No, the Liberals are definitely down from their normal levels of support, but they were down long, long before the election call, so I don't buy strategic voting as the excuse either. The Liberals have been polling <20% since May 2011 and in the low teens for the last 18 months. Raj did nothing at all to turn that around, and even lost more on top of that. You can't even blame the election of Redford as PC leader for causing a defection.
Giving the "anybody but PC" crowd another option is certainly a big reason in my mind, but one can't overstate how much of a disaster David Swann seems to have been to the party's fortunes. Liberal fortunes plummeted straight into the ground after he became leader. So much so that he never even got to contest an election as leader.
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