According to CTV.ca, Toronto MP Gerard Kennedy will not run for the Liberal leadership, replacing Stéphane Dion. The report said that Mr. Kennedy will issue an official statement later today.
The former Ontario cabinet minister reportedly still owes about $200,000 from the 2006 leadership race, which was won Stéphane Dion. That debt, coupled with stricter fundraising rules and a slowing economy will make it difficult for him to run an effective leadership campaign.
The Liberal party expects about 9,000 delegates at their leadership convention, which will be held in Vancouver in early May 2009.
I doubt Mr. Kennedy had a serious chance at the leadership itself, but he might have played the part of “king maker,” by siding with one of the front runners after a ballot or two.