05/09/2015 01:55 EDT | Updated 05/09/2016 05:59 EDT

PQ leadership hopeful Pierre Cere to make campaign announcement Sunday

MONTREAL - Parti Quebecois leadership candidate Pierre Cere will announce on Sunday whether or not he will continue to campaign for the party's top job.

Party members begin voting Wednesday to select a new leader.

On Friday, Cere told The Canadian Press he had not yet raised the $10,000 he needs to continue in the race. Cere has until 5 p.m. Tuesday to raise the necessary amount.

If Cere were to leave the race, only three candidates would remain: Alexandre Cloutier, Martine Ouellet and the front-running Pierre Karl Peladeau.

Cere will announce his decision in a news conference Sunday afternoon.

Results of the first round of the PQ leadership vote will be announced May 15.