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Economic news

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.

Québec City CMA records unemployment rate of 4.2% in April

Economic News - In April, the Québec City CMA recorded an unemployment rate of 4.2%, a small 0.1 percentage point raise compared to March. This allowed the CMA to preserve its 2nd place in Canada.

Québec City CMA: Non-residential investment surged 2.4% in the first quarter of 2017

Economic News - The Québec City CMA kicked off 2017 with investments of $192.5 million on the non-residential market in the first quarter, an increase of 2.4% compared to the same period in 2016. In the province of Quebec, the value of non-residential investment reached $2.2 billion for the first three months of 2017, an annual increase of 2%.

Real GDP: The Québec City CMA Confirms 25 Years of Economic Growth

Economic News - According to The Conference Board of Canada, the area’s real GDP was $34.6 billion in 2016, a gain of 1.6% compared to 2015. This performance places Québec City as the only major metropolitan area in Canada to have maintained continuous economic growth for 25 years.

Quebec City region creates 2,100 jobs in the first quarter of 2017 as unemployment drops to 4.1%

Economic News - The Quebec City census metropolitan area (CMA) created 2,100 positions in the first quarter of 2017, marking a total of 447,400 jobs. The region still has one of the lowest unemployment rates in Canada (4.1% at the end of March).

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