The persistence of peace and political stability in Quebec after the 1995 referendum requires a political-economic explanation beyond conventional legal and cultural accounts. Thisstudy examines how the Quebec nationalist movement was contained without coercion or territorial reconfiguration. While existing scholarship has focused primarily on institutional factors and identity change, this article analyzes Open Federalism within the broader framework of neoliberalism between 2006 and 2023. It argues that the federal government, through fiscal empowerment and executive federalism, shifted the conflict from the realm of identity and self-determination to that of administrative and fiscal governance. Although this strategy contributed to political stability, it also weakened the broader project of pan-Canadian nation-building. Using a qualitative research design and thematic analysis of official documents, the study identifies three key mechanisms: symbolic recognition through the 2006 Québécois Nation Resolution, enhanced federal fiscal transfers with reduced oversight conditions, and the institutional strengthening of the Council of the Federation. The findings suggest that the federal government established a form of “crisis management federalism” as a neoliberal political technology that redirected political contestation toward administrative efficiency. This framework helps explain the durability of stability in multinational states while highlighting the long-term tensions between economic governance and national cohesion.