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Ontario Liberal leadership candidate Sandra Pupatello walks into her campaign office surrounded by supporters in Toronto on Jan. 24, 2013.MICHELLE SIU/The Globe and Mail

Politics Today is your daily guide to some of the stories we're watching in Ottawa and across Canada, by The Globe and Mail's team of political reporters.

Redford's reckoning

Alberta's fortunes rise and fall on oil revenue, and weak prices are leaving the province in a tough spot, Premier Alison Redford told Albertans in a TV address last night. The opposition, though, is asking how she can keep all her promises of not increasing taxes, not substantially cutting services and weaning the province off oil and gas.

A new premier

Ontario Liberals are gathering in Toronto to pick a replacement for Dalton McGuinty as party leader and premier. Tonight is a tribute to Mr. McGuinty, while tomorrow is the delegate voting that will no doubt be an exciting affair. The Globe will be providing live coverage as balloting takes places, starting with candidate speeches at 9 a.m. ET until we have a winner. Come back to tgam.ca/politics and follow us on Twitter at @globepolitics for live updates.

Pupatello's fortunes

The current front-runningest front-runner, Sandra Pupatello, may be spooking her fellow candidates with hints of a general election, Adam Radwanski reports. Some camps, who she'll need to secure the leadership, are more reluctant to face election while the party is down in the polls. Complicating it, too, is Ms. Pupatello's need of a by-election to get back into the legislature. She and Gerard Kennedy (currently third in the delegate count) are the only candidates who aren't currently MPPs.

Ford's appeal is over?

Toronto Mayor Rob Ford finds out this morning if he'll keep his job when his appeal verdict is handed down. If Mr. Ford loses his appeal, city council has three options: they can re-appoint him to the job, appoint someone else as a caretaker mayor until an election in late 2014 or hold a mayoral by-election. It's unlikely Mr. Ford can muster enough votes for the first option, but different councillors are lining up behind each possibility.

Carney's replacement

Finance Minister Jim Flaherty, currently in Davos, Switzerland, tells Reuters he expects a replacement for Mark Carney as Bank of Canada governor could come in April. Mr. Flaherty says the search is limited to those holding a Canadian passport – so, sorry Brits, I guess we can't swap central bankers.

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