The convention was held in Winnipeg, May 6–7, 1978. •
Lorne Reznowski 356 (75.58%) •
Martin Hattersley 115 (24.42%) Reznowski was an English Professor at the University of Manitoba and a former national secretary of the party and aide to former leader
Robert N. Thompson. Hattersley, an Edmonton lawyer, was the party's president, former director of research of the Social Credit Association of Canada and was also a former aide to and speechwriter for Thompson. Less doctrinaire than Reznowski on the issue of
social credit economic theory, Hattersley argued in favour of broadening the party's base and appealing to a wider spectrum of voters. Former British Columbia cabinet minister
Philip Gaglardi was also a candidate but dropped out days before the convention after his demands for $1 million and a jet plane to fight the next federal election were rejected. He supported Hattersley after withdrawing. The convention was controversial because it was held in Winnipeg rather than in Quebec where most party members, and the entire parliamentary caucus, resided. Réal Caouette's son,
Gilles Caouette, who had been expected to be a candidate for the leadership resigned as interim party leader in protest over the party executive's decision to hold the convention outside of Quebec and before the federal election which was expected in 1978 (Caouette would have preferred to remain interim leader and lead the party through the election before having to face a convention). It was believed that the party executive wished to have an English Canadian leader in hopes of reviving the party's prospects in Western Canada while Caouette and much of the caucus, fearing the loss of their seats in an election, preferred to have a Quebec leader in hopes of retaining the party's existing support in that province. Reznowski resigned as leader five months after being elected to the position after winning only 2.76% of the vote in an October 1978 federal by-election in
Saint Boniface, Manitoba. Leaderless, the party appointed independent
Quebec National Assembly member
Fabien Roy as party leader in the middle of the
1979 federal election campaign. Roy was elected to parliament leading a six-member Social Credit caucus. He led the party through the
1980 federal election after the fall of
Joe Clark's
minority government. Every Social Credit MP was defeated. Seatless, Roy tried to re-enter parliament by running in a
by-election in
Frontenac on March 24, 1980 but he was defeated. He resigned the leadership on November 1, 1980.
Martin Hattersley was appointed acting leader of the party in 1981. ==1982 leadership convention==