10/21/2015 07:30 EDT | Updated 10/21/2015 07:59 EDT

Gilles Duceppe To Step Down As Bloc Quebecois Leader: Reports

Parti Quebecois Leader Pierre Karl Peladeau has said he wants Duceppe to stay on.

QUEBEC — Gilles Duceppe will step down as Bloc Quebecois leader, the CBC's French-language network reported Wednesday.

Radio-Canada quoted unnamed sources as saying he will not go to Ottawa to lead the party.

The Bloc won 10 seats in Monday's election but saw its share of the popular vote drop to below 20 per cent.

Duceppe, who failed to get re-elected in Laurier-Sainte-Marie, has scheduled a news conference in Montreal at 1 p.m. ET on Thursday.

Earlier on Wednesday, Parti Quebecois Leader Pierre Karl Peladeau said he wants Duceppe to stay on.

Peladeau said Duceppe has a handle on federal issues as well as a good knowledge of federal intrusion into provincial jurisdiction.

"I think he is a major asset and I hope he remains leader of the Bloc," he told reporters in Quebec City.

Peladeau didn't specify whether he'd spoken with Duceppe since Monday night.

Also on HuffPost

Photo gallery Canada Election Night 2015 See Gallery