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.
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.
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.
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.