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They are actually a factor for reasons which boggle the mind
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They're a factor because many Canadians who normally would support the Liberals either don't like Dion or aren't comfortable voting for them again so soon after the Chretien-era scandals.
This should have meant an EASY majority for the Conservatives in both this election and the last one, but there's many voters in Ontario, Quebec, and Atlantic Canada who won't vote for a re-branded Reform Party. Swing votes that would have gone to the former Progressive Conservative Party are now going to the NDP or the Greens instead of the CPC.