Pierre-Olivier Pinault

Even if and when the trade routes are reopened, when supply chains normalize, inflation will come down, but it could be more gradual than it might have been a few years ago.

I sure am.

They've worked for years in their own companies, or I think a couple of them actually got laid off recently.

We had almost 15 years of above average water inflows in terms of rain coming into the reservoir of Hydro-Québec.

It gave an illusion of plentiness and abundance of hydropower.

We export relatively cheap hydro to the U.S.

They pay us and they decarbonize.

So everyone wins.

So now these lines are not seen as such good deals because people are starting to think, well, we actually need the electricity in Quebec to decarbonize.