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"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.

Ranked once again among the country's top economic development agencies, Québec International is named Best Life Sciences Industry Development Agency for Canada

Québec International is proud to announce that it was honoured twice at the 2016 International Life Sciences Awards, established by Global Health & Pharma (GHP) magazine (owned by UK-based AI Global Media). QI, an economic development agency specializing in the Quebec City region, won Best Life Sciences Industry Development Agency-Canada, together with the GHP Excellence Award for Life Sciences Business Development.

Quebec City International Forum on Business Growth: Favouring Business Growth by Speeding Network Development and Fostering Co-development

– Innovation, marketing and human resources are the three keys to business performance. That was the main conclusion that emerged from the inaugural edition of the Quebec City International Forum on Business Growth, which drew over 170 entrepreneurs and economic stakeholders, primarily from North America and Europe, to the Quebec City Convention Centre on July 5, 6 and 7.

LE CAMP and Héméra sign a partnership to speed start-up development in the European and North American markets

Carl Viel, President and CEO of Québec International, is proud to announce that Québec City's technology incubator/accelerator, LE CAMP and Héméra, a Bordeaux-based business accelerator, concluded a partnership agreement today at a ceremony attended by Régis Labeaume, Mayor of Québec City; Alain Juppé, Mayor of Bordeaux, President of the Bordeaux Metropolitan Region and former Prime Minister of France; and Virginie Calmels, Assistant to the Mayor of Bordeaux and Vice-President of the Bordeaux Metropolitan Region.

LE CAMP, Québec City's technology incubator/accelerator, officially opens its new offices

The Mayor of Québec City, Régis Labeaume; the Minister of Employment and Social Solidarity and Minister Responsible for the Québec City Region, François Blais; and the CEO of Québec International, Carl Viel, officially opened the new offices of Québec City's technology incubator/accelerator (LE CAMP). Today's event drew more than 150 representatives of Québec City's entrepreneurial sector under the themes of #apprendre #accelerer #rassembler (learn/accelerate/come together).

$315,000 in new partnerships for LE CAMP's service offer

Québec International is proud to announce that Québec City's technology incubator/accelerator, LE CAMP, has concluded partnership agreements valued at over $315,000 in financial contributions and services with the Caisse de dépôt et placement du Québec, PwC, BCF Business Law, ROBIC Lawyers, Patents and Trademark Agents and the Business Development Bank of Canada (BDC). In addition, the signing of a collaboration agreement with the Centre for Digital Imaging Development and Research (CDRIN) will provide local companies with access to motion capture services. All of these agreements will run for periods of two to three years, depending on the individual partners.

Economic News

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.

Unemployment in Québec City falls to 4.5% in April

The Québec City census metropolitan area (CMA) recorded 4,5% unemployment in April 2016, down 0,6 points since March and good for second place in Canada. The decline in the workforce (-1,7%) exceeded the drop in job numbers (-1,1%), sending the unemployment rate below the 5% mark.

Unemployment in Québec City edges up to 5.1% in the first quarter

The employment market lost a bit of steam in the Québec City CMA in early 2016. The region was home to 432,800 jobs in the first quarter, down 12,500 from the fourth quarter of 2015. The situation, however, is much different from the losses seen in 2011. Five years ago, the region was dealing with a drop in the active working population as well as an increase in the number of jobseekers. This year, the drop in employment was primarily due to the smaller regional workforce.

Business operating costs: Québec City remains #1 in Canada and around the world among comparable regions

The Québec City region is outperforming its rivals when it comes to business operating costs. The 2016 edition of KPMG's Competitive Alternatives confirms that Québec City continues to be ranked #1 worldwide among comparably sized urban areas (i.e. over 500,000 inhabitants in mature markets) in terms of its competitive cost advantages. According to this biennial study, it is 16.1% cheaper to set up a company and do business in Québec City, compared with the US average — a marked improvement over the 2014 result (9.3% cheaper).

Québec City's employment market takes a break in January

For the past few months, Québec City's labour market has been at peak performance. Since May 2015, the region has been posting monthly totals of more than 441 ,000 jobs. This dynamic has been helped along by a variety of factors, including job diversity, the completion of various major projects, revenue growth and a rosier international economic outlook.

Real GDP up 1.7% in the third quarter of 2015 in the Québec City region

The Québec City metropolitan region recorded real GDP of $34.9 billion in the third quarter of 2015, up 1.7% from the same period in 2014. In step with other major Canadian CMAs, the region maintained its pace of growth. Thanks to this performance, Québec City has an annualized growth rate of 1.9% for the first nine months of 2015, ranking third out of eight CMAs.

Mission accomplished in 2015: exceeding expectations, Québec city region creates 8,600 jobs

Our expectations were high for 2015 in light of the US economic recovery and service sector growth. The Quebec City CMA rose to the challenge, creating 8,600 jobs compared with 2014 (the net gain from 2013 to 2014 was 5,200 jobs). The region hit a peak of 442,300 jobs. In addition, as unemployment reached one of the lowest levels in Canada (4.7%, down from 5.3% in 2014), Quebec City edged closer to its all-time low of 4.4% recorded in 2008.

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