Drawing on the work of academics and other experts from across Canada, Carleton University's School of Public Policy and Administration's annual book takes a focused and robust look at an era where a political coronation seemed inevitable but high expectations had to be managed downwards almost immediately. A less-than-buoyant fiscal surplus, escalating concerns about liberal ethics and corruption, and a growing volatility in public opinion are examined as are Canadians' increasingly uncertain views about the new Liberal leadership versus the old Liberal Party's ten-year hold on power. A new Conservative Party and a suddenly feisty New Democratic Party are also a central part of the new 2004-2005 Canadian political and policy milieu.