02/02/2016 02:48 EST | Updated 02/02/2017 05:12 EST

Liberals Dethrone Conservatives As Fundraising Champions

OTTAWA — Money, it seems, follows power.

The Liberal party is the new king of the federal fundraising hill, surpassing the Conservatives who've been the undisputed champions for more than a decade.

The literal reversal of fortune, disclosed in fourth-quarter financial reports filed with Elections Canada, reflects the reversal of the two parties' political fortunes in the Oct. 19 election.

rona ambrose

Interim Tory Leader Rona Ambrose speaks at a press conference in Ottawa in January. (Photo: Adrian Wyld/CP)

The Liberals scored an upset majority victory, reducing the Conservatives to official Opposition status.

The financial reports show the Liberals raked in $6.5 million during the last three months of 2015, from almost 56,000 donors.

The Conservatives pulled in $5.3 million from 42,750 donors.

The NDP, which finished a disappointing third in the election, pulled in $2.8 million from almost 63,000 donors.

During the third quarter of 2015, which covered the first two months of the 11-week election campaign, the Liberals raised less money than either the Conservatives or NDP. The NDP had been leading in public opinion polls for much of that time.

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