Egypt's army commander has declared that the chief justice will temporarily take over presidential powers and the constitution will be suspended. In a highly anticipated live television address, General Abdel Fattah al-Sisi said that the chief justice would oversee an interim period leading to new presidential and parliamentary elections.
As he was speaking, tens of thousands of anti-Morsi protesters in Tahrir Square erupted into cheers.
The statement came as troops have been mobilized across Cairo in a move that the governing Muslim Brotherhood has condemned as a military coup. There have been conflicting reports over the whereabouts of Mr Morsi himself.
Anchor Marco Werman gets an update from the CBC's Derek Stoffel in Cairo.