National

Parti Quebecois Leader Pierre Karl Peladeau Says Quebecor Shares Put In Trust

The Canadian Press, 10 Sep, 2015 12:30 PM

QUEBEC — Parti Quebecois Leader Pierre Karl Peladeau says he is placing his controlling shares of Quebecor Inc. into a trust administered by a well-known financier.

Peladeau says the trust must be approved by federal telecommunications authorities.

The PQ leader has come under intense criticism from his political opponents who accuse him of being in a conflict of interest for holding office and being the controlling shareholder of Quebec's dominant media company.

Premier Philippe Couillard has said Peladeau must choose between business and politics while third-party leader Francois Legault has urged him to sell the shares.

Peladeau wrote on his Facebook page today the trust will be administered by Claude Beland, a former president of the Mouvement Desjardins financial co-operative, as well as lawyer James A. Woods and businessman Andre P. Brosseau.

The PQ leader added he signed a declaration stating he wouldn't intervene in the editorial direction of the news properties owned by Quebecor (TSX:QBR.B).

Prev Next

MORE National ARTICLES

Pension Managers Must Consider Climate-Change Risks: Legal Study

A legal study says climate change is one of the biggest risks faced by Canadian pension plans and trustees will be increasingly forced to take it into account.

Pension Managers Must Consider Climate-Change Risks: Legal Study

Economists Expect Bank Of Canada To Hold Its Key Rate At 0.5 Per Cent

The Bank of Canada is expected to keep its key interest rate on hold Wednesday following a string of better than expected economic data.

Economists Expect Bank Of Canada To Hold Its Key Rate At 0.5 Per Cent

Chemicals, Materials Used In Drug Labs Found At Suspicious Surrey Fire

The fire started just after 9 a.m. Monday at a rural property on 40 Avenue, near 157 Street.

Chemicals, Materials Used In Drug Labs Found At Suspicious Surrey Fire

Goal Near For Western Canada March To Remember Missing, Murdered Women

A difficult trek aimed at raising awareness of a tragic problem is less than a week from its conclusion as participants of the Walk for All Missing and Murdered have reached Terrace, B.C.

Goal Near For Western Canada March To Remember Missing, Murdered Women

Art Or Science? Don't Ask, Says Renowned Canadian Dinosaur Painter

His portraits are so compelling you can almost hear his subjects tramp through the forest and smell their heaving breath.

Art Or Science? Don't Ask, Says Renowned Canadian Dinosaur Painter

SPCA Wants Quebec To Ban Keeping Dogs Tied Outside Around The Clock

The Montreal SPCA is asking the Quebec government to ban keeping dogs chained around the clock as part of an upcoming overhaul of the province's animal-rights legislation.