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The Péladeau effect: Is it hurting private investments in Quebec?

WATCH: The leader of the Coalition Avenir Québec said he believes the Pierre Karl Péladeau effect is already hurting private investments in the province. Elysia Bryan-Baynes reports.

QUEBEC — The leader of the Coalition Avenir Québec said he believes the perception that Pierre Karl Péladeau could become the next premier is already hurting private investments in the province.

François Legault said the new Parti Québécois leader’s plan for sovereignty is causing uncertainty in financial markets and discouraging investors.

Quebec Second Opposition Leader François Legault, right, greets Quebec Opposition Leader Pierre Karl Péladeau as he enters the legislature for question period Tuesday, May 19, 2015 in Quebec City. Jacques Boissinot/The Canadian Press

During question period in the national assembly, Premier Philippe Couillard repeated that the independence project is a source of instability in Quebec.

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READ MORE: Sovereignty is a problem that doesn’t exist: Quebec premier

At an earlier meeting with his caucus, Péladeau maintained that the departure of head offices from Quebec has nothing to do with sovereignty.

The PQ leader said linking sovereignty with economic instability is merely a diversion used by the governing Liberals.

READ MORE: With Pierre Karl Péladeau as leader, PQ gets popularity boost

But Legault told reporters that Péladeau is already having a negative effect on investments.

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