RE: Great :(Should result in a 1/3 cent loss this year when gains are netted against costs.
However going forward it should provide an extra 3 cents a share in EPS by lowering costs. An extra 3 cents in EPS x PE 20 could be viewed as adding 60 cents to the shares. The cash is on hand to cover the costs and still provide a decent buffer for the next while.
Obviously the respective governments are still willing to hold out a hand to Quebec companies.
As long as cost savings start fairly soon this is no big deal this year and should be viewed as a positive.