A solid, dynamic business environment
Photo of businesspeople engaged in discussion
Québec is known for its diversified economy, its strategic location, its abundant natural resources, its numerous free-trade agreements, its booming exports and its capacity for innovation, especially in high-tech and cutting-edge industries like aerospace.
A competitive workforce
Photo of a scientist working in a laboratory
From art and design to science and high tech, Québec workers are recognized for their diversity and the remarkable creativity they show in every area of endeavour. They have also earned a reputation for their expertise and
Innovations and commercial success stories
Photo of a Ubisoft Montréal video game programmer. Courtesy of Ubisoft Montréal
It’s well known that Québec is a hotbed of creativity and innovation. This is where many important medications were discovered and a host of innovative solutions in aerospace, robotics and high-tech were developed. Did you know that enticing tax credits are available to companies that choose to set up in Québec?
With a population of over 8 million, Québec is a major economic player on the Canadian scene.
The growth of Québec’s real gross domestic product (GDP) has picked up speed, climbing from 1.4% in 2016 to 3.0% in 2017.
The province’s unemployment rate has dropped significantly in recent years, down to 6.1% in 2017.
The value of Québec’s exports hit $85 billion in 2017, with over 70% of them going to the U.S.
Québec City and Lévis are part of the first Foreign Trade Zone in Québec and the ninth in Canada. This hub of international trade is set to attract more investors and help businesses access foreign markets.
Between 2014 and 2017, Canada had one of the best GDP growth rates of the G7 countries. According to economists’ projections, this favourable situation should continue until 2019.
According to the Legatum Prosperity Index*, Canada ranks first among G7 countries and first among G20 countries for overall prosperity based on material wealth and personal well-being.
When it comes to attracting foreign direct investment (FDI), Canada’s leadership is enviable. In terms of per-capita FDI inflows, Canada was the top performer among the G7 countries and ranked second among the G20 countries, after Australia.
Well-regulated banking system
Image illustrating the security of the Canadian banking system Foreign investors have good reasons to trust Canadian banks: In 2017-18, the World Economic Forum’s Global Competitiveness Report ranked the Canadian banking system second-best in the world. It’s also the soundest among G7 countries, largely thanks to the presence of several of the world’s most solid banks. The regulatory, control and compensatory infrastructure that governs the Canadian banking system also ensures the stability, growth and competitiveness of Québec’s financial institutions.