Montréal, March 15, 2019 – Before members of the Chamber of Commerce of Metropolitan Montreal, Gaétan Morin, President and CEO of Fonds de solidarité FTQ, made his first assessment of the strategic planning announced in April 2016.
“Three years ago, I promised that the Fonds de solidarité FTQ would invest $3 billion in Québec businesses by 2020,” recalled Mr. Morin. “Then our teams got to work and made investments of $2.8 billion in businesses of all sizes and in all sectors and regions of Québec. Given our investment pace, I’m proud to announce that we’re going to exceed our objective!”
Highlights include:
- $760 million in Québec’s sectors of excellence, which include aerospace, agrifood, forestry products and life sciences ($240 million planned);
- $344 million to help Québec businesses with their innovation projects ($120 million planned);
- $329 million to acquire blocks of shares in Québec listed companies ($500 million planned over 5 years).
About Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a capital development fund that channels the savings of Quebecers into investments. With $14.8 billion in net assets as at November 30, 2018, the Fonds has helped create and protect over 194,000 jobs. The Fonds has more than 2,800 partner companies and 667,000 shareholder-savers.