www.gov.uk/government/speeches/statement-from-the-new-prime-minister-theresa-may
4/ May moves to an election within the year, with a huge lead in the polls. I mean, she’s going to clean up against Labour’s Jeremy Corbyn (more on him shortly). Her campaign is a disaster. Textbook case of fuzzy strategy and failure to execute. She falls short of majority by 5 seats. Worse yet, she is already a dead duck. Hobbled by blown opportunity, May attempts to finesse her Brexit deal through Parliament and fails again, again, and again.
5/ Meanwhile, Boris flew the coop to sit as backbench MP. He wants no part of wearing May’s deal. But Gove was resuscitated to serve in Cabinet (he is a clever boy) to try to rally Brexiteers. Out in the countryside, former UKIP leader Nigel Farage (leader most likely to enjoy having a pint with) starts Brexit Party and is inhabiting the Tory electoral base like necrotizing fasciitis.
6/ Finally, Jeremy Corbyn. In 2015… hold it… need to go back more… in 2010, the Tories had a plurality of seats under David Cameron but far short of majority. Labour PM Gordon Brown (UK’s Paul Martin) tried to extend Labour to a fourth term and failed. The Lib-Dems negotiated a true coalition government with the Tories with leader Nick Clegg serving as Deputy PM for five years.
7/ Labour has a leadership vote. Unlike Tories, this is membership-based vote. Labour is divided into Blairites and Brownites. Blairite David Miliband, a former Foreign Minister, is seen as frontrunner. His younger BROTHER Ed, a Brownite, challenges him. Political fratricide. Ed wins! Based on support from lefties and union supporters. It’s a bit of a mess, especially at Christmas dinner in the Miliband household. Ed is not really up to it but he is competitive in the polls. The 2015 election is going to be a horse race!
8/ David Cameron, and his advisor Sir Lynton Crosby, with Boris’s help, surgically detach Lib-Dem voters. You see, Scotland was feeling quite uppity at the time and Middle England did not see Red Ed as strong enough to preserve the union. Cameron shocks by winning a majority. Five more years! Just have to deal with this election promise to hold a Brexit referendum then it’s onwards and upwards. (Of course, he loses referendum, resigns immediately, and squanders the 2015 majority).
9/ Ed is toast. He didn’t even have time to change his underwear before resigning. Again, the Brits don’t mess around. There’s a leadership contest and many Labour MPs jump in. While the members vote, candidates must have papers signed by at least 40 or 50 MPs in order to qualify. Jeremy Corbyn is running around getting signatures at last minute. People sign because they feel sorry for him. He has no chance of winning!
10/ Here’s the thing about political parties. They are vulnerable to takeovers. Few people actually belong to parties. An emerging group, Momentum, decides to take the piss out of the Labour establishment by backing Corbyn. Corbyn represents what is on the minds of disillusioned activists. Blair brought them the Gulf War and ‘New Labour’ that looked like moderate Toryism to many. Gordon Brown hated Tony Blair but he was very much associated with that agenda. Ed was transitional and not strong. Here comes ‘Jezza’ who voices the frustration and it catches fire.
14/ Theresa May is, like, “I’m having an election. This guy is a clown, Labour is a disaster”. We are now in 2017. Please follow along.
15/ May is way, way ahead. Her campaign chokes. Corbyn has one of the great comebacks of modern political history. This is actually his first election campaign as leader after TWO leadership processes. Turns out UK voters like his sincerity and honesty. “Oh, Jeremy Corbyn” becomes an anthem on the left. In fact, the election is polarizing between the two parties in England where most of the seats reside. Fun fact: Tories and Labours have held 1-2 position exclusively for about a century.
Two party domination by Tories and Labour. Lib-Dems and predecessor parties peaked out at 25% (1983)
16/ Corbyn is secured in his leadership. It’s virtually a hung Parliament and Corbyn has centre stage across the dispatch box from the PM.
18/ Fast forward to summer 2019. May is out, Boris is in. After all of the feeble attempts to get her Brexit deal passed, the party turned to Boris. It wasn’t close, he won in a landslide. He arrives to office with his advisor, the Dark Lord, Dominic Cummings, who masterminded the Leave campaign. Who is at Boris’s side in Cabinet? Judas! Boris and Michael Gove have kissed and made up.
19/ Jeremy Corbyn is still there, looking a bit wobbly, and does not have clear position on Brexit. At first, they have Boris on the run. He wants to have an early election but new legislation blocks him without consent of the House. He wants to have the leverage of threatening to crash out of the EU without a deal. A majority of MPs flip out and force him through some humiliating votes. Boris removes the whip from over 20 Tory Remain MPs, including Churchill’s grandson! Things are getting rough. Elites are aghast! Tory and Labour MPs are joining the Lib-Dems, who have the clearest Remain position.
20/ Why is Labour so fuzzy on Brexit? Many Labour voters in their traditional heartland outside of London voted Leave. They are very split while Tories are more Leave than Remain, and Boris is betting that Tory Remainers fear Corbyn more than they fear Brexit. The Lib Dems are banking on owning Remain and also riding unicorns chasing rainbows. They are about to get squeezed like a lemon in a lemonade factory.
21/ Boris negotiates a deal! It’s oven-ready! Pop it in the microwave, let’s get Brexit done. Enough’s enough! We’re getting ready to have the election. Time to see the Queen. Corbyn’s response, while fending off serious charges of anti-semitism in his ranks, is to make the ballot question all about health care. People don’t care about Brexit, they want someone to stand up for them.
22/ At the heart of Boris’s strategy is a ‘smash and grab’ of Labour voters in traditional Labour seats. It would be like Stephen Harper trying to win East Vancouver. Except, Boris might pull it off. British voters feel like they know him. They know he’s glib, stretches the truth, and puts his foot in his mouth, but, like Trump, there is high familiarity with him. He’s been around a long time, leading a public life. His flaws have already been discounted. They know what they’re dealing with.
23/ Personality aside, Boris has a proposition: get Brexit done and, unlike Thatcher and other Tories, he will spend bigly on health care and other core services. No more austerity! He is coming for 30-50 year old working women. He wants the mums. He wants the union guy. He is saying, “I don’t care about London bankers, I’m with you blokes in Birmingham!” In fact, he was out delivering groceries in Leeds this week in the early hours (before hiding in a walk-in cooler to avoid the media). He is looking to realign the political map. Theresa May got started on this and Boris aims to finish it.
24/ Corbyn’s play is to remind people that the Tories don’t care for regular people – working people – and hopes to boost turnout among younger people, who strongly support Remain and the values that Corbyn represents. They are still singing “Oh, Jeremy Corbyn” in Liverpool. Like Canada, the Conservatives in the UK have low support among under 35s. They own old people. The election battle is with middle-aged, workforce-aged voters.
25/ The Lib-Dems have been cast aside despite floor crossings and thirsting for an election. They have fallen flat with new leader Jo Swinson. She has been unable to move the dial. In an existential battle between two populist insurgents, the Lib-Dems find it very difficult to elbow in to relevance.
26/ This post is about 2% political science and 98% soap opera. But there are a few things about the UK politics and this election that stand out:
27/ There is way more outspoken behaviour from backbenchers in the UK. Professor Greg Lyle counselled me that it’s because there are more MPs at Westminster (650 in total). The chances of promotion are much lower so backbenchers feel more freedom to do as they like. There is no question that Westminster is a much, much, more vibrant cauldron of political debate than Ottawa. I blame all Canadian parties for this. They are too focused on party discipline and dissent. Loosen up! Maybe we need more MPs in Ottawa? Did I say that out loud?
28/ Parliament really matters in the UK. The level of debate is high. There are no desks. Many MPs must stand at Prime Minister’s Questions (once a week). There’s a sense that debates can turn issues. Even the TV angles are better, covering reactions of MPs and creating a sense of the environment in the Chamber. Maybe I’m mythologizing a bit, but I would sure like Canada to do a better job emulating Mother Parliament.
29/ The media is very diverse. While Boris has taken on the BBC (and others), the reality is that there are clearly Labour papers (The Guardian), Tory papers (Times of London), Brexit papers (Daily Mail), and many others in between and all over. It may be suffocating for those in politics, but it also enlivens debate. BBC coverage is generally excellent, IMO.
30/ The advertising is more creative and to the point than anything we saw in the recent Canadian election. The main parties are keying on emotions, using digital as key medium. In this election, Boris is rejecting old rules of mainstream media. Declining some debates, and refusing outright to do a popular interview show. While the BBC sputters indignation, Boris is happy to have that fight.
31/ There are many more parties represented in Parliament than the Tories, Labour and Lib Dems. First past the post also produces Scottish Nationalists, Plaid Cymru, Ulster Unionists, a Green MP, independents, and seven Sinn Fein members who refuse to take their seats. It’s a dynamic place.
32/ Around the UK, candidates will gather in their constituency at a central polling location where they will climb on stage to hear the results together, each wearing a candidate ribbon bearing their party’s colours. The losers will congratulate the winner – a much more community-spirited ceremony than the Canadian tradition of hanging out exclusively with supporters at campaign offices.
33/ I think Boris is going to pull off his smash and grab in the Labour heartlands. As Tory grandees like Rt. Hon. John Major reject him, he gains elsewhere. He put Nigel Farage and the Brexit Party to bed. He may lose his own seat in London, but may gain Tony Blair’s old seat in northern England. He will receive a working majority and implement Brexit. Can he hang on to be a competent prime minister? Who knows. Labour will give Corbyn the heave-ho finally, but it will be Momentum that holds the cards. Their own smash and grab of the Labour Party apparatus likely continues.
Lib Dems fading down the stretch. Light blue line is Brexit Party. Peaked around the time that Theresa May left office. Boris has put them to bed. Night, night.
34/ What happens when a powerful movement drives the politics of a party away from the mainstream (and victory)? Is it a policy problem, or is it just a matter of leadership? The reality is that its problems pre-date Corbyn and he may have been the one to breathe new life into it. A new Corbynista could be the PM next time. Our parties in Canada are very vulnerable to such movements ‘taking over’. That’s democracy. Anyone can join. Don’t blame Momentum, or dairy farmers, or pro-lifers – anyone can join, but most don’t.
35/ What Boris and Corbyn realize is this – power is ‘out there’, to be harnessed. A strong message is the power to break, reshape and coalesce an electoral base, or motivate a narrow group to action, to supersede a passive majority. Either way, it goes against the old rules. They are both prepared to “alienate the base” in order to – they hope – grow their movements. They are making new rules.
36/ Thanks for reading, if you made it. This started as a tweet storm and ended as a blog post. At 2pm Pacific / 5pm Eastern, the polls close. BBC will release immediately the results of exit polls that forecast what will happen with analysis by the brilliant Professor John Courtice. Unlike Canada, the UK rolls out results slowly, over 6-8 hours. It will be great entertainment, as usual.
How did the votes get distributed on election night? Nationwide, the Liberal vote share declined by 5.6% compared to 2015, while Conservative vote share increased by 2.5%. NDP vote share decreased by 3.8%, while the Greens increased 3.1% (this is counter-narrative). The Bloc increased 3% nationally, translating to a 13.2% boost in Québec, and the Peoples Party, new to the scene, carved out 1.6%.
How the parties rose and fell varied on a regional basis. The Liberals went down in every region, in terms of popular vote. However, their losses were lowest in vote-rich Ontario and Québec. They suffered a decline in their popular vote by over 15% on the Prairies, where they only elected 5 seats in 2015. They also suffered an 18% decline in the Atlantic, but because they were so dominant in 2015, they had a buffer which allowed them to retake 26 of 32 seats.
Conservative gains were disproportionately higher in Alberta and Saskatchewan, where they already had a near dominant position. Significant gains were made in B.C. (4 point increase) which allowed for a six seat gain. A ten point gain in the Atlantic helped deliver four new seats but they were climbing out of a big hole and needed more in order to harvest bushels of seats. In Central Canada, Conservative popular vote declined, down 1.8% in Ontario and 0.7% in Québec. To get from opposition to government, you can’t give up ground in the two provinces that combine for 199 seats.
Therefore, for the Conservatives, seat gains were modest. Of the 22 newly acquired ridings, seventeen were west of Ontario: seven in B.C., four in Alberta, six in Saskatchewan-Manitoba. Of the remaining five pick-ups, four were in the Atlantic and three were in Ontario, offset by the loss of two seats in Québec.
Liberal losses were spread fairly evenly. They gave up 27 seats, compared to the 2015 election, but lost no more than six in any region (B.C. and Atlantic). The key to victory was only losing a net of one seat in Ontario, where they had a very strong showing in 2015. Their Québec losses were lower than what they gave up in the Atlantic.
The storyline as it relates to the Greens and the NDP is interesting. Much was made of NDP momentum and the Greens blown opportunity. And it’s true.
However, the NDP momentum was relative to their abysmal standing in the polls at the outset of the campaign. When it was all said and done, the NDP lost a significant share of its popular vote, based mainly on it being decimated in Québec. It made no headway in Ontario, where its leader is originally from and previously elected in the Ontario legislature. Wasn’t the business case for Jagmeet Singh that – to offset losses in Québec – he could win in the suburbs of Toronto and Vancouver and broaden the base in the rest of Canada? Didn’t happen. Outside Québec, Singh’s share of the vote (17.5%) was lower than Tom Mulcair’s (17.9%).
The Greens on the other hand can see some encouragement in the wake of a hollow election night. Yes, they had a golden opportunity on Vancouver Island, which passed them by. They did, however, make significant popular vote gains in B.C. and the Atlantic, far surpassing the NDP in New Brunswick and P.E.I. While the NDP went down 3.8% nationwide, the Greens went up 3.1%. Again, it was a disappointment based on expectations, but in the long-run, it is a step forward.
As these graphs show, there was really only one leader who excelled at regional math on election night: Yves-François Blanchet.
It’s not uncommon in Canada to have a party with the most seats have fewer votes than another party. But the 2019 election will be the first time the governing party was elected with less than 34% of the popular vote. Justin Trudeau’s 33.1% is the new low, falling beneath John A. Macdonald’s 34.8% from Canada’s first post-Confederation election in 1867.
Justin Trudeau’s minority win is much lower than other minority wins we have seen over the past sixty years. Joe Clark’s government came to power in 1979 after winning a plurality of seats with 35.9% of the popular vote, over 4% lower than Pierre Trudeau’s Liberals.
Aside from Justin Trudeau and Joe Clark, other prime ministers and parties that had more seats, but fewer votes:
1896 – Wilfred Laurier Liberals lost popular vote by 7 points to Charles Tupper’s Conservatives
1926 – William Lyon MacKenzie King’s Liberals lost popular vote 43% to 45% for Arthur Meighen’s Conservatives
1957 – John Diefenbaker’s Progressive Conservatives had 39% compared to Louis St. Laurent’s Liberals 41%
Then there is MacKenzie King who had fewer votes and fewer seats in 1925, but continued to govern thanks to the Progressives which held the balance of power. That could have happened following October 21st had Scheer won more seats, but fallen short of a majority.
So, that’s where the Trudeau Liberal win on October 21st fits in the context of Canada’s electoral and parliamentary history. It’s not a majority and it’s underwhelming in terms of popular support. With the lowest popular vote since Confederation to form government, the Trudeau Liberals can reflect on how it approaches governing where two-thirds of the electorate voted for other parties.
It could be a long night. Results will be coming in rapid fire from Cape Breton to Cape Scott. How to make sense of it all?
Here are five charts to help you follow along on election night.
Chart 1: 2015 federal elections results by region
In 2015, Justin Trudeau’s Liberals took 184 of 338 seats – a majority is 170. As the chart above shows, the Liberals swept the Atlantic and North (35 for 35), took a majority in Québec, two-thirds of Ontario, and a bigger slice than usual on the Prairies and B.C.
Winning 160 seats is a ‘stretch goal’ tonight, and if Andrew Scheer’s Conservatives pull it off, it will likely be because they won three-quarter of the seats from B.C. to Manitoba, and took at least half of the seats in Ontario.
Chart 3: Liberal pathway to a majority
No one is really talking about the prospect of a Liberal majority and appears quite unlikely unless there is a last minute surge. I looked at the ways Liberals have won in the past. A minority may look like Paul Martin’s win in 2004, but if they come close to, or pull off a majority, it may look like this:
Hold support in Central Canada
Limit losses in Atlantic Canada and the West to about 12-15 seats
Chart 4: the ‘over-under line’
No party has won a majority government with less than 38% of the popular vote. It’s not impossible, but it hasn’t happened yet.
No party has won a plurality of seats in past 60 years with less than 35% of the vote. Perhaps tonight is that night.
The first campaigns of Pierre Trudeau and Justin Trudeau were the high water marks for Liberals in British Columbia between 1968 and 2015. During most of that time, the leading conservative party had the plurality of seats, with two NDP exceptions. Will the Liberals be able to hold 2015 gains tonight? Will the Conservatives return to historic patterns? Will the NDP hold its own and surge to a plurality in B.C.? Will the Greens add to their current tally of two seats? And what about JWR?
It’s Vegas for political nerds. It’s one thing to read the polls, listen to your gut, and have a prediction. But what about putting hard-earned, cold cash on the line? That’s exactly what UBC’s Sauder School of Business offers with their Election Prediction Market. You can invest up to $1000 to test your theories.
The prediction market has been taking place in one form or another since 1993. Here’s why they do it:
The exclusive purposes for conducting the prediction markets are teaching and research. Participants learn first-hand about the operation of a financial futures market and, because they have an added incentive to do so, learn more about the political or economic events associated with the contracts. As a research project, our markets generate valuable data that provide insights into market and trader behaviour.
There are four markets where you can bet:
Popular Vote Share Market
This is my least favourite as the bettors slavishly follow the latest poll results. Sometimes you will see some sentimental investing, but the results basically mirror poll aggregators. The payoffs aren’t great unless the pollsters are very wrong.
As the chart below indicates, the betting lines have closely mirrored public opinion during the writ period. In the past 7 days, the Liberals have traded at a high of 33.69% and the Conservatives peaked at 33.88%. The NDP fever crested at 18.98%, but miserly traders currently peg them at 17.54% (no more Jagmentum, says the market).
Seat Share Market
This one is more interesting and has more volatility. Right now, the market has the Liberals and Conservatives both at about 39 cents, based on 132 seats each in the House of Commons. There is likely some betting upside for one of the parties.
The NDP are trading at 11 cents, which translates to 37 seats. This seems high. If only I knew how to short sell. The Bloc Québécois comes in at 10 cents or 34 seats, while the Greens are a penny stock (1.25 cents), translating to 4 seats. It’s depressing when an historic breakthrough is only trading for a penny! They don’t even make pennies even more.
This market has seen the NDP move from a low of 7 cents to almost 12 cents in the past week, while the Liberals have dropped from 47 cents to 39 cents.
Parliamentary Plurality Market
Now, here’s a place to make 2:1 on your bet. Only one party can win a plurality so it’s feast or famine. The Liberals have moved from 71 cents to 50 cents over the past week, while the Conservatives have moved up from 31 cents to 46 cents.
With the Conservatives and Liberals both in the 50 cent range, that’s a tidy payoff if you get it right.
Majority Government Market
The market has moved away from a majority government during the writ period. Now, “any other outcome”, ie. minority government, is trading over 76 cents. Still, if you are convinced that is the likely outcome, it’s still giving you in the neighbourhood of a 30% return.
A Liberal majority is trading at 12 cents and a Conservative majority is trading at 10 cents. Wouldn’t it be nice to get an 8:1 or 10:1 return on your investment.
The market is moving all the time so be quick if you see an opportunity.
The OVERWHELMING CONSENSUS is that there will be a minority government. We know the Holy Trinity – public pollsters, pundits and political scientists – are never wrong and would never lead the market astray!
Uh, so this was the 2013 BC election prediction market:
I can tell you there was a very sweet payoff. More than 10:1.
The prediction market at least proves one eternal truth. There is a sucker born every minute, 19 times out of 20.