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2017: Diversified program for the seventh edition of "Economic New Year" in the Quebec City region

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 announces major partnership with iA Financial Group

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.

Spotlight on Quebec City's dynamic digital community

The second edition of Quebec City Digital Week (QCDW) will be held from April 1-9, 2017. This year, a number of the 17 scheduled events are geared towards the general public. QCDW is designed to showcase various high-level actors in one of Quebec City's major economic hubs, including two essential players: Web in Quebec City (WAQ) and Pixel Challenge.

10th annual Quebec City Health Industry Forum (FISQ): creating value for patients, clinicians, the network and the economy

Quebec International, in collaboration with the Quebec Health Alliance (ASQ), BioQuebec, Genome Quebec, Norton Rose Fulbright, Innovative Medicines Canada and the Quebec City-Laval University Hospital Centre (CHUQUL), will be presenting the Quebec City Health Industry Forum (FISQ) on November 29-30. For the past 10 years, FISQ has been the most important annual event in Quebec's life sciences sector, attracting and mobilizing various key actors, including industry representatives, researchers, managers and decision makers.

FERME opens new regional office in Quebec City: Collaboration agreement concluded with Québec International to recruit foreign workers

The Foundation for Foreign Agricultural Worker Recruitment (Fondation des entreprises en recrutement de main-d’œuvre agricole étrangère/FERME) and Québec International (QI) are pleased to announce that they have joined forces to expand their range of recruitment services. Companies in the Quebec City and Chaudière-Appalaches regions will now be able to access local services provided by FERME, a key recruiter of foreign agricultural workers.

"LE CAMP" joins the Canadian Digital Media Network

Québec International (QI) is proud to announce that LE CAMP, Quebec City's technology incubator/accelerator, is joining the Canadian Digital Media Network (CDMN). LE CAMP thus becomes the network's 26th hub engaged in collaboration with a view to fostering digital innovation across Canada. The partnership was confirmed at the CDMN's annul meeting, which was held from October 25 to 27 in Edmonton. Isabelle Genest, Executive Director of LE CAMP, was in attendance.

QUEBOX: Focusing Quebec's manufacturing expertise on sustainable buildings

In conjunction with the Contech Building Exhibition in Quebec City, Québec International (QI) and Quebec City's ACCORD/Green and Intelligent Building (GIB) sector of excellence are pleased to launch QUEBOX, a initiative aimed at promoting made-in-Quebec manufacturing expertise focusing on sustainable buildings.

Quebec City Outbreak Intervention Symposium (OIS) - Global healthcare elite meets in Quebec City to address public health threats

Nearly 100 specialists were in Quebec City yesterday to kick off the Outbreak Intervention Symposium (OIS 2016), which aimed to improve responsiveness in the face of public health emergencies and global disease outbreaks

Québec International and the INAF welcome three world-class companies in the biofood sector

Québec International (QI) is pleased to announce that three international biofood companies have begun operations in the region. The Nutrition and Functional Foods Institute (Institut sur la nutrition et les aliments fonctionnels/INAF) has entered into partnership agreements with each of these companies. At a meeting in Quebec City to mark the international conference on health ingredients and foods, BENEFIQ 2016, Jesse Vincent-Herscovici, Senior Account Manager and Team Lead, Major Accounts, ‎Mitacs Inc., a Nestlé partner; Kurt Johnson, CEO of R-Biopharm; and Yannick Riou, President of Diana Food, presented their respective projects alongside the INAF.

Québec International welcomes the creation of the new InnovExport Fund in Quebec City

Québec International warmly welcomes the announcement made by Dominique Anglade, Minister of the Economy, Science and Innovation and Minister Responsible for Digital Strategy; Carlos J. Leitão, Minister of Finance, Minister Responsible for Government Administration and Ongoing Program Review and Treasury Board Chair; François Blais, Minister of Employment and Social Solidarity and Minister Responsible for the Quebec City Region; and Régis Labeaume, Mayor of Quebec City, confirming that the InnovExport Fund will be a major driver for innovative companies aiming for export markets.

Economic News

Quebec City region kicks off 2017 by adding 1,300 jobs as employment holds steady at 4.3%

The Quebec City census metropolitan area (CMA) kicked off 2017 in fine style by adding 1,300 jobs in January, for a total of 446,600 jobs. For the third consecutive month, unemployment in the region held steady at 4.3%, one of the lowest rates in Canada.

Real GDP was up 1.3% in the Quebec City region in the third quarter of 2016

Real GDP rose by 1.3% to $34.6 billion in the Quebec City census metropolitan area (CMA) in the third quarter of 2016 compared with the same period in 2015. During the first nine months of 2016, real GDP in the Quebec City region was up +1.4% compared with the same period in 2015.

Quebec City region posts Canada's lowest unemployment rate (4.6%) in 2016

According to Statistics Canada's Labour Force Survey, the Quebec City census metropolitan area (CMA) posted the lowest unemployment rate in Canada in 2016 (4.6%). The regional unemployment rate remained under the 5% mark for the second year in a row (4.7% in 2015).

Québec City region gains 3,100 jobs in October

According to Statistics Canada, the Quebec City census metropolitan area (CMA) created 3,100 jobs in October compared with September, for a total of 445,100 jobs. The number of jobs climbed for the fifth month in a row in Quebec City, the longest such period among Canada's Top 8 metropolitan regions.

Québec City confirms its leading position in Canada by addind 4,200 jobs in August as unemployment stands at 4.7%

A total of 4,200 jobs were created in the Quebec City census metropolitan area (CMA) from July to August, the highest gain in the province of Quebec and the second highest in Canada. The region reported a total of 439,600 jobs in August, or the same number as in February.

Real GDP in the Québec City region grows by 1.6% in the first half of 2016

The Québec City census metropolitan area (CMA) recorded real GDP of $34.4 billion in the first half of 2016, up 1.6% from the same period in 2015. The region had the strongest growth rate in the province of Québec and one of the highest in the country, particularly in Eastern Canada. Regional economic performance was driven by all sectors, including manufacturing (+4.0%), construction (+1.3%) and services (+0.9%).

Québec City adds 2,900 jobs in July and records the lowest unemployment rate in Canada

The Québec City census metropolitan area (CMA) added 2,900 jobs in July 2016, the highest increase in the province of Québec and the third highest in Canada. The region recorded a total of 435,400 jobs in July, for a month-to-month increase of 0.7%. Unemployment stood at 4.3% in July, good for first place in Canada despite a 0.2 point uptick since June.

Corporate tax: Québec City ranked seventh among comparable regions worldwide

According to KPMG's report Focus on Tax 2016, tax costs in the Québec City census metropolitan area (CMA) are 46.4% lower than in the US, which serves as the benchmark. Québec City is among the world's Top 10 comparably sized metropolitan regions, i.e. with populations of over 500,000 inhabitants in mature markets. Among the 111 regions studied (all categories combined), Québec City ranked 16th worldwide. It was in next-to-last place in Canada, ahead of Montreal.

Québec City posts the lowest unemployment rate in Canada in the second quarter

According to Statistics Canada, the Québec City census metropolitan area (CMA) recorded an unemployment rate of 4.1% in the second quarter of 2016, the lowest in Canada. Unemployment was down considerably from the first-quarter figure of 5.1% due to a sharp drop in the labour force (-1.1%), which outweighed the decrease in the total number of jobs (-0.1%). The Québec City region finished the spring with a total of 432,500 jobs, thus keeping losses at only 300 compared with the first three months of the year.

Unemployment in Québec City drops to 4.2% in May

The Québec City census metropolitan area (CMA) recorded an unemployment rate of 4.2% in May, down from 4.5% in April. This was the lowest rate in the province of Québec and the lowest among the Top 8 Canadian CMAs. Once again, the drop in the total workforce (-0.8%) was greater than the total number of jobs available (-0.5%), resulting in a lower unemployment rate.

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