📰Montreal Gazette: What if Quebec Separates?
A READER ASKS:
I’m a Quebec resident and I have a lot of personal savings and investments through various Canadian bank accounts. How can I protect this money and keep it in Canadian currency and out of Quebec in case the province separates?
MY ANSWER:
Political uncertainty creates emotional reactions. Investing requires the opposite.
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If Quebec were ever to separate from Canada, the immediate risks to household finances would include:
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Uncertainty around old age security and the Quebec Pension Plan.
Worries over currency arrangements.
Pressure on Quebec real estate prices.
Volatility in Quebec-based businesses and financial institutions.
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