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Quebec's Minister of Finance Nicolas Marceau speaks as he presents his budget at the National Assembly in Quebec City, February 20, 2014.
Quebec's Minister of Finance Nicolas Marceau speaks as he presents his budget at the National Assembly in Quebec City, February 20, 2014.
(Jacques Boissinot/Reuters)

Protectionism will hurt Quebec firms, not save them

The Parti Québécois government has come up with a sure-fire way of driving down the value of corporate assets in the province, entrenching existing managers and directors of public companies and weakening shareholder rights. And all that to give listed companies more firepower to fend off unwanted suitors.