The newspaper took stock with Quebec business leaders on the impact of Joe Biden’s coming to power in Washington.
• Read also: A return to stability which relieves Quebec inc.
Aeronautics and defense
The Pentagon is one of Héroux-Devtek’s most important clients. Its CEO, Martin Brassard, expects the arrival of Joe Biden to cause “downward pressure” on the defense budget. “But I don’t think Mr. Biden is going to tackle this first because it’s a job-creating industry. And even if the Pentagon canceled aircraft orders, I don’t think it would have a major impact on the industry. In any case, it would take a long time to see the effects. ”
For its part, CAE argues that its training services are ideal for armies “which must continue their activities on limited budgets”.
Joe Biden makes Electric Lion salivate. “It’s a huge potential! »Launches its president Marc Bédard about the promised 500,000 electric buses. At Nova Bus, we welcome his arrival with nuances.
“The push towards higher levels of American content represents a threat to the competitiveness of Nova Bus in the American market”, warns its managing director Martin Larose.
At the Association québécoise des technologies (AQT), its CEO, Nicole Martel, fears that some companies “move to their territory”.
But for Thingsfactory thermal camera techno and for Dataperformers, which detects faulty parts in factories, the Biden era is already synonymous with a warming business climate.
Less mood swings
Some Quebec manufacturers doing business in the US will have seen all the colors under the reign of Donald Trump, especially because of the standoff between Canada and our neighbors to the South over tariffs on aluminum and steel.
Founder of Beauceron companies Manac and Canam Group, Marcel Dutil does not foresee a slowdown in his contracts in 2021 due to the arrival of a new president in the country of Uncle Sam.
“2020 has been very busy for both Manac and Canam. The order book is at its highest, ”said the man who holds the chair of Chairman of the Board of Directors at Canam Group.
Asked about his forecasts now that Joe Biden is in power, Mr. Dutil expects less mood swings from the 46e President of the United States. “It’s going to be done logically,” replied the businessman.
For the Buy American Act, Mr. Dutil hopes that Canada will be able to negotiate a “Buy North America” with the new big boss.
The companies in the clean energy sector did not hide their satisfaction yesterday at seeing the Democratic government of Joe Biden take back the keys to the White House.
“It is frankly with great relief that I watched the induction ceremony,” Innergex president Michel Letellier told us yesterday. Even on TV it was quite a poignant event to watch. “
Openly concerned about climate change, the new president has set himself ambitious objectives in terms of energy transition. These necessarily hold great hopes for clean energy producers like Innergex, Boralex, and even Hydro-Québec.
The same applies to dozens of subcontractors or equipment manufacturers, such as Marmen in Trois-Rivières, or LM Wind Power in Gaspé, specialized in the manufacture of parts or components intended for the development of wind, solar or energy. hydraulic.
“The American market offers a lot of potential for project development,” says Boralex spokesperson Isabelle Fontaine. Over the past year, the proportion of our installed capacity in this country has doubled. We fully intend to continue to make room for ourselves there. “