Latest news with #FrancoisLegault
CTV News
8 hours ago
- Business
- CTV News
Hydro-Quebec CEO's compensation could approach $1 million
Hydro-Quebec's new boss will be entitled to compensation that could approach $1 million if she receives her maximum bonus. The compensation of the new CEO, Claudine Bouchard, could reach $988,500, according to information contained in a decree issued by François Legault's government. Bouchard is entitled to an annual salary of $659,000. The board of directors may also grant her a performance bonus, but this cannot exceed half the value of her salary. With this promotion, Bouchard will see her annual salary increase by 11.7 per cent compared to what she earned as chief operating and infrastructure officer. In 2024, she received an annual salary of $589,948, for total compensation of $933,362, according to the Crown corporation's annual report. The new CEO's compensation is in line with that of her predecessor, Michael Sabia, who received a salary of $663,577 and total compensation of $839,516 in 2024. In 2025, Bouchard's compensation will be determined based on the number of months she served as CEO versus her previous position. Bouchard was appointed head of the Crown corporation on July 5, following Sabia's departure, when he became the federal government's most senior civil servant. She will be responsible for steering Hydro-Quebec's massive investments, which include plans to deploy $200 billion by 2035 to increase production and improve the reliability of its network. This report by The Canadian Press was first published in French on July 23, 2025.
National Post
9 hours ago
- Business
- National Post
'Solving all the world's problems': Ford stayed up late with Carney for fireside chat at Muskoka cottage
Ontario Premier Doug Ford said he stayed up late, talking with Canadian Prime Minister Mark Carney and 'solving all the world's problems' on Monday night. Article content Canadian premiers are in Ontario's cottage country in the Muskoka region this week for a three-day summit that is coming to an end today. Carney attended the meeting on Tuesday at the Deerhurst Resort to update the premiers on trade negotiations with the United States, according to the prime minister's office. They also discussed Canadian wildfires and other major projects that were to be completed in the country. Article content Article content Facing a shifting trade landscape, the premiers and I are focused on what we can control — working together to get major projects off the ground, break down trade barriers, and build a stronger Canadian economy. — Mark Carney (@MarkJCarney) July 22, 2025 Article content At a news conference on Tuesday, Ford told reporters that he hosted Carney at his cottage the previous evening. Article content Article content 'So, full disclosure, prime minister stayed at my place. We had dinner. We're up till 12:30 at night, chatting in front of the fireplace, solving all the world's problems,' said Ford. Article content Quebec Premier François Legault, who was also at the press conference, interjected. 'And you got a very nice small chalet,' he said, winking and smiling. Article content 'Yeah, yeah, I have a little shack, down the street there,' said Ford. 'And you know what it is? I'm just telling you — and I haven't known him for long — the prime minister is just the most humble person you'd ever want to meet.' Article content Ford proceeded to praise Carney and his accomplishments, saying that the prime minister had impressive roles at institutions like Brookfield, Bloomberg, the Bank of Canada and the Bank of England. Article content 'He has never said that in the entire time I've known him,' said Ford. 'He doesn't do that. He's very humble. He listens. He's a smart business person.' Article content Article content Ford said he would tell business owners to 'hand over' the keys to their business to Carney because he's 'business-minded.' Article content Article content 'He has his hands full because of the last 10 years of what has happened in our country. He's playing cleanup right now and we're going to be there to support him. But he's a very good man. He's off to a good start. He's an honest man, too. He just wants the best for for Canada,' said Ford. Article content 'He's given it everything he possibly can. And I think that's a consensus around the table. He's trying. He's a very smart, shrewd businessman.' Article content
CBC
a day ago
- Politics
- CBC
Ford, Legault weigh in on whether Aug. 1 trade deal is realistic
Ontario Premier Doug Ford said Tuesday that he thinks it's realistic for Canada to reach a deal with the U.S. by Aug. 1, while adding that President Donald Trump is unpredictable. Quebec Premier François Legault said he's 'very anxious to see what will be presented.'
Yahoo
2 days ago
- Business
- Yahoo
Carney to brief premiers on U.S. trade discussions as Trump deadline bears down
OTTAWA — Prime Minister Mark Carney will be offering his update on trade talks with the White House when he sits down with the premiers Tuesday, while discussing their concerns as an Aug. 1 deadline for more tariffs rapidly approaches. Carney is joining the provincial and territorial premiers during their summer gathering in Muskoka, Ont. Carney is expected to offer an opening statement, but most of the meeting on Tuesday is set to happen behind closed doors. On Monday, Quebec Premier François Legault said he will tell Carney he wants protection in negotiations for supply management for the dairy, egg and poultry sectors, as well as the exemption for Quebec's cultural industries from free-trade requirements. British Columbia Premier David Eby has said he hoped Carney would kick off trade discussions by trying resolve the softwood lumber issue, which has been a trade irritant between Canada and the U.S. for decades. Carney recently said he thought it unlikely that there wouldn't be at least some tariffs in any deal struck before Aug. 1, though most of Canada's trade with the U.S. is protected by the Canada-U.S.-Mexico Agreement (CUSMA( that exempts most of the goods and services crossing the border. So far, Trump has imposed tariffs of 50 per cent on steel and aluminum; 25 per cent tariffs on goods, automobiles and automobile parts not covered by the CUSMA trade deal; and 10 per cent tariffs on energy. He is now threatening to impose a 35 per cent blanket tariff on Aug. 1 Canada has so far retaliated with counter tariffs on billions of dollars worth of American exports, but Carney is holding off on further measures pending the result of ongoing negotiations by the end of the month. Saskatchewan Premier Scott Moe said he has 'never been a big proponent of increasing countertariffs' and would rather try to find a way to get the White House to renew CUSMA, which is due to begin its mandated review in 2026. Moe also signalled he is prepared to live with some level of tariffs for the time being. 'We won't get to zero on each and every topic. The goal is to get as close as zero on as many items that we possibly can. I know that's the prime minister's goal as well,' he said. Whatever the outcome of the deal is — tariffs or no tariffs — Legault said he will ask Carney to make sure there is a specific time frame to add more certainty for businesses. Speaking in Hamilton, Ont. last week, Carney said his team was 'in the midst of long now and tough negotiations with the United States, and… working for the best deal for Canada.' 'Part of the reason why we don't have a deal is that deal is not yet on the table,' he said. National Post calevesque@ U.S. senators meet with Carney, push to 'reinvigorate' CUSMA ahead of Trump deadline U.S.-Canada trade talks back underway as Trump's wish list, from oil to DEI, keeps growing Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our newsletters here.
National Post
2 days ago
- Business
- National Post
Carney to brief premiers on U.S. trade discussions as Trump deadline bears down
OTTAWA — Prime Minister Mark Carney will be offering his update on trade talks with the White House when he sits down with the premiers Tuesday, while discussing their concerns as an Aug. 1 deadline for more tariffs rapidly approaches. Article content Carney is joining the provincial and territorial premiers during their summer gathering in Muskoka, Ont. Carney is expected to offer an opening statement, but most of the meeting on Tuesday is set to happen behind closed doors. Article content Article content Article content On Monday, Quebec Premier François Legault said he will tell Carney he wants protection in negotiations for supply management for the dairy, egg and poultry sectors, as well as the exemption for Quebec's cultural industries from free-trade requirements. Article content Article content British Columbia Premier David Eby has said he hoped Carney would kick off trade discussions by trying resolve the softwood lumber issue, which has been a trade irritant between Canada and the U.S. for decades. Article content Carney recently said he thought it unlikely that there wouldn't be at least some tariffs in any deal struck before Aug. 1, though most of Canada's trade with the U.S. is protected by the Canada-U.S.-Mexico Agreement (CUSMA( that exempts most of the goods and services crossing the border. Article content So far, Trump has imposed tariffs of 50 per cent on steel and aluminum; 25 per cent tariffs on goods, automobiles and automobile parts not covered by the CUSMA trade deal; and 10 per cent tariffs on energy. He is now threatening to impose a 35 per cent blanket tariff on Aug. 1 Article content Article content Canada has so far retaliated with counter tariffs on billions of dollars worth of American exports, but Carney is holding off on further measures pending the result of ongoing negotiations by the end of the month. Article content Article content Saskatchewan Premier Scott Moe said he has 'never been a big proponent of increasing countertariffs' and would rather try to find a way to get the White House to renew CUSMA, which is due to begin its mandated review in 2026. Moe also signalled he is prepared to live with some level of tariffs for the time being. Article content 'We won't get to zero on each and every topic. The goal is to get as close as zero on as many items that we possibly can. I know that's the prime minister's goal as well,' he said. Article content Whatever the outcome of the deal is — tariffs or no tariffs — Legault said he will ask Carney to make sure there is a specific time frame to add more certainty for businesses. Article content Speaking in Hamilton, Ont. last week, Carney said his team was 'in the midst of long now and tough negotiations with the United States, and… working for the best deal for Canada.' Article content 'Part of the reason why we don't have a deal is that deal is not yet on the table,' he said. Article content
