Voyageur Colonial Bus Lines
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Voyageur Colonial Bus Lines (Voyageur) (legal name 2599970 Canada Ltd). is an intercity bus company founded in 1928 that served Eastern Ontario and Western Quebec, primarily the cities of Montreal, Ottawa and Kingston.
When CSL Equity Investments Inc. sold Voyageur's bus routes to Greyhound Canada in 1998, the bus driver's pension fund was short by $2.4 million, and up to 146 long-term employees lost 30 percent of their pensions. Paul Martin's family owned a 50-percent stake in Voyageur through the holding company, CSL. There are accusations that Mr. Martin, then the Minister of Finance and subsequently the Canadian Prime Minister, interfered with the results of a Department of Finance audit requested by company employees. The Office of the Superintendent of Financial Institutions (OSFI), after meeting with the trustees of CSL, declined to take any action after performing the audit.
The sale of the bus routes did not include the terminals in Ottawa and Montreal which Voyageur Colonial owns, and Paul Martin, through CSL, still owns the terminals. In addition, the Voyageur Colonial brand is used on three Ottawa-Montreal lines: Montreal/Ottawa EXPRESS, Montreal/Ottawa (via Dorion/Hawkesbury) south of the Ottawa River and Montreal/Ottawa (via Lachute/Hawkesbury) north of the Ottawa River.
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