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UPDATE 1-Ex-Canada PM Harper to quit politics, go into business -source

Published 2016-05-25, 01:37 p/m
© Reuters. UPDATE 1-Ex-Canada PM Harper to quit politics, go into business -source

(Adds confirmation from Conservative source, background)
OTTAWA, May 25 (Reuters) - Former Conservative Canadian
Prime Minister Stephen Harper, who lost power last October after
almost a decade in office, will leave politics later this year
and go into business, a Conservative source said on Wednesday.
Harper, 57, stepped down as party leader in the wake of his
defeat by the Liberals of Justin Trudeau in the Oct 19 election.
He was re-elected as a legislator for a parliamentary
constituency in Calgary, but will resign his seat before the
House starts its fall session in September, said the source.
"He will go into a global business venture. He has no plans
to become an academic," said the source, who asked to remain
anonymous since Harper has made no formal announcement about his
future yet.
Several companies had asked Harper to sit on their boards,
the source added.
The Canadian Broadcasting Corp reported that Harper had
received offers of work from U.S. companies including U.S.
buyout firm KKR & Co LP KKR.N .
KKR declined to comment. Harper did not immediately respond
to a request for comment.
The Globe and Mail newspaper, which first reported Harper
would step down, said he was also looking at establishing a
foreign policy institute.

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