October 2011

Business Environment

Economic update - third quarter 2011

Economic update - third quarter 2011

The global economy has certainly been put to the test in 2011. Growth prospects have been called into question on multiple occasions since the beginning of the year due to increased public debt, geopolitical tensions, natural catastrophes and the risk of economic overheating in the emerging countries.  Despite these various bumps and jolts, the Canadian economy held steady, with GDP up 0.3% in July-the largest increase since January.

In line with the Canadian economy, the Quebec City census metropolitan area (CMA) managed to excel despite the gloomy global outlook. Although the region is not completely immune from international events, it has certain characteristics that enable it to stay focused on growth. Real GDP was up 0.3% in the second quarter thanks to the fine performance of the services and construction sectors. Growth is expected to continue in the third quarter, thanks to a solid job creation record (14,600 jobs added in the third quarter) and a large number of major projects already under way.

ITC and electronics

TeraXion and NKT Photonics expertise successfully integrated in one of the world's most important astronomical projects

NKT Photonics, the industry leading manufacturer of fiber lasers, and TeraXion, a leading-edge manufacturer of ultra stable frequency-stabilized lasers, are proud to announce that a laser system at 1556 nm developed from their joint technologies has successfully been incorporated as a master clock in the world's largest and most powerful radio astronomy telescope, the Atacama Large Millimeter Array (ALMA) telescope, located in the Atacama desert of northern Chile.

Life sciences

MyHealthyWaist Revolutionizes Cardiometabolic Risk Evaluation

The International Chair on Cardiometabolic Risk of Université Laval in partnership with Nurun,  announced the launch of MyHealthyWaist, an iPad application designed especially for health professionals.

Environment and energy

Major investment for ArcticNet research activities

osted at Université Laval, the network of centres of excellence of Canada ArcticNet will receive $67.3M to study the impacts of climate change in the coastal Canadian Arctic.

Transportation and materials

A new cutting-edge, aerodynamic semi trailer cuts significantly CO2 emissions reduction

This  new semi-trailer, conceived in part and tested in Université Laval and in partnership with FPInnovations, Manac and Cascades, allows for a fuel economy of up to 6% as well as a 14-tonne reduction in CO2 emissions.

Insurance

Desjardins Group among the TOP 20 on Global Finance's 2011 list of the world's safest banks

For its 20th annual ranking of banks, New York-based Global Finance compared the 500 largest banks worldwide based on total assets and long-term credit ratings from Moody's, Standard & Poor's and Fitch. Internationally, Desjardins ranks ahead of many of the top banks from the U.S., Europe, Asia and the Middle East.

Food processing

A nutritional supplement created at INAF: for optimal sports performance

The nutritional supplement developed and tested by researchers at INAF is now available in stores under the name CranLoad Sport. Launched in late July in the U.S., this unique natural product improves recovery after an intensive practice of a sport. It was developed at Laval University by a team of researchers from the Institut des nutraceutiques et des aliments fonctionnels (INAF).

Awards, Distinctions and Promotional Activities

Astronaut Julie Payette named Quebec scientific delegate in Washington

Astronaut Julie Payette named Quebec scientific delegate in Washington

Mr. Sam Hamad, Quebec Minister of Economic Development, Innovation and Exportation has announced the nomination of Canadian astronaut Julie Payette as Quebec's scientific delegate in Washington D.C.