[news] Corporate Governance

[Resist!ca]

The old saying he who pays the piper calls the tune applies to Canada's two main governing parties. It gives new meaning to 'corporate governance'. Tories were top fundraisers in 2004. Figures released Monday by Elections Canada show the Grits raised $5.2 million from private-sector sources in 2004 -- less than half the $10.9 million raked in by the rival Conservatives. More than 68,000 Canadians wrote cheques to the Tories last year, compared with 17,501 to the Liberals and 30,097 to the New Democratic Party. The Liberals received $5.2-million in donations in 2004, just ahead of the $5.1-million raised by the NDP. The Bloc Quebecois raised $892,117. According to the parties' financial statements, only the NDP is not running a deficit. The New Democrats are listed as having $3.7-million in the bank, while the Tories and Liberals list debts of about $1.3-million. The Bloc has a $936,000 debt.

URL: http://resist.ca/story/2005/7/7/142457/7965