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Economic news

The Québec City CMA Records a 1,400 Jobs Increase and an Unemployment Rate of 3.2% in February

Economic News - In February, the Québec City CMA recorded a 1,400 jobs increase, reaching a new high of 453,600 jobs. The vigorous labour market was reflected by the unemployment rate, which reached a new historical low of 3.2%, a 0.1 percentage point diminution compared to January.

Québec City CMA: Non-Residential Investment Ups 11.3% in 2017

Economic News - The construction of non-residential buildings generated $912.6M in investments in the Québec City CMA in 2017, representing an 11.3% increase compared to 2016. Québec City recorded the second highest growth among the eight main Canadian metropolitan areas, just after Winnipeg (+18.4%).

2017 Economic Report: The Québec City CMA Creates 4,300 Jobs and Records a Historical Unemployment Rate of 4.2%

Economic News - According to the Labour Force Survey by Statistics Canada, the unemployment rate reached a historical low of 4.2% in the Québec City CMA in 2017, compared to 4.6% in 2016. Concurrently, the number of jobs has reached a peak of 442,800, thanks to the creation of 4,300 jobs in 2017 compared to 2016.

Real GDP grows 2.7% in Q3 of 2017 in the Québec City CMA

Economic News - The Québec City CMA recorded a real GDP of $34.8 billion in the third quarter of 2017, a 2.7% growth compared to the same period in 2016. Following the 2.8% growth recorded in the second quarter, this is the first time since 2010 that the CMA was able to record a growth above 2% for two consecutive quarters.

Québec City CMA: GDP Grows 2.4% in the First Semester of 2017

Economic News - According to The Conference Board of Canada, the real GDP grew 2.4% in the Québec City CMA during the first semester of 2017, reaching $35.1 billion.

Québec City CMA records unemployment rate of 3.8% in August

Economic News - The unemployment rate reached a record threshold of 3.8% in August in the Québec City CMA, placing it at the first rank in Canada. In August, the area counted 437,400 jobs, 1,000 more than the previous month.

Unemployment rate was at 4% in the Québec City CMA in July

Economic News - The Québec City CMA recorded an unemployment rate of 4% in July, a 0.4 percentage point decrease compared to June. This allowed the CMA to reach second rank in Canada.

Québec City CMA: Non-residential investment increased 1.4% in the first half of 2017

Economic News - According to Statistics Canada, $384.9 million were invested in the Québec City CMA in the first half of 2017, a 1.4% rise compared to the first half of 2016. The area observed a rise in capital expenditures for the industrial (+54.2%) and institutional (+28.4%) sectors, while expenditures for the commercial sector slowed down by 13.4%.

A positive half-year for employment in the Québec City CMA

Economic News - For the first semester of 2017, the Québec area showed a cumulative gain of 9,700 jobs compared to the first six months of 2016. The unemployment rate remained low, at 4.4%, a slight rise compared to the 4.1% registered during the first quarter.

A Modest Spring for the Labour Market in the Québec City CMA

Economic News - According to new data released by Statistics Canada, the Québec City CMA counted 441,200 jobs in May 2017, a diminution of 4,300 jobs compared to April. The unemployment rate increased by 0.4 percentage points, reaching 4.6% in May, while remaining among the lowest in Canada.

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