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.
– 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.
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.
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).
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.
Hubert Bolduc, President and CEO of Montréal International, and Carl Viel, President and CEO of Québec International, today unveiled the very first profile of the big data industry in Québec. The new study highlights the potential of local businesses, universities and research institutes to position Québec as a world leader in this up-and-coming field, which is expected to grow an average of 25% per year by 2020.
The Board of Trade of Metropolitan Montreal and Québec International are pleased to announce the names of the 23 companies that will make up the third cohort of SME Passport. During the next 18 months, they will benefit from comprehensive training, support and services as well as visibility worth over $25,000. Participating companies are targeting North America and Europe, two promising markets for Quebec and Montréal businesses.
Québec International is pleased to present its 2014 annual report. The report describes its efforts throughout the year to develop and export the region’s know-how, attract talent and investments and promote the region nationally and internationally.
Québec International issued the new edition of Economic Report and Outlooks for the Québec City Census Metropolitan Area - 2014-2015 today. It addresses key economic indicators for assessing regional performance and compares them with those for seven other Canadian metropolitan regions (Montreal, Toronto, Ottawa, Winnipeg, Calgary, Edmonton and Vancouver).
According to the 2015-2016 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in two categories (Business Friendliness and Best fDi Strategy). A total of 421 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
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.
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.
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).
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.
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.
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.
Canada's labour market lost some steam in November as a number of metropolitan regions that had had the wind in their sails since the beginning of the year were impacted. The Quebec City CMA was no exception to the monthly trend, posting 445,900 jobs overall, down slightly from the exceptional level in October (-1,800). Unemployment, however, held steady as the labour force shrunk by 0.6%, more than the total number of jobs ( 0.4%).
October was a good month for the labour market in the Quebec City CMA. The region posted a total of 447,700 jobs, up 2,700 from September. In addition to putting an end to three consecutive monthly declines, this gain also marked a new record. Quebec City’s unemployment rate (5% vs. 4.9% in September) remained the lowest in the province, as well as among the top Canadian CMAs.
Once again, Statistics Canada's figures indicate how dynamic Quebec City's labour market is. In September, regional unemployment stood at 4.9%, for the second consecutive month—the lowest rate among the top 8 CMAs in Canada. Although the number dropped slightly from August to September (-300), Quebec City still has a historically high level of jobs (445,000 in September). After the first nine months of 2015, the region is up 5,000 jobs compared with the same period in 2014.
Once again, the Quebec City region garnered attention thanks to its very low unemployment rate in August (4.9%). This was the lowest among Canada's top 8 metropolitan areas. The number of jobs, however, declined over the past month as the Quebec City CMA recorded a total of 445,300 jobs (1,000 less than in July 2015). After setting the bar so high in recent months—and beating various records in the process—the region is now in a transition period as these new positions are absorbed. A monthly drop in employment in August is fairly typical as similar situations were observed in 2012, 2013 and 2014.