Quebec companies trading on the TSX

Following up on my previous post that I predict the Bloc Québécois will be the big winner in the 2019 election, it makes me wonder about Quebec-listed Canadian companies.

It is likely that in a Liberal minority government situation, they will require on the implicit support of the BQ in order to maintain power in government. Hence, there will be subsidies galore, in addition to Quebec-friendly policies.

Attached is a table of the 80 TSX-listed companies with Quebec headquarters. The list is a bit too much to go into any individual detail, but there are a few interesting ones here. For instance, who wants to speculate the SNC-Lavalin’s problems will magically disappear overnight? They solved most of their balance sheet problems with the partial sale of the 407 Freeway. How about Bombardier and their perpetual reliance on government subsidies to function? The list goes on and on! To make this even spicier, my largest undisclosed equity position is in the following list (completely unrelated to the thesis that the winds of the federal government are behind the backs of Québecers, although it’s certainly a bonus!).

Bonne Chance!

TSX Listed Companies from Quebec