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

Supreme Court Dismisses Chevron Appeal In Ecuador Environmental Damages Case

The 7-0 ruling allows the case to proceed in Canada, but it makes no finding on the merits of the long-running legal saga that has played out in courtrooms across the Western Hemisphere.

Supreme Court Dismisses Chevron Appeal In Ecuador Environmental Damages Case

Photo Project With The New Yorker Magazine Features Residential School Survivors

International photojournalist Daniella Zalcman has partnered with The New Yorker magazine to show her project on Canada's residential school survivors.

Photo Project With The New Yorker Magazine Features Residential School Survivors

Manitoba Government Adds Support Money For Syrian Refugees

Premier Greg Selinger says an extra $40,000 is being given to settlement service providers in the province, so that they can accommodate hundreds more refugees in the coming months.

Manitoba Government Adds Support Money For Syrian Refugees

First Byelection Since NDP Victory In Alberta Goes To Wildrose Party

Wildrose Leader Brian Jean, a former Conservative MP under Harper, told party supporters to take a short breather before getting back to the campaign grind.

First Byelection Since NDP Victory In Alberta Goes To Wildrose Party

Conservative Yukon Election Candidate Makes Late-night Arrest Of Sign Vandal

WHITEHORSE — A Conservative federal election candidate in Yukon donned in camouflage gear emerged from the bush on a dark, rainy night to catch someone vandalizing his campaign signs.

Conservative Yukon Election Candidate Makes Late-night Arrest Of Sign Vandal

Judge Reserves Decision On Challenge Of Montana's Execution Methods

CALGARY — A judge has reserved his decision on a constitutional challenge of Montana's execution methods that is likely to impact a Canadian on death row there.