Rath on 06 August 2011
Generally a crushing defeat doesn't kill a major party - it sends them off to reinvent themselves over a period of a few terms of government.
Canadian Liberal party has been crushed before
http://en.wikipedia.org/wiki/Canadian_federal_election,_1984
http://en.wikipedia.org/wiki/Canadian_federal_election,_1958
I reckon it will survive.
