MONTREAL, March 27, 2013 /CNW Telbec/ - In a press release issued in
response to the Federal Budget proposal, Canada's Venture Capital &
Private Equity Association (CVCA) unequivocally endorsed Canada's
"We are very pleased to see this solid support coming from outside
Québec," said Yvon Bolduc, President and CEO of the Fonds de solidarité
FTQ. "The CVCA recognizes the contribution labour funds make to
economic development, particularly outside large urban centres."
The CVCA is disappointed that the federal government did not consult
with the association on this matter and believes that the disappearance
of labour funds would sharply reduce the availability of venture
capital in Canada.
The Fonds de solidarité FTQ will be participating in the consultations
announced in the federal Budget and invites the general public to make
their voices heard once the details of the consultation are released.
Until then, the public can express its opinion at http://fondsftq.com/mycredit.
The CVCA press release is available on the association's site at http://www.cvca.ca.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of
$8.5 billion as of May 31, 2012, the Fonds is a development capital
investment fund that channels the savings of Quebecers into investments
in all sectors of the economy to help further Québec's economic growth.
Its investments, in all sectors of the economy, contribute to the
creation and maintenance of businesses and development in Quebec. The
Fonds is a partner, either directly or through its network members, in
2,239 companies. With its 594,287 owner-shareholders, it has helped, on
its own or with other financial partners, to create, maintain and
protect 168,577 jobs. For more information, visit www.FondsFTQ.com.
SOURCE: Fonds de solidarité FTQ
For further information:
for media representatives only:
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile : 514 703-5587
The Fonds de solidarité FTQ on the Web: