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).
Québec International would like to take this opportunity to express its solidarity with all of Quebec City's Muslim community in the wake of last night's tragic events at the local Islamic cultural centre (Centre culturel islamique de Québec).
The CEO of Quebec International, Carl Viel, and the General Manager of Quebec City Caisse Desjardins, Denis Laforest, are proud to announce the launch of the third edition of Catapult, a unique accelerator program for independent video game studios in Quebec City. After two successful editions, Catapulte, initiated by the digital arts and interactive entertainment sub-sector (ANDI), is back in force for a third year with a new and improved format.
The Chamber of Commerce of Metropolitan Montreal (CCMM) and Quebec International are pleased to announce the names of the 23 companies that will be taking part in the fourth edition of the SME Passport program (Passeport PME). Over the next 18 months, these companies will benefit from a comprehensive training and guidance structure overseen by the CCMM's ACCLR international trade experts and by Québec International.
Ushering in 2017, Quebec City's Economic New Year (Rentrée Économique) will bring together a roster of renowned experts who will discuss the economic outlook and related issues for 2017. Organized by Québec International, the Quebec City Chamber of Commerce and Industry (CCIQ), the Lévis Chamber of Commerce (CCL), the Quebec Association of Economists (ASDEQ/Quebec City chapter) and the Quebec Financial Circle (CFQ), the program of activities for the seventh edition of this event will run from January 17 to February 2.
Québec International announced a major partnership today with Industrial Alliance Financial Group (iA) following the signing of a three-year agreement that will also involve LE CAMP and LA ZONE. Under the agreement, an innovation hub will be established in Quebec City with a view to positioning the local technological ecosystem alongside the insurance and financial services industry.
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.
The Québec City CMA kicked off 2017 with investments of $192.5 million on the non-residential market in the first quarter, an increase of 2.4% compared to the same period in 2016. In the province of Quebec, the value of non-residential investment reached $2.2 billion for the first three months of 2017, an annual increase of 2%.
According to The Conference Board of Canada, the area’s real GDP was $34.6 billion in 2016, a gain of 1.6% compared to 2015. This performance places Québec City as the only major metropolitan area in Canada to have maintained continuous economic growth for 25 years.
The Quebec City census metropolitan area (CMA) created 2,100 positions in the first quarter of 2017, marking a total of 447,400 jobs. The region still has one of the lowest unemployment rates in Canada (4.1% at the end of March).