Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

File photo of Jean-Claude Scraire.

Former Caisse de dépôt et placement du Québec head Jean-Claude Scraire has been appointed chairman of the board of Investissement Québec.

Mr. Scraire stepped down as chairman and chief executive officer of the Caisse in 2002, three years shy of completing his 10-year mandate at the giant public pension fund manager.

The Parti Québécois government of Premier Pauline Marois selected Mr. Scraire to replace Jean Bazin, who had six months left on his contract.

Story continues below advertisement

The government announced plans earlier this year to transform the mandate of Investissement Quebec, the province's investment arm and economic development agency.

Quebec is merging all of its venture capital funds, startup funding and business assistance programs under one umbrella organization, called the Quebec Economic Development Bank.

The new organization will largely be managed by the current staff of Investissement Quebec.

It is to take a major role in boosting regional development as well as promoting activity in key sectors such as oil and natural gas exploration and mining.

The new development bank is to be the financial arm of Quebec's new industrial and manufacturing policy, to be unveiled this fall.

Mr. Scraire headed up the Caisse at a time when it suffered huge losses in the meltdown of the technology and telecom sectors.

It was also under his watch that the Caisse blocked a friendly merger between Rogers Communications Inc. and cable company Groupe Vidéotron ltee, backing instead a hostile bid by Quebecor Inc.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies