[The Quebec government has just announced its intention to merge the Société générale de financement (SGF) and Investissement Québec, two government corporations that aim to stimulate the growth of businesses in the province. The debate that has begun over this reform offers the perfect occasion for evaluating the historical results of the SGF.]
[A closer look at the SGF’s historical results, however, suggests that a mere merger is not good enough. The SGF has sustained losses one out of every three years since it began operations. Moreover, both the frequency and the size of those losses have increased substantially over the past 10 years. The SGF has lost money during six of the last 10 fiscal years, which translates into a negative balance of $1.07-billion over this period.]
http://opinion.financialpost.com/2010/10/06/merger-not-enough-for-sgf/
crédit: @iedm_montreal
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