The party of Laurier?

Jonathan Kay wrote an interesting piece advocating the end of the Liberal Party because it has become a detriment to public discourse. His basic argument is that the Liberal Party sees itself as nothing but an empty shell of a governing party. They don’t need to put forth any consistent ideas because they rule. That is their purpose.

As much as this may or may not be too harsh he made one point that specifically resonated with me:

The most common is the one about the Liberals being "the party of Laurier" -- as if the party affiliation of someone who's been dead for a century should have the slightest bearing on how anyone today should vote. It's the equivalent of an American Republican gushing about "the party of Taft."

Laurier believed in minimal government interference in the market place. He once compared government enforced monopolies to serfdom. Does this sound like someone that would fit into the modern day Liberal Party?