Well, what do you know? The Quebec business community is wary of the new Parti Québécois government, and not merely due to language restrictions. In today’s The Gazette, Michel Leblanc, president and CEO of the Board of Trade of Metropolitan Montreal commented:
Some elements of the Parti Québécois program worry the business community, notably certain fiscal proposals that, if adopted, would contribute to overtaxing Quebec entrepreneurs and hinder their competitiveness in the North American environment.
In particular Quebec’s mining industry seems to be earmarked for change by Marois.
The Quebec mining industry, from which Marois proposed to extract $300-million-plus in new royalties on production and profits, clearly was feeling a bit uncomfortable.
Dominique Dionne, chairman of the Association Minière du Québec, said the industry is hoping to meet soon with the new government to “shed some light on issues our industry is facing in Quebec.
”She said Quebecers rightfully have high expectations of its mining industry, but some of the PQ proposals were “high risk,” particularly at a time when there is downward pricing pressure on metal prices.
Basing royalties on production without consideration of factors like price will not encourage investment, she said.
Aside from fears of tightening the language laws, these economy-altering platform planks of the Parti Québécois certainly do not provide a warm and fuzzy feeling for potential investment in the province.
Perhaps those who voted PQ on Tuesday just to shake things up a bit and send the Liberals a message will now realize that you don’t actually have to have a referendum, the mere threat of one will suffice to make investors edgy.
In addition, all provinces and states etc. need to sell themselves to potential outside investors. With Marois’ limited English will she be able to do this?
Finally the tragic shooting at the Metropolis. I was encouraged by the reactions in the media that the shooter was a lone nut case who in no way represents the Anglophone community any more than the bigots harassing the English-speaking youths downtown on the recent viral You Tube represent the Francophone community.
My condolences to the victim’s family.