The best news is the start of the collapse of the Harper Tory vote, which would result in that party losing a big whack of seats if the election were held soon.
The next best news is that the Liberals would gain enough seats to become the biggest party in Parliament.
This is what EKOS is speculating:
"A Liberal-NDP coalition government is beginning to look like a possibility, given new seat projections from EKOS pollster Frank Graves.
In his latest model, the Liberals would win 122 seats while the New Democrats would take 31. Together, the two parties would have 153 seats – just shy of a majority government in the 308-seat House of Commons.
The Conservatives, meanwhile, would win only 109 seats compared to the 145 seats they have now. The Liberals currently have 77 seats.
As well, Mr. Graves’s projections – based on the results of his poll of 3,406 Canadians surveyed between Jan. 27 and Feb. 2 – gives the Bloc 45 seats, the Greens come up empty and there is one “other” seat, that could be won by an independent in Quebec.
The idea of a coalition fits with recent Tory spin. Indeed, Conservative strategists and officials have been talking about a new coalition forming between the Liberals and NDP as Michael Ignatieff and Jack Layton plot a strategy to limit Prime Minister Stephen Harper’s power to prorogue."
Dead wrong, Mr Graves.
There is no need for a formal coalition.
If the Liberals end up with the largest number of seats, they would be given the chance to govern, if they could gain the confidence of the House.
So Ignatieff would become prime minister, face a vote of confidence, and if supported by the NDP and Bloc, would become the government, albeit a minority government.
And if he governs wisely, he could stay in power for four or more years.
Harper did that.
So why cannot Ignatieff?
Having said all that, The Cat's preference is a more formal agreement between the NDP and Liberals, leading to an eventual merging of both parties.