The prime minister said the possibility of a future separation referendum doesn’t lessen the urgency of acting now to strengthen Quebec’s economy within Canada’s: “This is not a time to wait for something a few years down the road,” Carney said in Ottawa. Quebec’s premier-designate Paul St-Pierre Plamondon’s Parti Québécois won 59 National Assembly seats Monday—five short of a majority but enough to form a minority government—with just 28 per cent of the vote provincewide. (The Logic)

Talking point: St-Pierre Plamondon has promised a separation referendum once U.S. President Donald Trump is out of office. After eight years in power, the Coalition Avenir Québec was completely wiped out, despite winning about 13.3 per cent of the vote; the left-wing separatist party Québec Solidaire won nine seats, enough to hold the balance of power, with 12.4 per cent. The risk premium on Quebec government bonds nevertheless faded. 

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