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Stock impact report

Quebec's finance minister says Ontario's Crown Royal whisky ban is misguided [Yahoo! Finance Canada]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Ontario Premier Doug Ford has said the Crown Royal boycott, which he intends to launch next month, is in retaliation for parent company Diageo deciding to close its bottling plant in Amherstburg, Ont. The Ontario facility closure will affect about 200 jobs. Ford has said he thinks the Ontario jobs will end up in the United States. Last year, Diageo announced the construction of a new manufacturing plant in Alabama. Diageo, the United Kingdom-based alcoholic beverage giant, has said Crown Royal destined for Canada and non-U.S. export markets will be bottled at its existing Quebec facility in Valleyfield, Que., southwest of Montreal. In a statement to the media, Eric Girard, Quebec's finance minister, says he understands the concerns of Ontario workers impacted by the situation and that "no one wants to see jobs lost," but he says he's concerned about the impact it could have on operations in Quebec. Girard also cautioned Ontario on the timing of its boycott. "In the current un Show less Read more
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