Canadian Action Party
In 1997, Hellyer formed the Canadian Action Party (CAP) to provide voters with an economic nationalist option following the collapse of the National Party of Canada. Hellyer believed that both the Progressive Conservative and Liberal parties were embracing globalization, and that the New Democratic Party was no longer able to provide a credible alternative. CAP also embraced Hellyer's proposals for monetary reform: that the government should become more involved in the direction of the economy by gradually reducing the creation of private money and increasing the creation of public money from the current ratio of 5% public / 95% private back to 50% public and 50% private.
His party remained a little-noticed minor party, and Hellyer lost bids for a seat in the Canadian House of Commons in the 1997 and 2000 elections.
Following the 2000 election, and a resurgence for the New Democratic Party, Hellyer approached NDP leadership to discuss the possibility of merging the two parties into 'One Big Party'. This process was furthered by the passage of a unanimous motion at the CAP's convention in 2003.
In early 2004, after several extensions of the merger deadline, the NDP rejected Hellyer's merger proposal which would have required the NDP to change its name. Hellyer resigned as CAP leader, but remains a member of the party. Rumours that he might run for the NDP in the 2004 election proved to be unfounded.
Read more about this topic: Paul Hellyer
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