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Parti Québécois Leader Pauline Marois speaks to the press at City Hall in Montreal on March 16, 2014.
Parti Québécois Leader Pauline Marois speaks to the press at City Hall in Montreal on March 16, 2014.
(CHRISTINNE MUSCHI/REUTERS)

How markets would react to another referendum

It’s been almost 20 years since the last Quebec referendum on independence – one that turned out to be so close that only about a percentage point separated the “Yes” and “No” sides.

Now the issue has bubbled to the surface again as the Parti Quebecois seeks to gain a majority government in the upcoming April 7 election. I’m already hearing talk from some Anglophones that they plan to leave the province if the PQ wins. And questions have started to come in about what effect the election and a subsequent referendum would have on the markets.