Quebec Economic Crisis Essay

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uebec cannot separate from Canada because the loss of economic support, the high cost of separation and building of diplomatic relations for Quebec.
Initially, Quebec is no longer getting economic support from the Canadian government after their separation. It will cause Quebec’s economic problems since Quebec’s economic crisis in the past. Quebec was in economic trouble since 2007, and the debt was expected by $127 billion in 2008. Quebec’s government was tried to afford the heavy payments, therefore Prime Minister Stephen Harper carried out “fiscal imbalance” in March 19, which transferred $2.2 billions more each year to help Quebec deal with this economic crisis. From that time, federal economy subsidy has become the important part of …show more content…

Canada has rich resources and industries, which cover most markets in Quebec. Quebec shares the rich wealth and trade with Canada, which creates a great situation for Quebec to develop in mutual benefit and cooperation. (Patrick Grady, 1991) There are about 130 important Canadian companies locate lied in Quebec, which are worth $1.13 in sales and provides 5,700 jobs for Quebecers. For example, in food-processing areas, Pepsi is a type of popular non-alcoholic drinks, La Maison Bergevin is a company to do a deep process of vegetables and fruits and Baked goods are Biscuits Leclerc and Multi-Marques, etc. (Quebec International) Quebec needs to buy Canadian industries in Quebec to keep an independent economy, which will be a huge cost. Or Quebec’s economy still will be controlled by Canadians, which Quebec’s separation will be unnecessary. From Quebec’s separation, Quebec and Canada want to continue trading that Canada has to negotiate with Quebec. If the negotiation is not successful that will lead to a trade war. However, if Quebec loses these money that bring new economic troubles and pressure on the Quebec government, and after that Quebec does not have enough money to build a new

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