05/15/2015 04:00 EDT | Updated 05/15/2016 01:12 EDT

Results of PQ leadership come out tonight, with Peladeau seen as the favourite

MONTREAL - The Parti Quebecois could have a new leader tonight, with Pierre Karl Peladeau seen as the favourite to replace Pauline Marois. Party members have until 5 p.m. eastern to cast a ballot for either Peladeau, Alexandre Cloutier or Martine Ouellet.Marois resigned after the PQ election loss to the Liberals in 2014.The 53-year-old Peladeau, who controls media conglomerate Quebecor Inc. (TSX:QBR.B), is considered the front-runner.If none of the three candidates gets 50 per cent, a second round of voting with the top two finishers will take place between next Wednesday and Friday.The 37-year-old Cloutier and the 46-year-old Ouellet both served in cabinet under Marois.Stephane Bedard has been leading the party on an interim basis since the election defeat.