Skip to content

Canada's Business and Tech Newsroom

  • Professional Subscription
  • Partnerships & Advertising
  • Licensing & Syndication
Log In Subscribe
Welcome,
  • My Account
  • Log Out
  • Business
  • Tech
  • National
  • The Big Read
  • Briefings
  • Commentary
Search
Log In Subscribe
Welcome,
  • My Account
  • Log Out
Commentary: Quebec Ink

Mired in controversy, province’s economic minister Fitzgibbon remains defiant

MONTREAL — Pierre Fitzgibbon’s dubious stroll into Quebec’s history books took roughly two minutes. 

On Nov. 12, Quebec’s National Assembly voted on a motion to censure Fitzgibbon, the province’s minister of economy and innovation, for “placing himself in a situation where his personal interest could influence his independence of judgment in the exercise of his office,” as Quebec’s ethics commissioner wrote in a report. After a fanfare-free roll call, the motion passed, marking the first time in Quebec’s parliamentary history that its National Assembly sanctioned a government minister.

Commentary: Quebec Ink

Mired in controversy, province’s economic minister Fitzgibbon remains defiant

By Martin Patriquin
Quebec Economy Minister Pierre Fitzgibbon at a news conference in Quebec City in April 2020. Photo: The Canadian Press/Jacques Boissinot
Apr 12, 2021
A A
A Small A Medium A Large
Share

Gift

Share

MONTREAL — Pierre Fitzgibbon’s dubious stroll into Quebec’s history books took roughly two minutes. 

On Nov. 12, Quebec’s National Assembly voted on a motion to censure Fitzgibbon, the province’s minister of economy and innovation, for “placing himself in a situation where his personal interest could influence his independence of judgment in the exercise of his office,” as Quebec’s ethics commissioner wrote in a report. After a fanfare-free roll call, the motion passed, marking the first time in Quebec’s parliamentary history that its National Assembly sanctioned a government minister.

Talking Point

Quebec’s ethics commissioner has written no less than three reports tut-tutting Economy and Innovation Minister Pierre Fitzgibbon for various ethical lapses, including his shares in New York-based technology investment firm White Star. But Fitzgibbon doesn’t seem to be going anywhere, in large part because he has a staunch ally in Premier François Legault.

There were other astounding bits in Fitzgibbon’s legislative comeuppance. The entirety of the National Assembly, including all members of Fitzgibbon’s own Coalition Avenir Québec (CAQ), supported the motion—save for Fitzgibbon himself, who abstained from the vote. That included Premier François Legault, who plucked the former executive from the ranks of Quebec Inc. to run under the CAQ banner in 2018.

Yet perhaps the most astonishing thing is there hasn’t been much in the way of comeuppance for Fitzgibbon at all. By dint of his personality and his role as economic minister, Fitzgibbon is perhaps the most outsized personification of the unapologetically swaggering, business-minded Quebec nationalism espoused by the CAQ government. 

The mandate of Investissement Québec (IQ) has expanded in both scope and budget under Fitzgibbon’s legislative guidance, who further ensured that his ministry had more say over the investment arm of the Quebec government, which has $12.1 billion of assets under management. He has been the face of the province’s COVID-19 business-relief effort, as well as its battery and electrification strategy. Columnist Michel Girard has called Fitzgibbon “omnipresent.” Politically speaking, it seems he’s bulletproof, as well—and it sounds like he knows it. 

“People who know Pierre Fitzgibbon, people who are close to me, know I’m not in some sort of conflict of interest,” Fitzgibbon told me recently. He blamed “the aquarium of politics” for hyping the incidents, before calling the ethics commissioner’s office “obsolete” and in need of an overhaul. “I’m here to do a job, one that’s energizing and motivating. I do a pretty good job, and I think Mr. Legault is satisfied. The day he isn’t, I’ll leave.”

Indeed, Legault remains securely Velcroed to his minister, even as the latter has dragged the government from one ethical scandal to the next. “He learned his lesson,” Legault said upon the release of that ethics commissioner’s report, which detailed Fitzgibbon’s faux pas of selling shares in a company to a lobbyist who was also soliciting the CAQ government.

Just over a month later, when the ethics commissioner again took issue with Fitzgibbon, this time for failing to divest stocks in companies that did business with the state, Legault doubled down. “Quebec is lucky to have someone as competent as Pierre Fitzgibbon in its government,” he said, the ink barely dry on the report.

Then came White Star Capital. Last week, the Journal de Montréal resurfaced a 2019 photo from Legault’s Twitter account of Fitzgibbon and Legault with Eric Martineau-Fortin, co-founder of the New York-based technology investment firm. The issue is that Fitzgibbon was and remains a shareholder in White Star Capital, which, as the Journal helpfully pointed out, had lobbied Quebec’s economic ministry and Investissement Québec for a $20-million investment. (Both the Caisse and IQ invested in White Star, according to PitchBook data.)

All told, Fitzgibbon’s holdings, as well as his intervention in 2019 to secure financial aid from IQ for an unnamed company in which he had an interest, violated three articles of the National Assembly’s ethics code, according to a December ethics commissioner report. It is the third such report written about Fitzgibbon’s intermingling political and business dealings—and there’s a fourth on the way, ethics commission spokesperson Anne-Sophie St-Gelais told me. 

But again, the premier shrugged his shoulders. Fitzgibbon, he said, “is an asset.” Asked whether he knew of his minister’s investment in a company that had lobbied his government, Legault shrugged again. “I don’t know all [his] investments off by heart,” he said.

In part, anyway, Legault’s insouciance to his minister’s gobsmacking chutzpah speaks to the CAQ government’s gravity-defying popularity. Despite having the country’s highest levels of infection in the pandemic’s early months, Quebecers have remained largely loyal to Legault and his party throughout the last year. 

And Legault, in turn, remains loyal to Fitzgibbon. “Fitz is a critical part of the government’s economic management of the COVID crisis, so we need his expertise,” a CAQ source told me. Part of this has been the COVID-19 business-relief program, which has Investissement Québec doling out $1.68 billion in loans and subsidies to Quebec’s small- and medium-sized businesses.

It helps, too, that Fitzgibbon is a former boardroom denizen of the likes of National Bank Financial, PwC, Cycle Capital and the Caisse. “Fitzgibbon was recruited for his Rolodex,” former Liberal finance minister Carlos Leitão told me. 

Some companies that have worked with Fitzgibbon appreciate the private-sector speed he brings to the public service. “He negotiated tight, and it wasn’t always easy. But for us, he’s been really good. He’s a guy who makes things move forward,” Lion Electric vice-president Patrick Gervais told me. The fruit of this speed was a $50-million investment from the Quebec government for Lion’s new battery-manufacturing facility. The federal government was notably slower to pony up.

Fitzgibbon also brings a businessman’s sharp elbows to the profession. After Parti Québécois MNA Martin Ouellet criticized Fitzgibbon in the media for appearing on Quebec’s talk-show circuit as the pandemic raged, he received a flurry of angry texts from the minister. “He didn’t appreciate it,” Ouellet told me, describing Fitzgibbon’s texts as “impulsive, incisive and emotional, but not insulting.”

When I contacted Fitzgibbon to chat, he sent me, apropos of nothing, a cover story I’d written for Maclean’s more than a decade ago featuring Bonhomme Carnaval, a money-hemorrhaging briefcase and the title “The Most Corrupt Province In Canada.” (Incidentally, the article was about corruption within Quebec’s political class.)

Gift the full article

We spoke for about 20 minutes. Fitzgibbon was expansive, talking about getting into politics, his vision of Quebec’s interventionist model, in which the province invests in strategic sectors like aluminum, aerospace and technology; the near-obsessive with the province’s productivity, and how it consistently lags behind that of Ontario and the U.S.; and the need to create wealth by way of productivity and innovation, not taxes, to fund health care and education in the province. 

“In Quebec, we are poorer than those in Ontario and the U.S. How do we close that gap? By creating companies that are more innovative, and that requires a certain interventionism. So in terms of access to capital for worthy projects, there’s virtually no limit.”

In short, it was the Coles Notes version of the CAQ mantra, the nationalist brand of conservatism that would nonetheless be considered nanny-state prattle by conservatives south of the border. And it is enduringly popular here, in large part because Fitzgibbon is the one standing at the spigots, proclaiming Quebec is open for business. 

“I’m tired of the ethics commissioner thing,” he told me. “People who are close to me look at this and say, ‘Pierre, you’re courageous.’ But I think I can help, and I committed to it, and when I do that, I never let go.”

Martin Patriquin is The Logic’s Quebec correspondent. He joined in 2019 after 10 years as Quebec bureau chief for Maclean’s. A National Magazine Award winner, he has written for The New York Times, The Guardian, The Walrus, Vice, BuzzFeed and The Globe and Mail, among others. He is also a panelist on CBC’s “Power & Politics.” @MartinPatriquin

#François Legault #Investissement Québec #Pierre Fitzgibbon #Quebec

Sponsored Content

How to shift your workforce from AI experimentation to adoption

By Jessica Aftimus Rosa

The real-world economic offshoots of sovereign AI

By Deborah Aarts
Illustration of a plane flying above a mailbox

Increasing healthcare access across Canada

By Deborah Aarts
Paid promotional content

Loading...

Thanks for sharing!

You have shared 5 articles this month and reached the maximum amount of shares available.

Close
This account has reached its share limit.

If you would like to purchase a sharing license please contact The Logic support at [email protected].

Close
Want to share this article?

Upgrade to all-access now

Close
Gift the full article!

You have gifted 0 article(s) this month and have 5 remaining.

Copy link and gift
Copy Link
Email to a friend
Send Email
Gift on Social Media

Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.

Photo: The Canadian Press/Jacques Boissinot

Most Popular This Week

People stand in large room split into several aisles by banners promoting startups. A video screen on the back wall has the logo for the CDL Super Session on it.
News

The Creative Destruction Lab is using data to reveal what makes startups successful

By Murad Hemmadi
Close-up of a red American roadside call box marked “Made in the U.S.A.,” with a blurred semi-truck approaching on Gordie Howe International Bridge.
News

U.S. industry leaders plead for truce as tariff fight escalates

By Anita Balakrishnan
Exterior of a University of Toronto building
News

Canadian universities are still struggling to commercialize their research, new data shows

By Catherine McIntyre
An aerial shot of a massive factory complex with a sprawling parking lot in the foreground. There are rows of vans and pickups in the lot.
News

Automakers warn Trump’s 50% tariffs would be ‘devastating’

By Joanna Smith

In-depth, agenda-setting reporting

Great journalism delivered straight to your inbox.

A row of school children at computers wearing brightly coloured headphones.
Subscriber Survey

Half of you think AI tools belong in the classroom

By Leila El Shennawy

Briefing

Barton appointed chair of Canada investment agency as it takes a bigger role in luring capital

By Chaimae Chouiekh   |   Aug 31, 2026 | 4:44 PM ET

Invest in Canada CEO resigns in run-up to international investment summit

By Chaimae Chouiekh   |   Aug 31, 2026 | 3:54 PM ET

GM to invest about $360M more in Canada and return Sierra truck production to Oshawa

By Joanna Smith   |   Aug 31, 2026 | 3:51 PM ET

Best business newsletter in Canada

Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

Exclusive events

See the bigger picture with reporters and industry experts in subscriber-exclusive events.

Membership in The Logic Council

Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

Recent Popular Stories

News

Canadian investors are dumping U.S. government debt for American corporate bonds

By Chaimae Chouiekh   |   Aug 24, 2026
An image of tall buildings against a cloudy blue sky.
News

Canadian universities are still struggling to commercialize their research, new data shows

By Catherine McIntyre   |   Aug 25, 2026
Exterior of a University of Toronto building
Commentary

Carmichael: America’s wobbly bonds are Canada’s advantage in the trade war. Here’s why

By Kevin Carmichael   |   Aug 24, 2026
A photo of Mark Carney on his way into a news conference, trailed by Dominic LeBlanc. There is a row of Canadian flags on stands behind the lectern Carney is approaching.
News

Xanadu gets $195M from federal government to build a quantum computer factory in Toronto

By Murad Hemmadi   |   Aug 28, 2026
Christian Weedbrook stands in a vacant warehouse next to a Canadian flag at a podium labelled for the Strategic Response Fund.
News

Thomson Reuters launches its own AI model to reduce reliance on big tech

By Anita Balakrishnan   |   Aug 24, 2026
News

U.S. industry leaders plead for truce as tariff fight escalates

By Anita Balakrishnan   |   Aug 26, 2026
Close-up of a red American roadside call box marked “Made in the U.S.A.,” with a blurred semi-truck approaching on Gordie Howe International Bridge.

Canada's most influential executives and policymakers are reading The Logic

  • CPP Investments
  • Sun Life Financial
  • C100
  • Amazon
  • Telus
  • Mastercard
  • bdc
  • Shopify
  • Rogers
  • RBC
  • General Motors
  • MaRS
  • Government of Canada
  • Uber
  • Loblaw Companies Limited
logic-logo

Canada's Business and Tech Newsroom

100% human-crafted journalism

Newsroom

  • News Tips
  • AI Policy
  • Editorial Disclosures
  • Story Pitches

Company

  • About Us
  • Terms of Service
  • Privacy Statement
  • Corporate Information

Contact

  • Contact Us
  • Advertise
  • FAQs
  • Work at The Logic

© 2026 The Logic Inc. All Rights Reserved.

Trusted by leaders

Error

Account creation failed.

Please email us at [email protected].

Create Account

[wppb-register form_name=”cozmo-registration-form-for-modal”]

I do have an account
Login
or

[wppb-login]

I don’t have an account