Mulroney’s second term was marked by a harsh recession, which forced the government to raise taxes to try to slash a deficit that hit a record high in his final year in office. His proposed constitutional reforms imploded – they were seen as too favourable to Quebec and rejected. “It was the worst moment of my life,” he would later recall. Mulroney also introduced a goods and services tax, and oversaw the privatisation of one-third of more than 60 state-run corporations including Air Canada. By the time he retired in 1993, his popularity had plummeted; his 11 per cent support made him the most unpopular prime minister in Canadian history. Less than three months after his exit, the Tories s
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