Why Québec?
Business Environment

With a population of 8 million, Québec is a major economic player on the Canadian scene.


Illustration indicating “$82 billion in exports” and “70% to the U.S.”

  • Québec was able to steer a steady course through the recent global economic crisis, showing just how solid its economy is! For example, the annual unemployment rate held fast at 7.6% in 2015 while per-capita GDP climbed to $45,048.
  • The value of Québec’s exports has grown consistently and now stands at $82 billion. Nearly 70% of those exports go to the U.S.


Photo of signed legal documentsAll of Canada’s banks and insurance companies successfully weathered the recent global economic crisis. The regulatory, control and compensatory infrastructure that governs the Canadian banking system also ensures the stability, growth and competitiveness of Québec’s financial institutions.



In 2014, the World Economic Forum’s Global Competitiveness Report ranked the Canadian banking system as the world’s soundest for the seventh year in a row.

Conceptual illustration of free trade (businesspeople, a city and a map of the world)

Québec is open to the world and a member of the World Trade Organization (WTO), which helps keep trade flowing smoothly.


Here are some of the trade agreements that have eliminated tariff barriers:


  • NAFTA: Canada, the United States and Mexico
  • CCFTA: Canada and Chile
  • CCRFTA: Canada and Costa Rica
  • Agreements reached with Israel, Peru, Colombia, Jordan, Panama, Honduras and, most recently, South Korea


Canada has also negotiated an agreement in principle on a Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU).


Canada will become one of the first industrialized nations with access to the world’s two largest markets, namely the United States (319 million consumers) and Europe (over 500 million consumers).

Photo of businesspeople from different originsQuébec has a unique asset in North America: its rich cultural diversity. In addition to French and English, some 80 languages are widely spoken in Québec, including Italian, Spanish, Arabic, Greek, Chinese, German and Portuguese.


  • About 3.4 million Quebecers, or 42.6% of the population, are able to speak both French and English.
  • Montréal, a cosmopolitan city par excellence, is home to more than 120 ethnocultural communities, 70 international organizations and nearly 20,000 international students.

Linguistic diversity working for business 

Unique in North America, Quebecers' language skills enable them to forge ties with countries around the world and deliver exceptional customer service.


Contact your expert

Benoît Larouche

Director, Business Development, New York

212 843-0976