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What's wrong with a minority government?
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The current Liberal government can work (in theory at least) because the Libs have natural socially-left allies in the NDP and Bloc, and they can throw the CPC a bone or two in the budget like corporate tax cuts to get it passed.
Who's going to help a CPC minority pass anything? Ironically, the closest party to the Conservatives are the Liberals, and I really don't see them cooperating in the near future should the CPC bring down the Libs. A Conservative minority is more likely to fall within a year than the current Liberal minority is.