With just over three weeks remaining in the race to become the next leader of the Liberal Party of Canada, Mark Carney has emerged as the top fundraiser, securing more than $1.9 million in donations from over 11,000 contributors.
A spokesperson for Carney’s campaign confirmed the figures, which were included in the latest biweekly report submitted to Elections Canada on February 9.
The financial standing of other candidates varies. Chrystia Freeland’s team remained tight-lipped on specific fundraising totals but stated they are “feeling very positive” following a series of fundraising events. Frank Baylis has confirmed raising over $350,000 and has now completed the required payments to the Liberal Party.
Meanwhile, Ruby Dhalla’s campaign has yet to release an official figure but claims to have had “very successful” fundraising efforts. Karina Gould also withheld specific numbers but informed supporters that she has completed her full entry fee payment ahead of schedule.
The candidates must raise sufficient funds to cover a $350,000 entrance fee, which is paid in instalments. The final payment of $125,000 is due on Monday. Campaigns are permitted to spend up to $5 million, excluding the entrance fee and certain other costs. Contributions are subject to Elections Canada regulations, which prohibit donations from corporations, unions, or non-residents.
Elections Canada is expected to release official fundraising reports for all candidates next week.
Historically, strong fundraising has played a crucial role in leadership campaigns. During the last Liberal leadership contest, Justin Trudeau raised just over $2 million from 10,500 individual donors and 60 fundraising events. That race, which ran from November 2012 to April 2013, had a significantly lower spending cap of $950,000.
With the leadership vote set for March 9, candidates are entering the final stretch, aiming to solidify financial support and secure their path to leading the Liberal Party—and potentially, the country.