Fonds de solidarité FTQ sees growth in share value, 7.4% return over twelve months
Fonds de solidarité des travailleurs du Québec FTQ reported a tenth consecutive increase in its share value, which now stands at $29.21. It also reported a gross 7.4% return for the 12-month period of December 1, 2012 to November 30, 2013. Assets managed by the Montréal-based Fonds de solidarité FTQ consequently rose to $9.7 billion in total. Last November, the fund's president and CEO Yvon Bolduc presented a $2 billion proposal to the House of Commons Standing Committee on Finance intended to retain the federal tax credit for labour-sponsored venture capital funds, which is scheduled for phase-out by 2017.
6 January 2014•4 mins read
