| The Quebec Federation of Labour Solidarity Fund has become a major element in
the economic development of the Canadian province.
A voluntary pension scheme
with over 550,000 shareholders and assets of approximately $4.6 billion Canadian
dollars, the Fund holds equity in some 1,900 small and medium-sized enterprises
that have created nearly 100,000 jobs over the last couple of years.
The success
of the Fund is founded upon twin objectives. Its main goal is profit, yet the
Fund promotes workers' rights and training and development for employees. It was
the vision of Louis Laberge and other Quebec labour movement activists
who saw the
need for the creation of an alternative tool for economic development and social
progress.
Over the last twenty years the Fund has lived up to its pioneering
role as a unique labour-sponsored investment fund laying the foundation for a
new type of economic development based upon human capital. Fernand Daoust,
former president of the administrative council of the Fund and now special
counsellor to the president, explains the vision of the unique organisation.
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