Economic News - For the past few months, Québec City's labour market has been at peak performance. Since May 2015, the region has been posting monthly totals of more than 441 ,000 jobs. This dynamic has been helped along by a variety of factors, including job diversity, the completion of various major projects, revenue growth and a rosier international economic outlook.
Economic News - 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.
Economic News - 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.