Québec International is celebrating the announcement today by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, that the Government of Canada is funding an AI-driven supply chain supercluster.
Québec International has released the results of its 8th annual Conjoncture survey (Conjoncture 2018), a business confidence survey of CEOs in the greater Québec City area. The survey, which was conducted by Léger from January 8–19 and questioned 175 business leaders in the area, indicated that it’s all systems go when it comes to 2018’s economic prospects.
Today, during a meeting at Frima Studio between Québec City area independent video game studios and industry leaders, program partners launched the 2018 edition of CATAPULTE. The highly successful and teamwork-oriented initiative has fuelled the growth of the video game industry and the Québec City area’s economy.
Montréal International and Québec International have joined forces to promote Québec’s advantages and its Life Sciences and Health Technologies (LSHT) industry to foreign investors around the world. With Dominique Anglade, Deputy Premier of Québec and Minister of Economy, Science and Innovation, and Gaétan Barrette, Minister of Health and Social Services, in attendance, a new video highlighting the appeal of the sector was launched before 150 partners and key players from the LSHT ecosystem.
Presented by Québec International in collaboration with BIOQuébec, Génome Québec, Norton Rose Fulbright, Innovative Medicines Canada and AmorChem, the Québec City Healthcare Industry Forum will take place on December 5 and 6, 2017. With more than 250 key players in the field—researchers, managers, industrialists and decision-makers alike—the Forum is Québec City’s largest annual meeting for the life sciences sector.
Carl Viel, Québec International (QI)’s Chief Executive Officer, is proud to announce that the region and its Economic Development Agency have received a record 12 prizes over the past few weeks. Several QI initiatives dedicated to promoting the region, attracting foreign talent and supporting key regional clusters were deemed to be among the best in the world.
New Global Talent Stream to help Quebec businesses innovate and grow
Local businesses in the Québec City area will enjoy new job opportunities following the creation of the new Foreign Trade Zone (FTZ) point. The designation will help businesses facilitate exports and create jobs for the middle class. This designation was announced in the presence of the Honourable François-Philippe Champagne, Minister of International Trade, and Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Health, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
Marking the grand finale of the third edition of the CATAPULTE program, Carl Viel, CEO of Quebec International, Denis Laforest, general manager of Caisse Desjardins Quebec City and the various partners are pleased to announce that the independent video game studio Polymorph Games is this year's grand prizewinner.
As part of an international outlook event (Perspectives internationales 2017), Carl Viel, President and CEO of Québec International, and Caroline Roy, Vice-President of Léger's Quebec City office, released the results of the annual business confidence survey of CEOs in the Greater Quebec City region (Conjoncture 2017).
The construction of non-residential buildings generated $912.6M in investments in the Québec City CMA in 2017, representing an 11.3% increase compared to 2016. Québec City recorded the second highest growth among the eight main Canadian metropolitan areas, just after Winnipeg (+18.4%).
According to the Labour Force Survey by Statistics Canada, the unemployment rate reached a historical low of 4.2% in the Québec City CMA in 2017, compared to 4.6% in 2016. Concurrently, the number of jobs has reached a peak of 442,800, thanks to the creation of 4,300 jobs in 2017 compared to 2016.
The Québec City CMA recorded a real GDP of $34.8 billion in the third quarter of 2017, a 2.7% growth compared to the same period in 2016. Following the 2.8% growth recorded in the second quarter, this is the first time since 2010 that the CMA was able to record a growth above 2% for two consecutive quarters.
According to The Conference Board of Canada, the real GDP grew 2.4% in the Québec City CMA during the first semester of 2017, reaching $35.1 billion.
The unemployment rate reached a record threshold of 3.8% in August in the Québec City CMA, placing it at the first rank in Canada. In August, the area counted 437,400 jobs, 1,000 more than the previous month.
The Québec City CMA recorded an unemployment rate of 4% in July, a 0.4 percentage point decrease compared to June. This allowed the CMA to reach second rank in Canada.
According to Statistics Canada, $384.9 million were invested in the Québec City CMA in the first half of 2017, a 1.4% rise compared to the first half of 2016. The area observed a rise in capital expenditures for the industrial (+54.2%) and institutional (+28.4%) sectors, while expenditures for the commercial sector slowed down by 13.4%.
For the first semester of 2017, the Québec area showed a cumulative gain of 9,700 jobs compared to the first six months of 2016. The unemployment rate remained low, at 4.4%, a slight rise compared to the 4.1% registered during the first quarter.
According to new data released by Statistics Canada, the Québec City CMA counted 441,200 jobs in May 2017, a diminution of 4,300 jobs compared to April. The unemployment rate increased by 0.4 percentage points, reaching 4.6% in May, while remaining among the lowest in Canada.
In April, the Québec City CMA recorded an unemployment rate of 4.2%, a small 0.1 percentage point raise compared to March. This allowed the CMA to preserve its 2nd place in Canada.