Private investment has dropped 90% says CAQ

Posted By: Jason Mayoff · 4/17/2013 2:50:00 PM

Private investment in Quebec has plummeted by 90 percent since the Parti Quebecois has come to power, says François Legault's Coalition.

"Programs that have been put in place by the Parti Quebecois, they don't give results," says Legault.

The CAQ says it's tallied up the value of all the announcements made by the finance ministry and Investment Quebec for the past seven months.  Then, it compared it to announcements made over the same time period the year before.

The CAQ says Quebec drew $1.4 Billion  worth of private investments between September 2011 and April 2012. But, it says since the PQ has been in place that number has dropped to $153 Million.

The finance minister says Legault's numbers are wrong. "Those figures do not hold up," says  Nicolas Marceau. "The figures that were presented during (this spring's) spending estimates show the complete opposite."

Marceau's office says it will produce its own numbers on the subject by the end of the day.

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  1. Chris posted on 04/17/2013 03:38 PM
    And the only people shocked to know about this is or didn't know this would happen is ? Can we please either seperate and show those naive people that it won't work , or move forward with positive issues that truely matter .
  2. Le Québécois posted on 04/17/2013 03:56 PM
    When you sell Quebec for a dime like Charest you're bound to have more investments coming but sometimes it's not worth it.

    Of course anglo-supremacists and rhodesians here will use this as a political tool to promote their hatred of the imposed Quebec "french fact" (which hinders the natural course of Quebec which is assimilation, their secret dream...) and link all the problems of Quebec to Bill 14.

    Here we go again... so predictable !
    1. LMAO posted on 04/18/2013 07:07 AM
      @Le Québécois REALLY - while the PQ, continue fiddle while Rome burns like a junkie fixated on the next high, Ontario and the ROC must be elated at the PQ's stimulus plan for them. If Charest sold it for a dime on the dollar you are lucky there is no pennies anymore.
      Your comments just expose you as either a fool or you are in self denial of the PQ destroying your families future for generations to come regardless of whether Quebec is a province or an independent state.
    2. coeur de spaghat posted on 04/18/2013 08:56 AM
      @Le Québécois Yes the reaction is predictable because it's true. French canadians in quebec suffer the most though. Theirs are the futures that are sacrificed. Theirs are the children who will live in an isolated society. They are the ones who's rights are restricted the most. All in the name of fear of English, excuse me, English. Very predictable.
  3. Joe posted on 04/17/2013 05:43 PM
    1. Harpo posted on 04/18/2013 10:23 PM
      @Joe Maybe he would prefer to be called L'Independentiste" ?
    2. Le Québécois posted on 04/21/2013 07:28 PM
      @Joe If language laws are the problem then how come Ontario is in so much deficit ?
      How come Ontario lost more "anglophones" then Quebec to other places like Alberta ?

      Don't confuse modern economics with your disdain for living in Quebec as a canadian caught in the nostalgia of the past where english "ruled" the place. There was a lot of business in Montreal but french people were not included in that prosperity. If you want read a book about tranquil revolution.
  4. clint posted on 04/17/2013 06:05 PM
    "Marceau's office says it will produce its own numbers on the subject by the end of the day.".....I'm sure their numbers will show it's only 85% drop....nothing to worry about....move along.
  5. Terry C. posted on 04/17/2013 06:35 PM
    I would like to take some of the credit for this! I have been telling the social media not to invest in Quebec while we have a racist government in power... I have pulled my local stocks, and will not support anything in the province, and I tell people to do the same.

    If I could, I would not pay any taxes here too, so that they would stop wasting our tax dollars on pure and utter stupidity!

    If everyone did the same thing, Quebec would be broke fast and the PQ would have not choice but to step down as failures!

    Shop in the USA or Cornwall, invest only in the US Companies, and do business elsewhere that you feel welcome!
    1. Steve posted on 04/18/2013 01:20 PM
      @Terry C. Totally agree with you, I've started shopping in the states as well as other Canadian provinces on the net. Most of the stores charge me one tax (GST) and that's it. No more giving my hard earned money to this government. Me too if I could stop paying my taxes I would. I'M tired of them using it for their language police and instead invest it in the health system (hospitals).
  6. Buddy O posted on 04/17/2013 07:41 PM
    I'm actually surprised that there has been that much investment here ($153 M). Most smart people will not invest in an uncertain society or country. I mean, who in their right mind would invest in a place like Syria for example, that boasts a 17% "disapproval" rating. It would be interesting to see what the rating is in Q-bec. If were a person with money to invest, I sure would not touch this place until the poltical and linguistic unrest is resolved.
  7. ronh posted on 04/17/2013 10:04 PM
    The dollar is meeker than a mouse : no one invests when political and social instability is in the air. The economic downward spiral has been self evident for the last 40 years.
    The economic arguments are one thing, but perhaps even more important is to highlight the renunciation of ethics, morality, social responsibility (to all ), and basic human values and respect that has been fostered and promoted by our governments over the years and especially the P.Q. and their supportive hard-line groups.
  8. LMAO posted on 04/17/2013 10:41 PM
    The finance minister says Legault's numbers are wrong. "Those figures do not hold up," says Nicolas Marceau. "The figures that were presented during (this spring's) spending estimates show the complete opposite." Marceau's office says it will produce its own numbers on the subject by the end of the day.

    I'm surprised the figures are as high as the CAQ posted but lets see what the Marceau the Magician can pull out of his hat today. It's not very re-assuring when the minister does not know what is going on in his own department but as we already know math is not their strongest asset.
    The sad thing is that these figures are bad enough without all the job losses encountered since last October.
  9. maria posted on 04/17/2013 11:26 PM
    Wer is Marceau going to produce them from, a hat? How different can the numbers be,
    90% is quite a high number. He is going to produce numbers from a hat and he talks from his a... - This guy Marceau has no clue - He should make sure his brain is working before his mouth starts moving. This whole province is going down the sewer , this bill 14 hearing is a complete circus - It is like the Harry potter movie and Diane Courcy is Umbridge at the ministry of magic. So this whole PQ ministry think they are smarter than the 1) bar association 2) quebec human rights commission 3) Chamber of commerce 4) Quebec city Mayor 5) School boards 6) and on and on... I guess the only equal they have are certain unions which agree with bill 14. Wow is Marois actualy aware of what is going on , because I can not believe she is and allowing this to continue.
  10. patty posted on 04/18/2013 06:59 AM
    Look don't just write a note here... write your comments on PQ Face BOOK page and on their WEB SITE. do it about 15 times a day, get your peeps to do it too. FLOOD THEM with reality. Think if it as a small contribution but a valued one because some idiot has to go over their wall and web site and remove the comments. Keep them busy doing mundane stuff and like any training repeating tasks, s the truth will leak into the PQ's muddled minds.
  11. Barcham posted on 04/18/2013 02:04 PM
    Well....the day ended and a new one is more than half over. Where oh where are Marceau's numbers?
    1. LMAO posted on 04/18/2013 11:38 PM
      @Barcham He was last seen scurrying around the parliament building looking for the rabbit to pull out of his hat.
  12. Bram Frank posted on 04/18/2013 05:02 PM
    So, it's more than a day later . . . where ARE those numbers that the finance minister claims will refute the claim?
  13. J.S. posted on 04/19/2013 06:04 AM
    Mr. Legault criticizes the P.Q. by saying that investments are down by 90% but sits on the fence concerning bill 14. The CAQ knows what it has to do but tries to please the hardliners as well as smart majority of the population . VOTE down this crap Mr. Legault while this province still has a heart beat. This beautiful province is about to flat line . 40 years of bull**it is more than anyone can tolerate.
    1. Joe posted on 04/19/2013 10:12 AM
      @J.S. Problem is Legault is caught between a rock and a hard place. To get to win some seats in the election he had to mix and match his party (yes and no) and his platform. So now he knows if he votes this bill down he will be blown out of the water with the voters that are riding this so called fence, then if he votes for it he will lose the voters that got convinced he would vote against this type of BS. Another thing he has to watch because of this mix and mash in his party whichever way he goes his party will self implode because he is screwing either one or the other.
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