Quebec Economy

Quebec Budget Surplus: Time To Lower Taxes, Not Spend More

Jasmin Guénette | Posted 07.19.2016 | Canada Business
Jasmin Guénette

The news came as a surprise: Quebec now has a budget surplus. This is good news for a province that writes most of its budget in red ink. While this surplus is cause for celebration, already many commentators have proposed that it be "re-invested." Re-investment, of course, is code for more spending.

The Streets Of Montreal Are Clogged With Endless Roadwork

Jasmin Guénette | Posted 06.28.2016 | Canada Living
Jasmin Guénette

Driving in Montreal has become a serious headache -- although that may be what some politicians and activists want, judging by a recent report from the Office de consultation publique de Montréal calling for a drastic reduction in parking spots to make driving... even less attractive and efficient in Montreal.

Quebec Can Withstand Economic Turbulence Caused By Oil: Minister

CP | The Canadian Press | Posted 07.03.2016 | Canada Politics

Despite predictions that Canada is headed for recession, Quebec is in a good position to withstand the economic turbulence because of lower oil prices and a dropping dollar, Finance Minister Carlos Leitao said Friday.

Quebec Is Being Deprived of the Benefits of Shale Gas Development

Youri Chassin | Posted 06.01.2016 | Canada Business
Youri Chassin

Largely overlooked in the shale gas debate that has taken place in Quebec in recent years between industry proponents and environmentalist groups were the farmers who might have benefited from having natural gas wells on their land.

Quebec Should Ditch Wind Power Subsidies and Go for Oil

Michel Kelly-Gagnon | Posted 06.28.2015 | Canada Business
Michel Kelly-Gagnon

Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.

'A $5-Billion Tax Cut For Quebec And Ontario Consumers'

CP | Ross Marowits, The Canadian Press | Posted 04.27.2015 | Canada Business

MONTREAL - National Bank of Canada expects economic conditions will improve this year in Central Canada as consumers get some breathing room from lowe...

Catherine Lévesque

Why Women Are Hardest Hit By Quebec's 'Plan Nord' Strategy | Catherine Lévesque | Posted 12.13.2014 | Canada Business

SEPT-ÎLES, Que. — The scenario is common: The men leave to work on a job site, and the women stay home with the kids. The men return after a few da...

Small Fixes Won't Solve Quebec's Deep-Rooted Fiscal Problems

Charles Lammam | Posted 02.04.2015 | Canada Politics
Charles Lammam

While the government has talked the talk on taxes, it has yet to walk the walk. In fact, the fiscal update announced additional tax increases including plans to levy a temporary (until 2017) increase to payroll taxes on financial institutions such as banks and credit unions. Quebec's fiscal problems run deep so small fixes won't cut it. More fundamental reform is needed to put Quebec on the right fiscal track.

Quebec's Budget Is the Next Step in a Recovery Plan

Sean Speer | Posted 08.03.2014 | Canada Business
Sean Speer

As the saying goes, the first step is overcoming denial and the premier's recent comments suggest he understands the magnitude of Quebec's fiscal problems. The next step requires a bold plan to rein in government debt and improve tax competitiveness. The upcoming budget is a chance to move the province forward.

How Quebec Can Get its Mojo Back

Mark Milke | Posted 06.16.2014 | Canada Politics
Mark Milke

Premier-elect Couillard has pledged to "put Quebec back on the path to prosperity." As well he should. Quebec was once an opportunity-based culture, prosperous and a net contributor to Confederation. Quebec's future could once again resemble its laudable past.

Quebec Could Turn Into Greece If It Kept Loonie: Report

The Huffington Post Canada | Daniel Tencer | Posted 03.20.2014 | Canada Business

Parti Quebecois leader Pauline Marois recently suggested that an independent Quebec would keep the Canadian dollar, and would try to keep a seat on th...

Too Much Tax Kills

Michel Kelly-Gagnon | Posted 09.26.2013 | Canada Business
Michel Kelly-Gagnon

This just in: Both in France and in Quebec, the law of gravity holds! As does mathematical reality. Here as there, politicians are just now discovering a fact that some of us have been tirelessly repeating for years: Too much tax kills tax. In France, after having continually raised taxes, politicians are realizing that they have hit a wall.

The Decline of Corporate Montreal

Charles Lammam | Posted 04.02.2013 | Canada Business
Charles Lammam

Over the years, Quebec has earned a reputation as being hostile to business due to persistent anti-business policies. As a consequence, Montreal has declined as a hub for major corporate headquarters. With a lower concentration of large corporate headquarters, the city loses out on many economic benefits. The government of Quebec should take seriously the long term decline of Montreal as a major corporate hub.

Who's Got The Worst Economy In Canada?

The Huffington Post Canada | Posted 11.20.2012 | Canada Business

The regional disparities in Canada’s economy continue to widen, with resource-rich provinces outgrowing the rest of the country by leaps and bounds,...

Rachel Mendleson

Separatist Government In Quebec? The Economy Has Bigger Problems | Rachel Mendleson | Posted 09.04.2012 | Canada Business

With the Parti Quebecois poised to regain power for the first time in almost a decade — be it with a minority or majority government — some member...

5 Reasons You Should Care About Quebec's Election

CBC | Posted 11.01.2012 | Canada Politics

When the Quebec election was called at the beginning of August, it was in the shadow of protests by students caught in their own war over tuition, and...

Good News For Alison Redford, Bad News For Jean Charest

The Huffington Post Canada | Eric Grenier | Posted 03.11.2012 | Canada Politics

Though Canadians are becoming less pessimistic about the future of the economy, that is good news for only one of the two premiers preparing for an el...

Economy To Slow Down, But Recession Unlikely

CP | The Canadian Press | Posted 12.25.2011 | Canada Politics

QUEBEC - The Quebec government is revising its economic growth forecasts downward for 2011 and 2012, saying the province's economy will not be spared ...