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A joint meeting with The Board of Trade of Metropolitan Toronto. The address takes place four months after the November 15 election in Quebec. A survey of the diagnoses of the electoral victory won by the Parti Québécois and of the meaning of that victory. The idea and goal of political independence in Quebec. A brief historical review and discussion of the present situation. A detailed review of the financial aspects of Quebec independence, with examples. Possibilities for a referendum. Industrial projects. Threats of withdrawal of capital. The financial relationships between Quebec, the other provinces, and the federal government. Comments on the emotions and vague statements concerning the situation in and with Quebec. Quebec on the road to independence.