Pierre Karl Peladeau set to run for PQ in Quebec election, source says

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Parti Quebecois leader Pauline Marois looks on as Pierre Karl Peladeau gestures during a press in Saint Jerome, Que., Sunday, March 9, 2014. Peladeau has announced his candidacy for the riding of Saint Jerome for the Parti Quebecois on day five of the Quebec provincial election campaign.THE CANADIAN PRESS/Graham Hughes

SAINT-JEROME, Que. – The Parti Quebecois is set to announce that media baron Pierre Karl Peladeau will run for the party in the provincial election.

A source told The Canadian Press that Peladeau will confirm his candidacy at an 11:40 a.m. news conference in Saint-Jerome, Que.

Rumours have been swirling for months that Peladeau would run for the PQ.

Last year, Premier Pauline Marois appointed Peladeau chairman of Hydro-Quebec, the provincial power utility.

The high profile Peladeau is also vice-chairman of the board of Quebecor (TSX:QBR.B), the conglomerate founded by his father which owns the Sun tabloids and the Sun News Network in English Canada.

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