Frédéric Tomesco

CDPQ expects the cutbacks to generate annual savings of about $100 million from processes, resources and systems.

The province had 167,435 temporary work permit holders in 2023, almost four times as many as in 2015.

Temperatures are expected to fall by about 10 to 15 degrees over the course of a few hours as a vigorous cold front sweeps across the province Wednesday evening.

Finance Minister Eric Girard is grappling with arguably the worst set of economic conditions since the early days of the COVID-19 pandemic.

"If we're not careful, the Joe Beefs of this world are going to disappear," Pablo Rojas says. "We're going to lose the cachet that makes our city what it is.”

Reduction in business tax credits will be the single biggest contributor to the effort. Finance Minister Eric Girard also wants state-owned enterprises to find $1 billion in savings.

Energy availability has emerged as a major issue as Quebec tightens approval criteria amid soaring industrial demand.

Efficiencies of $2.9 billion will be generated in other ways, the finance minister said Monday.

Including acquisitions, the French building-products maker is investing about $3 billion in Canada over three years, CEO Benoit Bazin said.

If climate change forces production to migrate north to regions like Saguenay—Lac-St-Jean, government intervention will be crucial.