Quebec minister resigns over RONA deal

QUEBEC CITY — Quebec Transportation Minister Jacques Daoust has announced his resignation to La Presse, after Premier Philippe Couillard declined to reiterate confidence in him. Daoust has come under fire for his involvement as economy minister in giving the Investissement Quebec agency the green light to unload its shares in RONA, thereby forfeiting the chance to block the shareholder supermajority needed to approve the company’s sale to Lowe’s.

Daoust has steadfastly denied either approving the share dump or being in the loop on the sale of RONA, but an email exchange uncovered by TVA Nouvelles reveals his then-Chief of Staff Pierre Ouellet gave Investissement Quebec the minister’s blessing to sell the shares, corroborating the findings of a report released by the Quebec’s auditor general in June.

 

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