I'm confused why people always seem to think that a conservative government will balance the budget.
The history of deficits run deep in both parties.

1984-1993 was a conservative government and ran the most consistently large deficit that Canada has run in most of our lifetimes. Liberals ran 1993-2006. Cons were back in 2006-2015.
This isn't indicative of peoples personal finances at the time, but my question remains.
The biggest effect on our personal finances is going to be the valuation of the Canadian dollar since we so heavily rely on imported products to dictate price of goods.