Ontario Premier Dalton McGuinty resigns from office

Liberal leader Dalton McGuinty has announced that he will be resigning as the premier of Ontario.

McGuinty made his announcement during a surprise caucus meeting shortly after 6 p.m. on Monday evening.

"After 16 years as leader of the Ontario Liberal party, and after nine years as premier, it's time for renewal," McGuinty said to a room packed with reporters and members of the Liberal caucus. "It's time for the next Liberal premier. It's time for the next set of Liberal ideas to guide our province forward."

McGuinty shared that he asked the party president to convene a leadership convention "at the earliest possible opportunity," the National Post reports. McGuinty will continue to serve as the premier of Ontario until a new leader is elected.

The premier also announced that he is proroguing the provincial legislature in order to "negotiate wage freezes with the province's labour partners," said the National Post. McGuinty also mentioned that he would like to reach out the Opposition in order to get them on the same page with making the wage freeze possible.

"To this end, I met with the Lieutenant Governor earlier today to ask that we prorogue the House so that we can pursue both discussions, both tracks, in a way that is free of the heightened rancour that has sadly, too frequently characterized our legislature of late," said McGuinty.

More to come