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ARTICLE · 10 DECEMBER 2018

Quebec 2018 Fall Economic Update

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This acceleration of debt repayment will generate interest savings of $332 million over five years.

CanadaFinance and Banking

On December 3, 2018, Quebec's Minister of Finance Eric Girard, under the newly elected Coalition Avenir Quebec government, provided a fall economic update geared at putting money back in the pockets of Quebec families and seniors, as well as harmonizing recent federal measures aimed at encouraging acceleration of business investment, (through increased capital cost allowance rates) and continuing efforts to fight climate change.

"Today, we are starting to deliver on our promises to families and seniors. My government is not going to disregard Quebecers' financial means. The new government is going to strike a balance between services and Quebecers' financial means, particularly those of families and seniors. This economic update contains measures to spur business investment and create well-paid jobs, but our first steps, our first financial decisions, are aimed at helping families and seniors."

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