April 2012

Business Environment

Economic Update - April 2012

Economic Update - April 2012

The publication of the latest data confirms that the Quebec City metropolitan region posted solid economic growth in 2011. Indeed, it had one of the highest growth rates in Canada: local GDP grew by 2.4%, beating the annual average of 2.1% recorded in the past three years. Hiring picked up as 15,200 workers were added, bringing the number of jobs created in the past three years to nearly 26,000. Meanwhile, some 100 major private and public-sector projects valued at over $1.8 billion were completed in the Quebec City census metropolitan area (CMA) last year.

The first-quarter results for 2012 suggest that the overall gains made in 2011 carried over into the beginning of the year. The employment market remained on the upswing with an annual gain of 15,200 jobs. Work on investment projects continues as more than 100 initiatives valued at approximately $8 billion are currently underway. In addition, the recent findings of KPMG’s Competitive Alternatives 2012 study confirm the Quebec City region’s leading position in North America. 

Jean-Lesage voted best airport In North America, for a second year in a row

For a second year in a row, the Québec City Jean Lesage International Airport (YQB) has been voted Best Airport in North America in the 0-2 million passenger category according to Airport Service Quality (ASQ), a world-wide survey lead by Airports Council International (ACI) which measures airport client satisfaction.

ITC and electronics

Quebec airport security firm takes on the world

Eric Bergeron doesn't want airports to toss out their security scanners every time they need an upgrade. Keep the hardware, says the founding chief executive of Optosecurity Inc., and let his Quebec City-based company provide the same upgrade through software alone. Mr. Bergeron recently discussed his plans to capture the global security scanning software market with Financial Post technology reporter Jameson Berkow.

Life sciences

Andy Sheldon Named CEO of the Year by Vaccine Industry Excellence Awards at the World Vaccine Congress

Medicago announced that Chief Executive Officer Andy Sheldon was named "CEO of the Year" at the recently held World Vaccine Congress in Washington, D.C. The Vaccine Industry Excellence (ViE) Awards recognize the outstanding achievements of vaccine practitioners and stakeholders across the global industry.

FDA Approves Progensa® PCA3 Assay First Urine‐Based Molecular Test to Help Determine Need for Repeat Prostate Biopsies

DiagnoCure, a Quebec life sciences company that develops and commercializes high‐value cancer diagnostic tests, announced today that the US Food and Drug Administration (FDA) has approved Gen‐Probe's PROGENSA® PCA3 assay, the first molecular test to help determine the need for repeat prostate biopsies in men who have had a previous negative biopsy.

Environment and energy

Innovente Obtains a US Patent for its SHOC™ Process

Innovente is proud to announce the recent granting of a US patent for its proprietary SHOC™ drying process. This patent, valid until 2028, covers the entire process that enables Innoventé to transform organic waste into a solid biocombustible with high calorific value. The patent is assigned to the "Institut de Recherche et de Développement en Agroenvironnement", Innoventé's technological partner.

Transportation and materials

68th International Forest Products Society 2014 Convention

The Québec City Convention Centre will welcome more than 500 delegates from August 10 to 12, 2014. The 68th International FPS 2014 Convention will be held at the same time as the World Conference on Timber Engineering (WCTE), August 10 to 14, 2014. 

Food processing

7th Congress of the International Society of Nutrigenetics / Nutrigenomics

The International Society of Nutrigenetics / Nutrigenomics (ISNN) confirms it will hold its 7th Congress in Québec City, the first edition held in Canada. The Québec City Convention Centre will welcome 400 experts in the fields of nutrition and genetics from October 6 to 8, 2013. 

Awards, Distinctions and Promotional Activities

68th International Forest Products Society 2014 Convention

The Québec City Convention Centre will welcome more than 500 delegates from August 10 to 12, 2014. The 68th International FPS 2014 Convention will be held at the same time as the World Conference on Timber Engineering (WCTE), August 10 to 14, 2014.