With a population of 8 million, Québec is a major economic player on the Canadian scene.
According to Forbes and Bloomberg, Canada is the best G20 country for doing business. What’s more, the Economist Intelligence Unit predicts that the country will keep that top spot for the next five years.
Canada is a favourite destination for foreign direct investment, having been the 3rd largest recipient of FDI inflows in the G20. over the five-year period between 2010 and 2014.
According to the World Bank, Canada led all G-7 countries in economic growth between 2006 and 2014.
For eight years in a row, the World Economic Forum named Canada’s banking system as the soundest in the world.
Canada and the United States have excellent trade relations, a significant advantage for commerce between the two countries.
All 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.
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:
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).
Québec 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.
Unique in North America, Quebecers' language skills enable them to forge ties with countries around the world and deliver exceptional customer service.