Bob Rae dropped out of the race to run the Liberal Party on Tuesday, clearing the way for current deputy leader Michael Ignatieff to take the reins from Stéphane Dion. After last week's high-stakes events of signing a coalition agreement with the NDP, with the pledged support of the Bloc Quebecois, followed by the abrupt prorogation of Parliament, the party became anxious to install a new leader immediately. Mr. Ignatieff hails from a distinguished Russian political family, and is the son of celebrated Canadian diplomat George Ignatieff.
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