The word late tonight is that either Frank McKenna or Dominic Leblanc will be entering the race to replace Stephane Dion as leader of the federal Liberal party. McKenna has stated to friends that he’s not particularly interested at this time, and I’ve learned that McKenna feels that with the economy in its current shape, he doesn’t want to challenge Harper in the current economic climate (in other words, he doesn’t want to strike at the confidence of Canadians by challenging the PM’s direction on the economy as the head of TD Bank). A partner at McInnes Cooper, McKenna’s former law firm has confidence that McKenna will enter the race, however, others have told me that the former New Brunswick premier will not be leaving the corporate sector to rebuild a party’s finances and ideology from the ground up.
This is good news for Dominic LeBlanc, who covets the top job of Trudeau’s party. LeBlanc would have likely deferred to McKenna if the elder New Brunswicker wanted to throw his hat into the ring. However, with McKenna not interested in the top job, this clears the way for Leblanc. If Leblanc enters the fray, I’m hearing that he’ll have the support of Justin Trudeau and the organizational muscle of Paul Martin’s team. Martin’s braintrust includes Liberal Party heavyweight Steve MacKinnon, who is close to McKenna. An alternative theory is that Leblanc is entering the race on McKenna’s behalf as a stalking horse to build the organization and team for a late entry by the former Premier.