Premier François Legault on Monday announced a revised blueprint for Quebec’s economy.

The Quebec government is leaning harder on pension fund giant Caisse de dépot et placement du Québec to boost the economy as Premier François Legault doubles down on state interventionism to shield the province in the face of mounting trade turmoil.

The Caisse, which had roughly 20 per cent of its $473-billion in assets under management invested in Quebec at the end of last year, “needs to do even more” to back local projects and business, Mr. Legault said Monday at an event to unveil a new vision for the provincial economy. He said it’s one of the few organizations in Quebec with the power to sign billion-dollar cheques.

“I think the situation is critical right now,” Mr. Legault said. “There’s a ri

See Full Page