n. & adj. — Politics
a Conservative with liberal views on social welfare issues.
Type: 1. Origin — The term Red Tory became popular in the mid-1960s (see the 2012 quotation). Note that Canadian conservatism is "distinctly different and much older than American conservatism" (see the 1999 quotations). As Chart 1 shows, the term is most frequent in Canada.
See also Gage-5, s.v. "Red Tory", which is marked "Cdn.", ITP Nelson, s.v. "Red Tory", which is marked "Canadian", and OED-3, s.v. "Red Tory", which is marked "Canad.".
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Chart 1: Internet Domain Search, 5 Oct. 2012