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In the US there are fixed elections, meaning whoever wins doesn't face reelection until the next election cycle. In Canada, like in Britain, the right to govern is dependant on what is known as "confidence of parliament." A government - the Prime Minister and his/her Cabinet - must enjoy the confidence of the majority of members in the House of Commons. This is easy when one party wins a majority of seats, since the majority party chooses its leader and other members to form the government; but when there is a minority parliament (when one party wins less than half the number of seats), the party must seek support from other parties. Minority parties historically last less than 2 years, with some lasting less than one year.
There are a couple of different ways to bring down a government:
1) If a party fails to pass any type of money bill. Since the primary function of government is to ensure the funding of government itself, the failure to do so would automatically trigger an election, since the government would be seen as having "lost the confidence of the House."
2) A direct no-confidence motion. This is actually what brought down the Liberals in the Fall.
3) If a Prime Minister states that an issue is so important that failure to pass it would constitute a "vote of no confidence."
The latter point is up to the disgression of the Prime Minister. But the first two are binding. A government must pass a budget every year, and requires a majority of members to vote for it. And a vote of no confidence is pretty much self explanatory, if a government doesn't have the confidence of the House it can not govern.
As for Harper's "victory." He won 123 seats. Which is nothing. A majority in the Canadian parliament is 155 seats. Which means he has to convince at least 32 members of opposing party members to support him on any given issue if he expects to get anything passed.
The other parties are as follows:
1) The Liberal Party (the Conservative's main opponents): they won 103 seats.
2) The Bloc Quebecois (left wing, separatist party): they won 50 seats.
3) The New Democratic Party (socially left wing/Labour party): they won 31 seats.
4) 1 independant, and one seat unaccounted for (out west) but will go either Liberal or NDP.
If the Conservatives had won even 140-145 seats, they might be in a strong position - even with a minority - since they would only have to convince a dozen or so other members. But having won on 123 seats, they have to convince at least 32 to 33 (assuming the Speaker will be conservative and can not vote unless there is a tie).
So as you can see, the Conservatives are screwed. I expect there to be another election within the year.
P.S. It's typically easier for Liberals to manage minority parliaments since they usually go "left" and get the support of the NDP. This is what Martin did with Gay Marriage and the like. But for Conservatives it's tougher since there isn't any other "right-wing" party which may prop them up. No Conservative minority has lasted longer than a year.
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