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.
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.
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.
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%.
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.
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.
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.
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%.
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.
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).