Page "Tory" Paragraph 18

By the 1970s the Progressive Conservative Party was a Keynesian-consensus party.

With the onset of stagflation in the 1970s, some Canadian Tories came under the influence of neo-liberal developments in Great Britain and the United States, which highlighted the policies for privatization and supply-side interventions.

In Canada, these tories have been labeled neoconservatives-which has a somewhat different connotation in the US.

By the early 1980s there was no clear neoconservative in the Tory leadership cadre, but Brian Mulroney, who became leader in 1983, eventually came to adopt many policies from the Margaret Thatcher and Ronald Reagan governments.