Parti Québécois takes Quebec with a minority and a referendum timed to Trump's exit

On the projected count, the opposition outnumbers the government. The Liberals, Conservatives and Québec solidaire hold 68 seats between them ^[18], against the PQ's 59 ^[4]. Any one of them can carry a vote for the government. Québec solidaire, the smallest with nine seats ^[12], would take the PQ to 68, past the 64 needed for a majority ^[17]. St-Pierre Plamondon described the result in those terms. "They have decided to elect the Parti Québécois while also asking it to work with the other parties," he said ^[6].

The budget is where that bargaining shows up first. He said he wanted "to confirm right now that we will work to ensure the budget reflects elements of the other parties' election platforms, so that we can collaborate on a workable budgetary framework" ^[14]. For an organisation with Quebec payroll or customers, that budget and whichever party's priorities it absorbs are the policy exposure for the next two quarters.

The referendum sits further out, on the premier-designate's own terms. He has maintained that the PQ will hold one once Donald Trump leaves office, arguing that a political climate dominated by the current U.S. president is not the right one for thinking about Quebec's future ^[1]. CityNews reported that the win means a referendum on independence "could be in Quebec's near future" ^[3]. The report does not include a date for a vote.

A skeptic would say a sovereigntist premier treats a timing pledge as movable once he holds office. The record supports half of that. In his victory speech he said Quebec wants to exist on its own like other countries, and called it a question of survival for its French-speaking population ^[15]. The aim is fixed. The condition he has named for acting on it depends on U.S. politics ^[1].

That leaves a sequencing choice for this quarter. Contingency work on independence costs money now, against a trigger the premier-designate has tied to a U.S. political event ^[1]. Deferring it saves the money and shortens the response time if the condition is met sooner than expected. I think the defensible split is to price the budget scenarios now, while the opposition's demands are still being negotiated, and to hold the referendum work as a written scenario with its trigger named. The second piece needs reopening only if the timing pledge changes.

The early signals for staff and customers are conciliatory. St-Pierre Plamondon pledged to be "the premier for all Quebecers, without exception," a group he said includes his "English-speaking friends in Quebec" ^[7]. Prime Minister Mark Carney wrote on X that he looked forward to working with the new premier "to support Québec's businesses and workers impacted by tariffs, create more good jobs, work to end homelessness, and get more homes built across Québec" ^[8].