U.S. Tariffs: Fonds de solidarité FTQ Offers Deferrals on Principal and Interest Payments

Montréal, February 3, 2025

Following consultations with its partner companies, the Fonds de solidarité FTQ is announcing an initial measure to mitigate the potential impact of U.S. tariffs. 

To alleviate the short-term financial pressures faced by businesses within its network affected by U.S. tariffs, including the Fonds régionaux de solidarité FTQ, the Fonds is offering its portfolio companies a six-month deferral on loan interest and principal payments.

"The Fonds de solidarité FTQ considers it important to promptly support Québec businesses and workers in times of economic uncertainty. The aim of this initial measure is to provide our portfolio companies with financial flexibility to manage the impact of U.S. tariffs," said Fonds President and CEO Janie C. Béïque.  

"Our teams have already reached out to those who will be affected by U.S. tariffs and will do their utmost to meet their needs as the situation evolves in the weeks and months ahead," said Dany Pelletier, Executive Vice-President, Private Equity and Impact Investing, at the Fonds.

"The staff at the 17 Fonds régionaux de solidarité FTQ offices are diligently working to support our partner companies in mitigating the impact of the U.S. measures. We will support our regional SMEs that export to the U.S.," said Luc Pinard, President and CEO of the Fonds régionaux de solidarité FTQ.

Partner companies seeking more information are invited to contact the person responsible for their file within the Fonds network or write to the Fonds at entreprise@fondsftq.com.

The Fonds will continue to collaborate closely with the governments and its partner companies, announcing additional measures as needed. 

About the Fonds de solidarité FTQ 

The Fonds de solidarité FTQ is a source of pride in Québec, fulfilling its mission through a unique business model created more than 40 years ago. Since then, the Fonds has rallied Québec into action thanks to the retirement savings of 795,374 shareholders. 

With net assets of $21.7 billion as at November 30, 2024, the Fonds supports nearly 4,000 companies through direct and indirect venture and development capital investments based on the belief that impact is created as much by financial as societal returns. For more information, visit fondsftq.com or our company page on LinkedIn.