November 2013

Business Environment

 

Consider Canada City Alliance Representing 59% of Canadian GDP Delivers Infrastructure Opportunity Message on CETA During Three-City European Investment Mission

Recognizing the massive opportunity of Canada's largest trade deal ever offering market access to a European Union population of 500 million people, this week the Consider Canada City Alliance Inc. is on a three-city EU investment mission in support of the Comprehensive Economic and Trade Agreement (CETA). The European Commission estimates CETA could boost bilateral trade between Canada and the EU by 23%, or CDN$37.7 billion.

 

Mexico Days in Québec

After taking part in the trade mission to Mexico from June 26 to 29 led by Québec Premier Pauline Marois, the Board of Trade of Metropolitan Montreal and Québec International are pleased to confirm next spring’s Mexico Days in Québec, organized in cooperation with the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE). This announcement, made by Lorenzo Ysasi Martínez, the COMCE’s Director General and Director for North America, during the business luncheon “Mexico-Québec: A North American Alliance,” held in the Premier’s honour on June 27, came on the heels of a meeting in Mexico City between the COMCE, the Board of Trade of Metropolitan Montreal and Québec International.

 

Quebec International’s Invest in the Quebec City region brochure receives canadian and international honours

Quebec International’s Invest in the Quebec City Region brochure was honoured at the Marketing Canada Awards organized by the Economic Development Association of Canada (EDAC) and held in St. John’s, Newfoundland on September 24. In addition, the Washington-based International Economic Development Council (IEDC) presented Quebec International with its award of excellence today at its annual conference in Philadelphia, which attracted more than 1,300 participants from 17 countries.

Released in April 2013, the brochure seeks to promote the Quebec City region’s main competitive advantages to relayers and foreign investors. It was produced in collaboration with Deloitte, which conducted a portion of the strategic research and analysis, as well as the LG2 agency, which contributed creative talent.

 

The Québec City Convention Centre generates $104.1 million in economic spinoffs in 2012–13

The Québec City Convention Centre had a great year in 2012–13, generating $104.1 million in economic spinoffs, including $32.1 million from the 15 international conventions it hosted. This represents a 7.4% increase over 2011–12 ($96.9 million), due in large part to increased numbers of visitors from the rest of Canada and abroad. Events hosted at the Québec City Convention Centre were also very profitable for Québec City hotels. Convention Centre business accounted for 168,591 person-nights, 20% of all convention-related stays in the region. The hotel and restaurant industry benefited with $27.4 million in economic activity.

 

Federal government funding assists the Consider Canada City Alliance to attract more foreign investment into Canada

The 2013 round of funding from the Invest Canada – Community Initiatives (ICCI) program today confirmed $90,000 for the Consider Canada City Alliance Inc. while an additional $1.3 million will be distributed among the 11 member cities of the Alliance. The program is designed to help communities attract, retain and expand Foreign Direct Investment (FDI). ICCI supports non-profit and public-private partnerships at the local community level and the program is run by the Ministry of Foreign Affairs, Trade and Development Canada. 

 

Quebec airport first to use new SITA service to unlock data

Quebec City Jean-Lesage International Airport has become the first airport in the world to implement SITA’s innovative Aviation Operational Statistics (AOS) Data Transformation service allowing it to have data from multiple airlines seamlessly incorporated into its airport management system.

 

Non-residential investment up 18% in the Quebec City region

Non-residential investment stood at $537.4 million in the Quebec City CMA in the first six months of 2013, up 18% from the same period in 2012. In historical terms, the region recorded its best first half of the year since 2009 ($545.1 million). It also recorded the second-highest growth rate among Canada’s eight main metropolitan areas, behind Vancouver (+21.3%).