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The Parti Québécois could have a new leader tonight

Above Watch: The Parti Québécois could have a new leader tonight, with Pierre Karl Péladeau seen as the favourite to replace Pauline Marois. Elysia Bryan-Baynes reports from Quebec City.

MONTREAL — The Parti Québécois could have a new leader tonight, with Pierre Karl Péladeau seen as the favourite to replace Pauline Marois.

Party members have until 5 p.m. eastern to cast a ballot for either Péladeau, Alexandre Cloutier or Martine Ouellet.

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Marois resigned after the PQ election loss to the Liberals in 2014.

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The 53-year-old Péladeau, who controls media conglomerate Quebecor Inc., 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.

WATCH ABOVE: PQ leadership race wraps up this week

The 37-year-old Cloutier and the 46-year-old Ouellet both served in cabinet under Marois.

Stéphane Bédard has been leading the party on an interim basis since the election defeat.

Parti Québécois leadership candidates, from left, Alexandre Cloutier, Pierre Karl Péladeau, Martine Ouellet and Pierre Céré participate in the final debate in Montreal, Thursday, May 7, 2015. Graham Hughes/The Canadian Press

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