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.
Larian Studios, the award-winning Belgian developer of hits like Divinity: Original Sin and Divinity: Dragon Commander, officially announced its plans to establish a studio in Quebec City. Larian Québec, a subsidiary of the acclaimed developer, will begin work on new games and take advantage of the talent and creativity that abound in Quebec City. The company is currently in hiring mode and aims to employ 40 people in Quebec City over the next three years.
Québec International and the City of Québec announced today the launch of the initial operations of Québec City's high-tech incubator/accelerator. Located in the heart of Québec City's Saint-Roch neighbourhood, Le CAMP is destined to become the new hub of Québec City's entrepreneurial hi-tech community. Régis Labeaume, Mayor of Québec City, and Carl Viel, CEO of Québec International, were present for the announcement.
Representing the economic development initiatives of Vancouver, Calgary, Saskatoon, Winnipeg, London, Waterloo Region, Toronto, Ottawa, Greater Montréal, Québec City and Halifax, the members of the Consider Canada City Alliance (CCCA) met in Ottawa on February 3rd and 4th, 2015 to plan their 2015 activities, building on their common investment attraction objectives. This bi-annual meeting also served as an opportunity to elect the new CCCA Board of Directors led by Chair Carl Viel, CEO of Québec International, Vice-Chair Ian McKay, CEO of Vancouver Economic Commission, and Bruce Graham, CEO of Calgary Economic Development.
At the initiative of Québec International, the eighth annual Quebec City Healthcare Industry Forum (FISQ) will be held on December 2. This daylong event will bring together key stakeholders from this vitally important sector, including clinicians, professionals, healthcare system managers, industrialists, researchers and experts. The attendees will be pursuing a shared goal: to find solutions in which innovation is genuinely placed at the service of Quebecers' health.
Québec International announced today the launch of the CONEQT program with a view to securing the business corridor between Québec City and Silicon Valley. The result of a partnership with Expansion Québec, which has a commercial office in San Mateo in the heart of the Valley, CONEQT provides tech companies in the Québec City region with market intelligence, development, and support services through dedicated resources for up to 6 months.
Québec International has distinguished itself once again by earning two awards of excellence from the International Economic Development Council (IEDC) at its International Conference, which was held in Fort Worth, Texas, from October 19 to 22, 2014. Québec International won Gold in the category of cities with a population greater than 500,000 for its customized e-newsletter and Bronze for its technology entrepreneurship program. Last year, IEDC presented QI with the Gold award for its Invest in the Québec City Region brochure.
Now more than ever, the Quebec City region is asserting itself as a major hub in the province's life sciences sector as it gets set to host the second annual Healthcare Innovation Week, which will be held from Dec. 1-3 at Quebec City's convention centre (Centre des congrès). This will be a prime opportunity for proponents of innovation to address Quebecers' health needs. Several hundred key healthcare stakeholders are expected to attend, including industrialists, researchers, managers and decision-makers, all focused on the performance of our rapidly changing healthcare system.
For the eighth consecutive year, Québec International (QI) has been named one of the Top Canadian Economic Development Groups in Canada’s Best Locations 2014, as announced in the current issue of US-based Site Selection magazine. This ranking pays tribute to the country's top 10 economic development agencies.
The Government of Quebec, Investissement Québec, Invest in Canada and Québec International are pleased to be associated with the Industrial Asset Management Council (IAMC) professional forum that will be held in Quebec City. This is the first time that this event will be held outside of the United States. It will be a unique opportunity to showcase the assets of Canada, the province of Quebec and the Quebec City region to a select clientele of American investors. Nearly 400 participants are expected to attend this forum, which will be held from September 13 to 17 at the Quebec City Convention Centre.
In the first half of 2015, the Quebec City CMA turned in one of the strongest performances nationwide. Compared with the same period in 2014, real GDP was up 2% to $34.5 billion. The region continued to expand, even though a number of factors appear to be hindering growth in certain parts of Western Canada.
Québec City's labour market continues to draw headlines. In July, regional unemployment stood at 4% (unchanged from June), the second-lowest rate in Canada. The region posted a total of 446,300 jobs, up 9,600 from the same period last year. As a result, Québec City is positioned as one of the main job creation centres in Québec and in the rest of Canada.
Non-residential investments totalled $490.5 million in the Québec City CMA in the first half of 2015, down 15.3% from the exceptional level posted in the same period in 2014 ($579.3 million). This trend was also observed in other Canadian regions. Major non-residential projects remain numerous in Québec City, although a number of them were concluded early in the year and thus drove expenditures down.
More good news: the Quebec City CMA added 800 jobs in June compared with the previous month. This was the fifth consecutive monthly increase, a trend that the region shares with only two other Canadian urban areas (Toronto and Winnipeg). The performance in June also helped to close the second quarter with a gain of 14,500 jobs compared with the first quarter, good for second place in Canada. Unemployment continued to drop to 4%, one of the lowest rates seen over the past seven years.
For the third straight month, Quebec City's labour market fared very well. In May, the region recorded a total of 446,100 jobs, up 8,800 from April. This was the second largest gain in the country, behind Toronto. Thanks to this strong performance, the region posted an annual gain of 12,100 jobs since May 2014.
The month of April was a good one for Quebec City's labour market. The region posted a total of 437,300 jobs, up 4,900 from March. In addition, Quebec City's unemployment rate was 5%, one of the lowest in the province as well as across Canada.
Although spring is late in arriving, Quebec City's employment market has been heating up nicely thanks to an excellent performance in March. The metro region created 6,600 jobs since February, reaching a total of 432,400. This was the best result in the province and the second best in Canada (behind Toronto). In addition, spurred by the March results, the Quebec City region finished the first quarter with a net increase of 6,800 jobs compared with the fourth quarter of 2014. Once again, the Quebec City region turned in an exceptional performance, good for second place in Quebec and fifth overall in Canada.
Québec City's labour market in February was virtually the same as in January. The metro region was home to 425,800 jobs, up 200 from January. It should be noted that in January, the region finally put an end to five straight months of job losses. The unemployment rate remained unchanged at 5.6% in February (the lowest unemployment rate in the province) as the workforce and the employment rate both grew by 0.1%.
Work continued on various major projects in the Québec City CMA in 2014, generating $1.1 billion in non-residential investments. The region came close to matching its banner year in 2013, despite an annual decline of 3.4% or $38.7 million.
The Quebec City CMA kicked off the year with 425,600 jobs in January 2015, unchanged from December 2014 but ending five consecutive monthly declines. Regional unemployment rose from 5.4% in December to 5.6% in January due to a 0.6% expansion of the workforce, which was not accompanied by an increase in employment. Nevertheless, the region posted the lowest unemployment rate in the province and one of the lowest in Canada.