US EditionQuebec premier lays out economic vision, warns economy headed for tough times
Legault plans to reduce bureaucracy and boost sectors like aerospace and AI while Hydro-Québec invests $200 billion to strengthen Quebec’s economy, officials said.
- On Monday, Quebec Premier François Legault unveiled an economic vision less than one year before the provincial election and told business leaders at the Beauharnois hydropower generating station, `We are going to need all of you to meet the immense challenges that lie ahead of us.`
- With U.S. protectionism rising, Quebec Premier François Legault warned `our labour market projections indicate that the economic situation is not looking good in the coming months` and called for boosting hydro, cutting bureaucracy, and intervening in the economy.
- He touted Hydro‑Québec's $200 billion plan to expand energy capacity and urged Quebec's pension fund manager, government's investment agency, and private actors to stimulate the economy.
- Legault warned that the province risks recession and called on Quebec companies to increase investment, saying `When there's uncertainty, we wait before investing, but now we may need you to take a little bit more risk`.
- Aiming longer term, the vision seeks to position Quebec as North America's hub for mineral extraction and processing, despite immigration being omitted amid warnings from business groups about long-term worker shortages.
22 Articles
22 Articles
Quebec’s focus remains on hydroelectric, says Premier Legault
Quebec Premier Francois Legault appeared at a gathered of the province’s business leaders at the Beauharnois hydropower station outside of Montreal, where he reiterated plans to boost Quebec’s hydroelectric infrastructure. Legault cited Hydro-Quebec’s previously-announced plan to invest $200 billion into public utility’s energy capacity between now and 2035, a project that despite the uncertainty of the moment, he hopes will help to curb the eff…
Quebec premier lays out economic vision, warns economy headed for tough times
Quebec Premier François Legault showed little interest on Monday to raising immigration levels, saying the way the economy is heading, the province will have more employees than job openings. He made the comments after he announced his economic vision for the province during an event at the Beauharnois hydropower generating station southwest of Montreal, where he invited the province’s business leaders. In these trying economic times, as the Uni…
Quebec Premier Lays out Economic Vision, Warns Economy Headed for Tough Times
Quebec Premier François Legault showed little interest on Monday to raising immigration levels, saying the way the economy is heading, the province will have more employees than job openings. He made the comments after he announced his economic vision for the province during an event at the Beauharnois hydropower generating station southwest of Montreal, where he invited the province’s business leaders. In these trying economic times, as the Uni…
Coverage Details
Bias Distribution
- 74% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
