October 2012

Business Environment

 

Economic Update Quebec City Metropolitan Region - October 2012

Economic Update Quebec City Metropolitan Region - October 2012

The Quebec City census metropolitan area (CMA) turned in a decent performance in the third quarter of 2012. The low unemployment rate (5.2%), the addition of 1,161 housing starts, the projects under way (valued at $7.5 billion) and the local tourist attractions helped position the region among Canada’s top-performing economies. Needless to say, it is not completely immune from global uncertainties, which offset the increase in certain indicators and take time to dissipate. The slowdown observed in Quebec City’s employment market this summer offers us a reminder of that fact.

 

Government of Canada provides funding to strengthen international positioning of Québec City region

The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced that the Office du tourisme de Québec (OTQ–Québec City Tourism) and Québec International (QI) have been granted financial support from the Government of Canada to increase the Québec region’s international presence.