Former Bank of Canada governor Mark Carney, who raised millions of dollars more than his opponents, is the presumed front runner
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The 400,000 Liberal members have until 3 p.m. ET to cast their ballot. As of Friday, more than 125,000 Liberal members had cast their ballot — already beating the number of votes cast in the 2013 leadership race that saw Trudeau elected as leader. It is a preferential ballot, which means that voters will rank the candidates in order of preference. If Carney were to obtain less than 50 per cent of voters’ first choices at the first round, the candidate who obtained the lowest number of first choices would be eliminated, and that person’s second choices would be distributed to other candidates. That process would continue until a candidate obtains a majority of the votes.
Trudeau is attending the event and will deliver a speech before the new leader is announced. After Trudeau, Jean Chrétien will speak, followed by the newly announced leader of the Liberal party at about 7 p.m. Trudeau and the new leader will decide when to transfer power and then an election could be called within weeks.
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