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TORONTO (Reuters) - Ontario Finance Minister Dwight Duncan on Wednesday ruled out a run for the leadership of the Canadian province's Liberal Party after Premier Dalton McGuinty's surprise resignation last week, and he said he would not stand for re-election to the provincial legislature.
In announcing his decision, Duncan acknowledged the huge fiscal challenges the province faces in its fight to eliminate a C$14.4 billion ($14.51 billion) deficit.
"Whoever becomes the next Liberal premier and whoever wins the next general election is going to have to have a very clear plan," he said.
Reporting by Claire Sibonney