Liberal Leader Michael Ignatieff pauses as he addresses supporters Monday evening in Toronto after being defeated in the federal election. — Canadian Press photo
TORONTO — Michael Ignatieff will step down as Liberal leader after he and his party suffered devastating defeats in Monday’s federal election.
The Liberals were reduced to an all-time low as Stephen Harper’s Conservatives were vaulted to majority status in the House of Commons.
Under Ignatieff, the Liberal party that governed the country for much of the past century was reduced to just 34 seats, a distant third behind Jack Layton’s bounding New Democrats.
Ignatieff, who also lost his own seat in Toronto, says he will consult with party officials about the timing of his departure.
Under party rules, a leadership convention must be held within six months of the leader’s departure.