Wow.. uh.. is the whole "Conservative" approach dying? I don't see anything on here about republicans or conservatives. Is it just an American thing?
One of Canada's big five parties - and the current party leading the government, albeit a minority government - is the "Conservative Party of Canada", though, compared to the Republicans of our southern neighbors, they aren't quite as conservative. They used to be two separate parties - the Progressive Conservative Party, and the Reform Party (later renamed the Canadian Alliance Party); the PC's were fiscally conservative, but socially progressive, whereas the Alliance was both fiscally and socially conservative. The PC's started to lose a lot of support in the mid-to-late 90's for reasons I don't recall off the top of my head, so we lost that interesting mix of fiscal conservativism and democratic socialism. Now, we have the plain old tories who are your typical small government, fewer federally-controlled programs type.
Unlike the US, though, our votes are split between an additional four parties: NDP (New Democratic Party), the Liberal Party (much akin to the US Democrats, but, perhaps, more centrist in their approach, depending on who's leading the party), the Bloc Quebecois (who, obviously, only run in Quebec, and are a regional-interest party, so it puzzles me that they are represented in parliament...), and the Green Party of Canada (who, at the moment, have no elected representatives in parliament; they used to have a couple, but lost seats in the last federal election).
So, no, the US isn't the only governing body that has a clearly conservative choice available when election season rolls around. Other countries' conservative parties may or may not be as "conservative" as the Republicans, but they still exist, nevertheless.