Economic Radar - Q1 2011

Business Environment

 

US AIrways announces new, daily, year-round service between Philadelphia and Quebec City

US AIrways announces new, daily, year-round service between Philadelphia and Quebec City

US Airways Express carrier Air Wisconsin will operate the three daily flights with 50-seat CRJ-200 regional jets. Book tickets starting February 12, 2011. The first flight to Quebec City is on June 2, 2011.

 

Federal government announces $50 million investment at Jean-Lesage International Airport

Federal government announces $50 million investment at Jean-Lesage International Airport

This opens the door to the first stage of the second phase of the airport's expansion project. Totalling $225 million, this stage includes the expansion of the international sector, including relocations which will allow for the expansion of the apron.

 

Espace Québec Magazine launches "Selector's Guide to Quebec City"

Espace Québec Magazine launches "Selector's Guide to Quebec City"

Espace Quebec, in partnership with the City of Québec and Québec International, presents an informative guide to the world class business attributes and advantages that Quebec City offers North American corporations that are considering a new location for their business or investments.

 

$30 M for “Fonds Capital Anges Québec ”: good news for angels and entrepreneurs

$30 M for “Fonds Capital Anges Québec ”: good news for angels and entrepreneurs

Anges Québec and its 70 angels applauded today's announcement by Québec Finance Minister Raymond Bachand to earmark $20M in the 2011-2012 provincial budget for the creation of the Fonds Capital Anges Québec.

 

Economic update : 2011 first quarter

According to the latest published data, the Quebec City metropolitan region recorded solid economic growth in 2010, with GDP rising by 3.7% (one of the best performances in Canada). Meanwhile, more than 15,000 jobs were created and unemployment held steady at 4.9%. In addition, housing starts reached a record high of 6,650 units. Some 40 private non-residential construction projects valued at approximately $1.7 billion were completed or launched despite the uncertain economic climate.

The first-quarter results for 2011 indicate that the gains made in 2010 had a positive knock-on effect this year. The employment market showed renewed vigour, while various new residential construction projects kicked off or are about to begin. In the non-residential sector, various favourable factors will contribute to the launch of major new initiatives.

 

Regional Economy : Report, Outlooks and updates

Regional Economy : Report, Outlooks and updates

Economic Report and Outlooks for the Quebec City Census Metropolitan Area (2010-2011), is conducted by Québec International. In addition to addressing key economic indicators for assessing regional performance, it takes an objective look at the results achieved in 2010 and those expected for 2011-2012. Changes in a number of regional economic variables are also compared with those of seven other metropolitan areas in Canada: Montreal, Toronto, Ottawa, Winnipeg, Calgary, Edmonton and Vancouver.

Also, for every fiscal quarter, Québec International  publishes an update of the region's economic portrait and analysis of its key economic indicators. Fetaured here are the first two economic documents published so far this year.