Conservative Fundraising Outpaces Liberals, but Donor Numbers Tell a Different Story

Liam MacKenzie, Senior Political Correspondent (Ottawa)
5 Min Read
⏱️ 4 min read

In a revealing snapshot of the current political fundraising landscape, Pierre Poilievre’s Conservative Party has outperformed the governing Liberals in monetary contributions during the second quarter of the year. However, the sheer number of donors supporting Mark Carney’s Liberals suggests a more robust grassroots engagement. Financial figures released by Elections Canada indicate that from April to June, the Conservatives collected just over £5 million, compared to the Liberals’ £4.36 million. Yet, the Liberal Party attracted 33,439 contributors, slightly edging out the Conservatives, who recorded 33,024 donors.

The first quarter of 2025 saw a similar trend, with the Conservatives raising £9.43 million from 40,410 donors, while the Liberals secured £6.82 million from 36,208 contributors. The narrowing gap in both funds raised and donor numbers is likely to intensify the scrutiny on Poilievre, especially as his party trails in public opinion polls. This summer has also been marked by visible discord within Conservative ranks, with MPs publicly clashing over policy matters, raising concerns about party unity. Furthermore, Poilievre’s recent remarks at a Calgary Stampede event, which appeared to criticise a BC Conservative leadership candidate, have drawn ire from some party stalwarts.

A spokesperson for the Liberal Party, Matteo Rossi, pointed to the party’s strong fundraising performance as a continuation of their best-ever first quarter outside an election cycle. He credited three by-election victories and a successful party convention in May, which attracted over 4,500 attendees. Rossi’s statement highlighted the Liberals’ commitment to focusing on delivering tangible results for Canadians, contrasting it with Poilievre’s perceived divisive tactics.

Conversely, Conservative spokesperson Sarah Fischer contended that the party’s superior fundraising figures reflect ongoing public dissatisfaction with the Liberal government. She argued that despite the challenges posed by rising living costs under Carney’s leadership, Canadians are choosing to back Poilievre’s vision for making the nation more affordable.

Performance of Other Parties

In the broader context, the Bloc Québécois managed to raise just over £221,000, while the NDP secured £1.2 million in the same quarter. However, quarterly financial figures can be misleading, as they can be heavily influenced by political events such as party conventions, general elections, and leadership contests.

For instance, throughout 2025, the Conservatives amassed an impressive £48.4 million, with the Liberals trailing at £29.6 million. This period included significant political shifts, such as the resignation of former Liberal leader Justin Trudeau and Carney’s ascension to leadership, culminating in a snap election. In contrast, 2024 was devoid of such pivotal events, resulting in the Conservatives raising £41.7 million against the Liberals’ £14.8 million.

Despite these financial advantages, the Conservatives were unable to translate their fundraising prowess into electoral success, losing last year’s election and allowing the Liberals to maintain a minority government. The current political climate suggests that the Liberals still hold an edge in public sentiment, particularly following the defection of five opposition MPs and three recent by-election wins.

Upcoming By-Elections and Political Implications

Looking ahead, three more by-elections are on the horizon, scheduled for the end of August. Two of these are in ridings currently held by the Liberals, while the third, situated in Quebec, became vacant when the Conservative MP from that area was appointed to the Senate. The outcomes of these by-elections could further shape the political landscape and influence party strategies leading into the next general election.

Why it Matters

The dynamics of fundraising and donor engagement are crucial indicators of a party’s health and viability, especially in the lead-up to elections. While Poilievre’s Conservatives may be generating more revenue, the Liberal Party’s broader base of support could signal deeper public connections. As tensions within the Conservative ranks rise and the government continues to navigate economic challenges, the upcoming months will be pivotal. The ability of both parties to harness their respective strengths and address voter concerns will ultimately determine their fortunes in the ever-evolving political arena.

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