Leader of Canada's Liberal Party Michael Ignatieff steps down

Toronto - Michael Ignatieff has stepped down as the leader of Canada's Liberal Party. After a record defeat Monday night where Michael Ignatieff lost his own riding and the party secured only 34 seats in the House of Commons, the move was expected.

Ignatieff spoke on live television at 10:00 a.m. from Toronto that he has resigned as Liberal party leader. "I would say that there is a wave of change that has changed the goal of politics in Canada. I hope for the better." Ignatieff said that the Liberals have lead Canada to changes that have benefited the people of Canada. The new leader will be chosen later, which is expected to take place in the fall. He said that he will be living the party holding his head high and not as a sore loser. He added, according to the Globe & Mail, "I think the surest guarantee of a future for the Liberal Party of Canada is four years of Conservative right-wing government and four years of NDP left-wing opposition. I think after that experience Canadians will, I hope, again discover why you have a Liberal Party in the centre.” Ignatieff said he would like to return to teaching.