Economic News - The region counted 460,200 jobs in the second quarter of 2018, an increase of 2,800 jobs compared to the first three months of the year. Despite a downturn in employment in June, the Québec City area did very well in the beginning of the year. A total of 8,000 jobs were created in the first semester of 2018, a contrast with the job losses observed over the first six months of 2016 and 2017. As for the unemployment rate, it remained low, at 3.8%, a slight rise compared to the 3.6% registered in the first quarter of 2018. This increase is linked to the growth of the labour force. Regarding unemployment, the region still managed to maintain the 2nd rank in Canada, behind Peterborough (2.7%).
Press releases - Local businesses in the Québec City area will enjoy new job opportunities following the creation of the new Foreign Trade Zone (FTZ) point. The designation will help businesses facilitate exports and create jobs for the middle class. This designation was announced in the presence of the Honourable François-Philippe Champagne, Minister of International Trade, and Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Health, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
Press releases - Québec International would like to take this opportunity to express its solidarity with all of Quebec City's Muslim community in the wake of last night's tragic events at the local Islamic cultural centre (Centre culturel islamique de Québec).
News - At the end of the first quarter of 2016, Desjardins Financial Security (DFS), a subsidiary of Desjardins Group specializing in life insurance, health insurance and retirement savings, posted net income of $99.1 million, compared to $79.8 million for the same period last year.
News - Laval University grad takes on running shoe giants with new company called Math Sport
News - At the end of the first quarter ended March 31, 2016, Desjardins Group, Canada's largest cooperative financial group, posted $382 million in surplus earnings before member dividends—a decline of $82 million compared to the same quarter of 2015.
News - Microsoft Canada announced today that the Microsoft Cloud is now officially open to power even more Canadian businesses. With this announcement, Microsoft Azure is generally available from local datacentre regions located in Toronto and Quebec City, and Office 365 is now offering data residency for Canadian business customers.
News - The 24 new conferences secured by the Convention Centre’s sales team will bring an extra 16,000 business tourists to Québec City this year and in the years to come. That’s over 28,000 overnight stays at hotels and an estimated $18 million in economic benefits for city businesses.
News - Held from July 5 to 7, 2016, the forum—an “idea lab” in the making—is expected to draw some 200 entrepreneurs and economic actors from Canada, Europe, and the United States to discuss their ideas for accelerating business growth and entrepreneurial development. These business leaders will share their experiences and discuss the challenges of growing a business (innovation, financing, risk).
News - Rebuilding Montreal's Champlain bridge is a source of pride for Quebec's Canam. It's also a chance for the company to strut it's stuff.