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Phil Tank: Trudeau may now regret his broken electoral reform promise
(thestarphoenix.com)
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Most governments have formed with a minority for the past couple of decades. It's already the reality.
But you're right that they wouldn't want to formalize it.
There's a difference between "formed with a minority" and "no chance at a majority ever again".
The LPC (and CPC) are quite happy with the current system. The LPC would accept AFV or ranked-ballot, but only because they're everyone's second choice, where the Conservatives are the first choice of ~35% of the population, but almost no one's second.