
Legault Defends Hands-On Economy, Boosts Jefo Nutrition
About this episode
Quebec Premier François Legault defends his hands-on economic approach, highlighting a $120M loan to Jefo Nutrition, supporting over $250M in investments and creating 150 jobs. He praises past leaders tools and points to real gains, like reducing Quebecs wealth gap. The support for Jefo includes a forgivable loan if jobs materialize, addressing global pressures and leaving a legacy of economic momentum.
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Vancouver News Today | 2 Min News | The Daily News Now! — Legault Defends Hands-On Economy, Boosts Jefo Nutrition. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Quebec premier François Legault used a funding announcement in St. Hyacinthie to strongly defend his hands-on economic approach. With just two weeks left in his term, he highlighted a $120 million loan to Jeff O. Nutrition, a company making animal feed, supplements. The aid supports over $250 million in investments, including new production lines, a factory, and a poultry research center that should create 150 jobs. Legault pushed back against critics, including his potential successor, who favor less government involvement. He argued that people oversimplify by pitting business aid against health care funding, saying it does not work that way. He praised past leaders like Jean-Lessage, Jacques Perrezzo, and Bernard Landrie, for tools such as the quesadet de poise and investor-semin Quebec. Many have questioned his style, but Legault pointed to real gains, like shrinking Quebec's wealth gap with the rest of Canada from 20 percent to 14 percent.
His government outperformed Ontario and other provinces in growth over seven years, a point of pride as he wraps up. The support for Jeff O. includes a smart twist. $10 million becomes forgivable if the jobs materialize, bringing in tax revenue. This family business, around since 1982, exports 75 percent of its products to 80 countries and faces competition from. U.S. subsidies. Legault's message underscores the need for bold state action to keep Quebec companies strong amid global pressures, leaving a legacy of economic, momentum for the next team. That wraps Vancouver News today, brought to you with AI. I'm Cory with The Story.
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