IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 19 Sep 2012 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

As reported in the Canadian press, the newly installed Parti Québécois-led government in Quebec pledged in the 2012 campaign to enact 'a major shift' in economic policy, and seeks to keep corporate headquarters in the province in the face of buyouts. Premier Pauline Marois said on September 19, 2012 that the role of Quebec's pension fund should be strengthened to keep corporate headquarters in the province. One aspect of this policy is to utilize the $165.7 billion in assets of the provincial pension fund manager (Caisse de dépôt et placement du Québec). Under existing law the fund has a dual mandate to obtain high returns for its depositors and to promote economic development. The aim of government is to emphasize the second mandate, which one columnist characterized as 'using depositor money to shield Quebec's corporate darlings from outside predators and invest in promising sectors of activity.' This reportedly includes a plan to create a $10-billion fund for Quebec-based investments, including investment in 25 strategic Quebec companies to give the pension fund a 'blocking minority' stake that would allow it to to help counter hostile takeovers.

AFFECTED COUNTRIES

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