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

Green Party Unveils Campaign Platform With Billions In Promises, Without Deficit

The Greens were the first of the federal parties to unveil their platform before the Oct. 19 election.

Green Party Unveils Campaign Platform With Billions In Promises, Without Deficit

Group Were Playing Around Before School Bus Hit And Killed Teen: Witness

The videotape testimony came on the second day of the trial of a 15-year-old boy charged with criminal negligence causing death.

Group Were Playing Around Before School Bus Hit And Killed Teen: Witness

Ontario First Nations Chiefs Raise Funds To Pay For Inquiry Into Missing Women

First Nations Chiefs in Ontario are launching an online fundraising campaign to pay for their own public inquiry into missing and murdered aboriginal women.

Ontario First Nations Chiefs Raise Funds To Pay For Inquiry Into Missing Women

Family, Friends Gather To Remember University Student Police Say Was Murdered

William Sandeson, a 22-year-old varsity track athlete who was about to start classes at Dalhousie's medical school, was charged with first-degree murder on Aug. 20, four days after Samson was reported missing.

Family, Friends Gather To Remember University Student Police Say Was Murdered

Provincial Calls For More Syrian Refugees Misses Money Question: Expert

University of Toronto sociology professor Monica Boyd said such requests amount to asking the federal government to pay the tab — about $35,000 per refugee family in the first year.

Provincial Calls For More Syrian Refugees Misses Money Question: Expert

Bank Of Canada Keeps Key Rate On Hold At 0.5 Per Cent As Resource Sector Adjusts

OTTAWA — The Bank of Canada kept its key interest rate on hold at 0.5 per cent on Wednesday and said the country's resource sector continues to adjust to lower prices for oil and other commodities.