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CA



Quebecor Inc
Symbol QBR
Shares Issued 83,724,692
Close 2015-09-03 C$ 27.72
Market Cap C$ 2,320,848,462
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Globe says Quebecor heir looks for Caisse's NHL support

2015-09-04 07:57 ET - In the News

The Globe and Mail reports in its Friday edition more than 170,000 people have signed up for tours in Quebec City's new Videotron Centre which began Thursday. The Globe's Konrad Yakabuski writes the 18,500-seat ice palace is sold out for next week's inaugural junior hockey game. Without an NHL team to keep fans in the seats, however, the arena will be an albatross for the municipal and provincial taxpayers who have footed nearly all of the $370-million construction bill. The proposal to return professional hockey to Quebec City is getting more expensive by the day. The Canadian dollar has slid more than 25 per cent since Quebecor began assembling its bid, adding at least $165-million to the minimum $500-million (U.S.) price tag. That may explain why Quebecor controlling shareholder Pierre Karl Peladeau all but invited the Caisse to become an investor in his company's hypothetical hockey franchise. The PQ leader/Quebecor heir's remarks provided fodder for Liberals eager to underscore the untenability of his current situation. "He's commenting about the fact that the Caisse de depot could invest in his business, his own business. That is what you call a conflict of interest," Liberal MNA Jean-Marc Fournier charged.

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