Quebec: inhaling the ‘hopeium’ of the next ‘Mark Carney’

The potential evanescence of a CAQ without François Legault in all probability increases the likelihood of a PQ win in October. Investors already concerned about that prospect will be looking to consider attaching an additional risk premium to any opportunities in Quebec because of the fundamental political uncertainty associated with a PQ win.

Quebec Premier François Legault announced on Jan. 14, 2026, that he will resign as premier and won't run in the October election, but he will remain in his role until the party elects a new leader. The Hill Times photograph by Andrew Meade

Opinion

BY KEN POLK

January 26, 2026

Time is the Grim Reaper for all elected leaders. Last year, it claimed then-prime minister Justin Trudeau. This week, it ushered Quebec Premier François Legault into his political grave.

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