Québec International is celebrating the announcement today by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, that the Government of Canada is funding an AI-driven supply chain supercluster.
Québec International has released the results of its 8th annual Conjoncture survey (Conjoncture 2018), a business confidence survey of CEOs in the greater Québec City area. The survey, which was conducted by Léger from January 8–19 and questioned 175 business leaders in the area, indicated that it’s all systems go when it comes to 2018’s economic prospects.
Montréal International and Québec International have joined forces to promote Québec’s advantages and its Life Sciences and Health Technologies (LSHT) industry to foreign investors around the world. With Dominique Anglade, Deputy Premier of Québec and Minister of Economy, Science and Innovation, and Gaétan Barrette, Minister of Health and Social Services, in attendance, a new video highlighting the appeal of the sector was launched before 150 partners and key players from the LSHT ecosystem.
Carl Viel, Québec International (QI)’s Chief Executive Officer, is proud to announce that the region and its Economic Development Agency have received a record 12 prizes over the past few weeks. Several QI initiatives dedicated to promoting the region, attracting foreign talent and supporting key regional clusters were deemed to be among the best in the world.
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.
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.
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.
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%.
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.
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.
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.
New Global Talent Stream to help Quebec businesses innovate and grow
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.
Local businesses in the Québec City area will enjoy new job opportunities following the creation of the new Foreign Trade Zone (FTZ) point. The designation will help businesses facilitate exports and create jobs for the middle class. This designation was announced in the presence of the Honourable François-Philippe Champagne, Minister of International Trade, and Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Health, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
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).
As part of an international outlook event (Perspectives internationales 2017), Carl Viel, President and CEO of Québec International, and Caroline Roy, Vice-President of Léger's Quebec City office, released the results of the annual business confidence survey of CEOs in the Greater Quebec City region (Conjoncture 2017).
The Quebec City census metropolitan area (CMA) kicked off 2017 in fine style by adding 1,300 jobs in January, for a total of 446,600 jobs. For the third consecutive month, unemployment in the region held steady at 4.3%, one of the lowest rates in Canada.
Québec International would like to take this opportunity to express its solidarity with all of Quebec City's Muslim community in the wake of last night's tragic events at the local Islamic cultural centre (Centre culturel islamique de Québec).
Real GDP rose by 1.3% to $34.6 billion in the Quebec City census metropolitan area (CMA) in the third quarter of 2016 compared with the same period in 2015. During the first nine months of 2016, real GDP in the Quebec City region was up +1.4% compared with the same period in 2015.
According to Statistics Canada's Labour Force Survey, the Quebec City census metropolitan area (CMA) posted the lowest unemployment rate in Canada in 2016 (4.6%). The regional unemployment rate remained under the 5% mark for the second year in a row (4.7% in 2015).
The Québec City region is outperforming its rivals when it comes to business operating costs. The 2016 edition of KPMG's Competitive Alternatives confirms that Québec City continues to be ranked #1 worldwide among comparably sized urban areas (i.e. over 500,000 inhabitants in mature markets) in terms of its competitive cost advantages. According to this biennial study, it is 16.1% cheaper to set up a company and do business in Québec City, compared with the US average — a marked improvement over the 2014 result (9.3% cheaper).
After years of sustained collective effort, Université Laval has achieved carbon neutrality by massively reducing its greenhouse gas emissions at the source and using carbon credits to offset the rest. A leader in sustainable development, Université Laval is the first university in Québec to reduce its greenhouse gas (GHG) emissions to zero, and the first in Canada to do so in the absence of any legal imperative.
ABB, a world leader in energy and automation technologies, celebrated the official inauguration of its new high-tech Measurement & Analytics facility in Quebec City today in the presence of Jacques Daoust, Minister of the Economy, Innovation and Exports, Régis Labeaume, Mayor of Quebec City, and Nathalie Pilon, the newly appointed President and Chief Executive Officer of ABB Canada. The new 85,000-square-foot facility is located in the Espace d'innovation Michelet, a next-generation technological park in Quebec City, and represents a $20-million investment. The building is LEED-certified, aligning with ABB's commitment to sustainable development. This project was executed in cooperation with Groupe Commercial AMT and Quebec City.
Olympus NDT Canada Inc. announces the purchase of 33,000 m2 of land in Québec City’s Michelet Innovation Zone and the start of construction on a new office and manufacturing complex. Olympus NDT Canada currently leases space in three locations in the Québec City area. Purchasing this land demonstrates Olympus’ commitment to the region and enables business and manufacturing operations to be consolidated in a single location.
Recent foreign direct investments announced for Québec City show that the region is successfully holding its own in the face of international competition. This year alone, Medicago (Japan; vaccine production facility and R&D centre), Thales (France; joint research unit in urban science), OVH (France; R&D centre in digital services), Larian Studios (Belgium; video game studio), and Microsoft (United States; cloud services data centre) have already announced over $300 million in investments in Quebec’s capital city.
Université Laval has obtained the largest research grant in its history for the massive Sentinelle Nord research program: a $98 million award from the federal government’s $350 million Canada First Research Excellence Fund.
Medicago, a major Canadian biotech company and an international leader in the development and production of plant-based vaccines and therapeutics, is proud to announce that Quebec City will be home to its new production complex. The $245 million project will create 200 new high-skilled jobs by 2019, adding to the team of 180 employees already working at Medicago’s Quebec City office and laboratories. The project is expected to generate more than $461 million in direct and indirect economic benefits over the next five years.
Québec International (QI) released the 2014 highlights from its annual report earlier this spring. In the coming weeks we will examine QI’s results and the kind of work our professionals perform as part of our six mandates. Discover the talents of our foreign investment experts.
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, was joined today by Mario Girard, President and Chief Executive Officer of the Quebec Port Authority, to announce $60,219,333 in federal funding for the project to construct a deepwater multipurpose terminal at the Port of Quebec, under the National Infrastructure Component of the New Building Canada Fund.
French multinational OVH, a backronym for “On vous héberge” or “We Host You,” announced on Thursday, April 16, that it had chosen Québec City as the home for its North American R&D centre. The centre will specialize in, among other things, customer experience, and will hire 50 highly skilled employees.
TELUS is investing $64 million in new communications infrastructure across the Greater Québec City area this year to connect thousands of homes in Saint-Raymond directly to TELUS’ fibre optic network, enhance wireless capacity and speed, and extend the reach of TELUS Health technology.
Larian Studios, the award-winning Belgian developer of hits like Divinity: Original Sin and Divinity: Dragon Commander, officially announced its plans to establish a studio in Quebec City. Larian Québec, a subsidiary of the acclaimed developer, will begin work on new games and take advantage of the talent and creativity that abound in Quebec City. The company is currently in hiring mode and aims to employ 40 people in Quebec City over the next three years.
According to the 2015-2016 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in two categories (Business Friendliness and Best fDi Strategy). A total of 421 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
Québec City is proud to welcome the annual Plenary Assembly of the International Federation of Sport Climbing (IFSC) in March 2017. The city will be the first in North America to host this gathering of the international competitive climbing community’s most senior executives.
The Quebec government has raised the games tax credit available to local game studios back up to 37.5 per cent, following cuts to the scheme last year. Increased incentives already available to studios in province.
Davie – voted North America’s #1 Shipbuilder in 2015 – is celebrating its 190thanniversary this year. In 1825, English sea captain, Allison Davie founded what is now Canada’s largest and highest capacity shipbuilder. Today, Davie is also the largest employer of skilled shipbuilders in Canada. Throughout the past 190 years, Davie has built every type of vessel imaginable from the largest of warships for the Canadian, British and French navies to the largest of offshore rigs for international oil companies.
Canada Green Building Council (Québec Section) in collaboration with the Bâtiment Vert et Intelligent network (BVI), visited the Québec City Convention Centre’s expansion on February 17 to experience firsthand an eco-friendly facility.
Michel Dallaire, Chairman of the Board and Chief Executive Officer of Groupe Dallaire, unveiled at a press conference on Wednesday the ambitious undertaking slated to transform the current îlot des Gouverneurs site: Le Phare de Québec. The $600 million investment project will offer over two million square feet of mixed-use space and notably featuring a 65-storey tower. The complex will be complemented by three sister towers of between 25 and 30 storeys each.
Lumenpulse adds to its portfolio of proprietary technologies by joining forces with Ariane Controls, a long-time provider of Powerline Communication (PLC) solutions, based in Québec City.
Representing the economic development initiatives of Vancouver, Calgary, Saskatoon, Winnipeg, London, Waterloo Region, Toronto, Ottawa, Greater Montréal, Québec City and Halifax, the members of the Consider Canada City Alliance (CCCA) met in Ottawa on February 3rd and 4th, 2015 to plan their 2015 activities, building on their common investment attraction objectives. This bi-annual meeting also served as an opportunity to elect the new CCCA Board of Directors led by Chair Carl Viel, CEO of Québec International, Vice-Chair Ian McKay, CEO of Vancouver Economic Commission, and Bruce Graham, CEO of Calgary Economic Development.
TELUS (TSX:T)(NYSE:TU) has acquired a 20 per cent stake in Alithya, a Quebec-based information technology and consulting service provider with a Canadian and international scope. Drawing on each firm's respective expertise, the two companies have struck a long-term strategic partnership where each will offer suites of information and communication technology (ICT) services, with a focus on managed infrastructure solutions, to their business customers.
Servicing the best in online group travel, HotelPlanner.com and Meetings.com announces the compagny’s 204 top 50 group and meeting friendly hotels. In Canada, only 10 hotels received this award, two in the province of Québec but only one in Québec city : the Hilton Québec.
Nearly 1,500 athletes and their entourages are coming to Québec City from the four corners of the planet to compete in the Winter World Masters Games, January 31 to February 8, 2015. Competitors age 30 and over will participate in over 2,000 events.
By March 31 the Québec City Convention Centre will have hosted 156 events, including a remarkable 17 international conferences. It all adds up to 155,000 room-nights at local hotels, with economic spinoffs from some 210,000 convention goers estimated at $101 million. Another 27 international conferences and meetings will have come and gone by December 31, 2016.
Ivanhoé Cambridge announces today an investment of more than $50 million in the redevelopment and continuing modernization of its Place Ste-Foy shopping centre in Quebec City. The work will help maintain the centre's strong position as a leading shopping destination in the Quebec City region.
Davie - Canada's largest shipbuilder - announced a series of accomplishments, achieved over the past three weeks.
Opsens Inc. ("Opsens") (TSXV:OPS) is pleased to announce the first use of its Fractional Flow Reserve ("FFR") products in Europe by the "founding fathers" of FFR, namely Dr. Bernard De Bruyne at the Cardiovascular Center Aalst, Belgium and, shortly, by Professor Nico Pijls, at the Catharina Hospital, Eindhoven the Netherlands. The OptoWire and OptoMonitor are Opsens' products for FFR measurements to optimize the diagnosis and guide the therapy in patients with coronary heart disease.
Québec International announced today the launch of the CONEQT program with a view to securing the business corridor between Quebec City and Silicon Valley.
Québec International's mission is to contribute to the economic development of the Québec City metropolitan region and enhance its international status. As a regional economic development agency, Québec International fosters growth and development, supports key business sectors and attracts talent and investment to the region. The agency is supported by public and private partners; particularly with the financial support from the Government of Québec (ministère de l'Économie, de la Science et de l'Innovation, Emploi-Québec, Secrétariat à la Capitale-Nationale/National Capital office), Economic Development Canada and the Ville de Québec.