|
Quebec's
Economy
In terms of economy,
Québec:
-
Ranks among the industrialized regions on the leading
edge of technology;
-
Is an international leader in aerospace,
biopharmaceutical products, information technology and
telecommunications, hydroelectricity and metallurgy;
-
Has adopted an industrial strategy that focuses on
developing advanced techniques and technology, and
industrial sectors that are competitive in world
markets;
-
Exports near 40% of its gross domestic product (1999);
-
Had an economic growth rate of 3.8% in 1999; according
to estimates made by some private organizations, this
growth rate would be of 3.8 % in 2000 and
2.7 % in 2001;
-
Benefits from the stability of the Canadian dollar
against the American dollar, compared to other major
currencies.
Québec
has all the ingredients: one of the world's most extensive
shipping networks, a sophisticated telecommunications
infrastructure, and all sorts of companies that specialize in
the transportation and distribution of goods. Québec’s
diversified, dynamic industrial structure is highly progressive,
readily responding to world economic trends.
The
exchange rate between the U.S. and Canadian dollars is more
stable than most other foreign currency rates. This stability
and the strong track record of the dollar over time are definite
pluses for companies established in Québec, placing their exports to the United States in a strong competitive position.

Québec
Exports Products and Services Around the World . . .
In 1999, Québec’s exports of goods increased by
7.7 % to reach $62.0 billion, or 55% of its
manufacturing shipments.
Twenty-five per cent of exported goods are value-added
products made in Québec, such as: telecommunications
equipment, aircraft and aircraft engines, automobile,
software, and office equipment.
|
QUEBEC'S
EXPORTS OF GOODS IN 1999 (000 $)
|
|
United
States
|
52,663,122
|
|
Europe
|
5,808,732
|
|
Asia
|
1,487,850
|
|
America
1
|
1,100,834
|
|
Others
|
929,911
|
|
TOTAL
|
61,990,449
|
Foreign
Investments in Québec . . .
Over
1,200 companies from around the world, many with
major international mandates, conduct business in
Québec.
From
1990 to 1999, Québec received $22 billion in direct
investment
Québec has an open economy, which has always welcomed
international investment.

Quebec's
Resources
One
of the world's top transportation networks . . .
Maritime
Shipping
The St. Lawrence River is Europe's main point of entry to the
American continent. Ten Québec harbors are open year-round,
with nearly 40 waterways leading to over 200 seaport facilities
around the world.
The Port
of Montreal
Canada’s prime port for containerized shipments;
One of the major ports on the East Coast, ranking
sixth in North America;
An average of 20 million tons of goods passes through
the Port every year.
The Port
of Québec
Air Shipments
-
Québec has three international airports:
Dorval , Mirabel
and Québec (in Québec City), plus 85 regional and local
airports.
-
About 45 direct flight air carrier serve 140
destinations every week from Dorval and Mirabel airports
in Montréal.
-
Landing rights for cargo flights are 75% to 85% lower
in Montréal than New York, Boston, or Toronto.
-
Quebec
offers air freight services with
guaranteed just-in-time delivery to the four corners of
the world.
Rail Shipments
-
The railroad network, the heart of an efficient intermodal
transportation system, offers daily high-speed containerized
runs connecting Montréal to Toronto, Vancouver,
Detroit, Chicago, New York, and Philadelphia through a
network of 36 specialized intermodal terminals.
Trucking
In value, 66 % of all exports from Québec to the
United States via the highway system. And it is no
wonder that in the Montréal area alone, more than
25,000 trucks are used for commercial purposes.
State-of-the-art
telecommunications network technology . . .
-
A range of satellite and cellular networks ensure reliable
data transfer to expedite follow-up on goods during shipping
and speedy customs clearance on arrival.
-
Montréal is Canada's telecommunications center with
world-class telecommunications infrastructures.
All overseas telecommunications are handled here at the Bell
Canada and Teleglobe Canada network monitoring
centers.
Specialty
services . . .
Many specialized companies offer efficient services at
competitive rates for each step in the transportation and
distribution system.

Labor
Costs
According
to KPMG studies conducted in 1999, labor costs in
Québec are 31% lower than in the United States.
Québec offers an abundant workforce at extremely
competitive rates - professional, technical, or production
staff alike.
Many studies show that labor costs in Québec are well
below those in the United States, particularly employers’
contributions to employee benefits. Contributions to
national retirement plans, unemployment and health
insurance, additional private health insurance plans, and
life and retirement insurance, are higher in the United
States than in Québec.
The low turnover rate of specialized workers in Québec
is a significant competitive advantage in terms of operating
costs, compared to the United States with its extremely
mobile workforce.
In Québec, all forms of energy are plentiful, reliable,
and available at a competitive price. Québec
electricity rates are among the lowest in the world.

Electricity
Rates
Natural gas is available in most regions of Québec, at
reasonable rates, which can be negotiated with Gaz
Métropolitain, the largest supplier of natural gas in
Québec. Some brokers also offer long-term (20 years)
contracts at lower rates.
Natural
Gas Rates
According to KPMG,
construction costs for industrial buildings in Québec are
some of the lowest in North America and Europe.
According to Colliers International, office space costs
less to rent in Québec than in most other parts of the
world.
Québec has one of North America's most advantageous
corporate taxation structures. Low income tax rates works to
the advantage of dynamic companies with steadily rising
profits.
In Québec, consumption taxes are paid not by the
company, but by the end consumer of goods and services.

Consumption
taxes
Québec businesses benefit from a very favorable
consumption tax system. Unlike the system currently in place
in most American states and other Canadian provinces, the
Québec system means that companies do not have the shoulder
the tax burden for purchases made in the course of
commercial activities.
Goods
and services Tax (GST)
The Canadian GST is similar to the value-added tax (VAT)
in European Union member countries. A company collects the
GST from its customers, 7% of the selling price for the
product or service. However, company generally get a refund
or credit for GST paid on the purchase of goods or services
used in their business activities.
Québec
sales tax (QST)
The QST - 7.5% applies to selling prices, GST included.
As with the GST, firms can usually get a refund for QST paid
on their purchases.
To simplify the administration of the consumption taxes,
Québec was the first province to coordinate its sales tax
with the federal GST. Québec companies have
only one level of government to deal when it comes to
consumption taxes.

An
Environment that Promotes Investment . . .
-
A foreign investor can operate a company in Québec
exactly the same way as a Québec entrepreneur - as sole
proprietor, associate in a general partnership, or
shareholder in a limited liability company.
-
The investor may also directly operate a company in
Québec simply by establishing a branch office.
-
The Canadian and Québec tax systems give tax credits
for foreign taxes paid, to avoid double taxation.
-
In most cases, the Canadian government imposes no
restrictions on foreign investors.
Financial sector
The Québec financial sector is a major catalyst for
economic growth. In addition to this primary role, it
makes a substantial contribution through the number of
jobs it creates. In May 2000, there were 182,600 jobs
directly related to the financial, insurance and
real-estate business.
Québec operates a full training program in the areas
of regulation, surveillance, and compensation.
The stability, growth and competitive edge of
financial institutions are secured by:
-
Comprehensive legislation that governs financial
institutions and market intermediaries under Québec
jurisdiction (savings and loan banks, trust
companies, personal and damage insurers, as well as
active market intermediaries in both insurance and
transferable securities);
-
Control and surveillance structures such as the Inspecteur
général des institutions financières (in
French) (IGIF), the Commission des valeurs
mobilières du Québec (CVMQ), the Montréal
Exchange and various self-regulating
organizations found in the market intermediaries
sector;
-
A deposit compensation system that intervenes in
the event of bankruptcies of deposit institutions -
a private system compared to compensation in other
sectors.

Highly
Skilled Workers

With an innovative manufacturing sector, a dynamic service
industry, and many academic institutions, Québec
provides a guaranteed pool of qualified workers. Québec
workers have a well-earned reputation for ingenuity,
expertise, stability, and productivity.
Bilingualism
and multilingualism
Québec has
Canada's largest bilingual pool of workers.
In Québec,
multilingualism is a fact of everyday life. Some 80 languages
are spoken in Québec, including Spanish, Italian, Greek,
Arabic, German, and Chinese.
Venture
capital

Québec is the Canadian leader when it comes to
venture capital. More than 52 % or $6.3 billion of
all the venture capital in Canada which is valued at
$12 billion, comes from funds managed in Québec by
private and public venture capital companies.

Quebec's
Major Industries
Forest
Products
With
its vast forests – 2% of the world’s forest
reserves – and its strategic geographic location,
which makes it a central crossroads in the world
marketplace, Québec is a prime location for the
forest products industry.
The Québec forest products industry in facts and figures
(1998):
-
$17.7 billion worth of shipments
-
$10.8 billion worth of exports
-
$1.1 billion in investments
-
88,000 direct jobs.
When it comes to forest products, Québec enjoys many
distinct advantages, including:
-
Abundant, renewable forest resources at competitive
costs
The forests of Québec cover nearly 760,000 km2
and generate annual cutting capacity on the order of 55
million m3.
-
A forestry management system centred on sustained
yield and the protection of other resources in the
forest environment (biodiversity)
More than 85% of the total volume of merchantable timber
in Québec is found on public lands. The Québec
forestry system guarantees wood processors stable
supplies in keeping with the principles of sustainable
development.
-
A diversified network of suppliers and equipment
manufacturers
Québec’s highly developed, diversified forest
products industry has given rise to a vast network of
established suppliers of goods and services, consulting
firms of international calibre, and leading-edge
equipment manufacturers.
The Québec forest products industry benefits from:
-
Prime access to a market of 408 million consumers
-
A stable, skilled workforce
-
A taxation system that’s highly competitive when
it comes to corporate taxation and tax measures for
R&D
-
A network of infrastructures designed to
facilitate domestic communications and provide
access to the whole wide world.

The
Biopharmaceutical Industry
The Québec biopharmaceutical industry in facts and
figures:
-
163 companies and 12,800 jobs;
-
45% of total assets in the Canadian biopharmaceutical
sector, which represent $146.3 million in 1998;
-
$2.3 billion worth of shipments in 1997 - 49% of
all Canadian shipments;
-
$537.5 million of exports in 1998 - 36.7% growth over
1997;
-
A local market of $2.9 billion in 1998 - 29.5% of the
Canadian market;
-
Approximately 5,000 research jobs in the health
sector;
-
$610 million in R&D in 1997-1998 - 43% of the
Canadian biopharmaceutical industry's R&D;
-
Nearly half of the Canadian biopharmaceutical industry
is concentrated in the Montréal area;
-
Most of the basic and clinical research activities in
Canada take place in Québec.
Numerous foreign investments
Since 1992, multinational companies have invested over
one billion dollars in the Québec biopharmaceutical
industry.
The strong presence of innovative companies in a
hallmark of the Québec biopharmaceutical industry. These
companies are major investors in R&D and manufacture
many different products for the North American and
international markets.
An interesting footnote: Québec clinical research
companies derive 80% of revenues from contracts with
American pharmaceutical companies.
Intensive Research and Development Activities
Québec ranks among the Canadian leaders in terms of
biopharmaceutical R&D carried out by private sector
firms, having reached $319 million in expenditures
in 1998, which represent 42.6% of the Canadian investments.
The main basic research laboratories in the Canadian
biopharmaceutical industry are located in the province.
In 1995-1996, universities have conducted medical
research for $204 million, that is 34% of their
total R&D.
All told, biomedical research in Québec occupies roughly
2,000 researchers in various centers, institutes or
university groups, hospitals, and government or
private-sector research centers. When graduate students and
other categories of staff involved in research in these
establishments are included, the number of jobs totals
nearly 5,000.

Biotechnology
According
to a recent study by Ernst & Young, Québec
comes first in Canada and 10th in North America in
terms of revenues generated by its biotechnological
industry.
The Québec biotechnology industry in facts and
figures:
-
86 firms in 1997, or 31% of all Canadian biotechnology
companies.
-
70% of enterprises located in the Montréal area.
-
More than 3,000 jobs in 1998.
-
Sales of $349 M in 1997, which represent 34% of
Canadian sales.
-
$141 M invested in R&D in 1997.
-
Exports of $ 101 M in 1997.
-
One of the largest «cGMP» rated fermentation units
in North America thanks to the establishment of world
leader DSM
Biologics Inc. (in French).
-
The world's largest research center specializing in
biotechnology in the world, the Biotechnology
Research Institute.
Several factors explain the rapid growth of the Québec
biotechnology industry:
-
A qualified, stable and multi-talented workforce.
-
A critical mass of international level researchers in
the health sector.
-
A dynamic biopharmaceutical
industry
-
Top-notch research units.
-
Active cooperation between companies, research centers
and universities, here in Québec and in the United
States.
-
Québec
Taxation of R&D activities offers some of the
world's most attractive incentives.
-
Complete R&D facilities for biotechnological
products and processes.
-
Access to North American markets.
-
Many companies active in venture
capital firms.
The Québec biotechnology industry brings together
innovative companies working in the field of:
Human
and Animal Health
The most extensive applications of biotechnology in
Québec are in the health sector, in large pharmaceutical
companies and many smaller firms that specialize in R&D
on new technologies and products.
Biofood
In Québec, research in this sector focuses on
biopesticides, the production of plants with enhanced
resistance to pathogenic bacteria and viruses, the
development of new grain cultivators, the development of
carriers for genetic manipulation of crops, and production
of disease-free hybrid seeds.
The bio-food industry is very important in the Québec
economy. It represents:
-
Over 400,000 jobs, i.e. slightly over one out of nine
jobs;
-
9% of the Québec GDP;
-
Almost 33,000 farms, mostly in dairy and meat
production, representing sales of $4.8 billion;
-
Over 23,000 wholesale/retail food outlets and
restaurants accounting for $19.2 billion;
-
Capital investments of $1.4 billion in 1998;
-
9% real growth over 1995-1998, a stronger growth rate
than the overall Québec economy (6%);
-
Growth of exports at an average annual rate of almost
16% since 1994;
-
High demand export products: pork, beverages, cacao
products (chocolate), dairy products, oilseeds and fruit
and vegetables.

Food
Processing
Food processing is among the principal manufacturing
sectors in Québec in terms of jobs, ahead of the garment,
transport material, paper, and electric and electronic
products sectors.
Outline of the food processing industry:
-
900 food processing companies;
-
Shipments of over $13.7 billion, 25.5% of the
Canadian volume;
-
Exports of $2.1 billion, growing steadily at a
rate of 1% every year for the last five years;
-
Major markets: United States (67%) and Europe (10%);
-
Research expenditures evaluated at $178 million.
Environment
In Québec, major strides have been made in the areas of
organic fertilizers, biopesticides and the treatment of
contaminated soils.
-
Biogénie
and Serrener have developed expertise in the organic
restoration of contaminated sites.
-
Premier Tech produces organic filters.
-
SNC-Lavalin,
one of the world's largest consulting engineering
companies, has developed anaerobic treatment processes
for dairy waste products.
-
Sodexen is a laboratory for specialized analysis.
Aerospace
On
the leading edge of technology and well positioned
in growth markets, Québec's aerospace industry is
recognized around the world. Québec is both known
as a center for manufacturing and product
development.
QUÉBEC : LEADER IN CANADA
-
55% of Canadian production with over $8 billion in
sales in 1999;
-
75% of shipments are exported;
-
53% of Canadian manpower, i.e. 40,000 jobs (with an
annual growth of 1,000 to 1,500 jobs);
-
70% of Canadian expenditures on R&D ($500 million
in 1998);
-
over 250 companies.
QUÉBEC : WORLD LEADER
-
The Québec aerospace industry is the sixth in
importance in the world;
-
27% of the corporate aircraft market;
-
over 40% of the world production of commercial
helicopters;
-
over 70% of the market for commercial flight
simulators;
-
60% of the world market for landing gear;
-
46% of the market of 20 to 90 seat commercial
aircraft, in number of units sold.
THE MONTRÉAL REGION
-
3rd world center after Toulouse and Seattle
for the number of jobs;
-
the only place in the world where all the components
required to build an airplane are manufactured;
-
1 out of 200 inhabitants works for the aerospace
industry.
A GROWTH SECTOR
Profitability and growth are the driving factors of the
Québec aerospace industry. Québec aerospace has witnessed
remarkable growth since the beginning of the 1980's thanks
to the development of unique, best-of-breed products. In
fact, Canada has experienced the strongest growth in the
aerospace sector among G-8 countries over the last ten years
(140% vs. 6% in the United States).
This extraordinary growth is due to :
-
A well trained, flexible and stable manpower;
-
Important investments in R&D supported by highly
competitive fiscal incentives;
-
A network of diversified companies that manufacture a
range of innovative products;
-
Production targeted to high growth civil aviation
markets;
-
Privileged access to the Canadian and American defense
sectors.
The Québec aerospace industry is three tiered with prime
contractors, sub-assembly manufacturers and subcontractors
all well represented.
A network of over 240 subcontractors can meet the
requirements of prime contractors and sub-assembly
manufacturers alike.
Many of these companies have developed highly specialized
niches with high scientific content which forms an excellent
pool of suppliers in many key sectors of the aerospace
industry : machining and welding, fast prototyping, surface
treatment, electric and electronic systems, and composite
materials. There are many specialized SMEs: melting, screw
products, cutting tools, custom finishing, cabling.
ON THE LOOKOUT FOR MAJOR INTERNATIONAL TRENDS
Many world renown products :
-
The Bombardier/Aerospace Challenger, Regional Jet (CRJ),
Global Express, and CL-215 and CL-415 water bombers;
-
The Pratt & Whitney Canada PT-6, PW 100, JT 15D
and PW 300 engines;
-
CAE Electronics flight simulators and turnkey training
programs
Current projects that will ensure continued growth :
-
The Bell Helicopter Textron Bell 407 and Bell 427
-
EMS Technologies and CAE Electronics are collaborating
in the Freedom and Radarsat projects in different
capacities
-
The Bombardier Aerospace CRJ-900
-
The Pratt & Whitney Canada PW 150 and regional jet
engines

Living
in Quebec
People
In
Québec, multilingualism is a fact of everyday life. Some 80
languages are spoken in Québec, including Spanish, Italian,
Greek, Arabic, German, and Chinese.
Climate
Québec has four distinct seasons: a mild spring, a hot
and pleasant summer, a cool and colorful autumn, and a cold
and snowy winter, perfect for all sorts of outdoor sports.
Accessible

Québec is a modern society combining an open market economy
with one of the highest living standards in the world.
Québec
Regions

Each of the 17 Québec regions has its own unique
combination of infrastructure, resources, and know-how , so
making Québec an ideal place to invest.

Montreal
A strategic
crossroads on the continent, Montréal is recognized for its
quality of life. It is an efficient city centred on research and
advanced technology, the result of genuine synergy between the
universities and the public and private sectors. Montréal’s
culture, bilingual residents, dynamic economy and qualified
workers, along with low operating costs, make it the ideal place
to engage in business in thriving North American markets.
MORE
Montreal's
Economy
The new
economy

Montréal ranks fourth in North America for the density of
technology-related jobs in relation to its population.
Increasingly, it is becoming a leader in the realm of the
new economy, whose raw material is knowledge and whose main
tool is technology.
Manufacturing in Montréal

Montréal’s traditional economy ranks third in North America
and generates some 288,000 jobs. Transportation equipment, metal
products and electronic equipment are among the wide array of
goods exported.
A hub for
research and development

The high concentration of researchers in fields such as
multimedia, biotechnology, pharmacology and the information
technologies makes Montréal a hub for technological
development.
Venture
capital

Technology-intensive enterprises have at their disposal the
volume of venture capital they need in Montréal.
An international finance center

Montréal has a complete range of financial institutions in the
private and public sectors, including several international
financial centers (IFCs) engaged in offshore operations.
It costs
relatively little to operate a business in Montréal, regardless
of its nature. Aside from its intelligent, competitively priced
labor force, Montréal offers abundant, affordable energy
resources.

Montreal's
Resources
A
commercial center . . .
-
Montréal
accounts for 46% of the population of Québec, produces
roughly 45% (1995) GDP, and ranks 14th among major North
American urban centers.
-
It is the
gateway to North America.
-
It is a hub
that offers quick, efficient, deregulated access to vast
markets.
-
It provides
access to the world’s biggest trading block.
-
Some 130
million consumers are located within a radius of 620 miles.
-
Nearly 393
million consumers are accessible through NAFTA.
-
The Greater
Montréal area has a population of 3.3 million.
-
It is the
only major French-speaking city in North America.
-
Nearly half
of the population is bilingual (French-English).
-
Some 13% of
workers speak a third language in addition to French and
English.
-
The labor
force numbers 1.8 million.
-
The work
force is stable, reliable and competent.
-
Productivity
is among the highest in North America.
-
ISO 9000 and
9002 certification is the highest anywhere.
-
Labor unions,
employers and governments have established a unique
partnership.
-
Over half of
the labor force has college and university training.
-
Corporate
taxation is among the lowest in the industrialized nations.
-
Montréal has
a unique concentration of venture capital companies.
-
The area has
numerous industrial and technology parks.
-
Montréal
ranks second in North America in terms of the cost of
industrial lots.
-
It ranks
third in terms of construction costs for industrial
buildings.
-
Leasing costs
for prestige office space are among the lowest in North
America.
-
Montréal has
modern, efficient inter-city and intercontinental
transportation infrastructure.
-
The Greater
Montréal area has two international airports.
-
The Port of
Montréal is Canada’s and the eastern seaboard’s leading
port for container shipping.
-
The port
offers integrated intermodal transport.
-
Rail and road
networks are connected to the United States and Mexico.
-
The city has
ultramodern telecommunications services.
-
Energy is
available at competitive prices.

Worker
training
Montréal’s
biggest asset is without a shadow of a doubt the exceptional
quality of its highly specialized workforce. Measuring the gross
cost of this skilled workforce in terms of productivity yields
one of the best real costs in the world
-
Over half of
the labor force in the Montréal area has college or
university level training.
-
The Greater
Montréal area has 28 college institutions. Some 90,000
students attend the colleges, 43% in technical programs.
-
Montréal has
four universities, two French-language institutions and two
English-language institutions.
-
Universities
in the Montréal area award 25% of the master’s and
doctoral degrees attributed each year in Canada.
Quality
of manpower
With a population
of 3.3 million inhabitants, the Montréal area has a diversified
labor force of 1.8 million people working for some 100,000
enterprises. Jobs are concentrated in the tertiary and secondary
sectors, which account for 77.4% and 22%, respectively, of all
jobs.
-
Over 57.6% of
the labor force in the Montréal area has a college or a
university degree.
-
Over 23.8% of
the labor force has a university degree.
-
In Montréal,
50% of the labor force is bilingual and 13% speaks a third
language in addition to French and English.
Stability
of the labor force
In order to face
the globalization of markets, labor unions and employers’
associations are working together to find and implement
innovative management methods that make it possible to enhance
the performance of businesses.
Labor relations and partnership
-
Work
stoppages have been reduced by more than 75% in the past 10
years.
-
In 1996-1997,
86% of collective agreements were concluded through
negotiation.
-
Québec’s
two leading labor confederations have established the Fonds
de solidarité du Québec (FTQ) and Fondaction (CNTU)
venture capital funds.
-
Staff
turnover is limited among specialized workers.

Montreal's
Industries
An
aerospace center
Aeronautic
product :
World
leaders in the aerospace sector in Montréal :
-
Bell
Helicopter Textron;
-
Bombardier-Aerospace;
-
CAE
Electronics;
-
EMS
Technologies Canada
-
Héroux-Devtek
-
Messier-Dowty
-
Pratt
& Whitney Canada;
-
Rolls-Royce
Canada

A
biopharmaceutical center
-
Montréal
ranks among the 10 leading biotechnology centers in North
America;
-
It accounts
for half of all activity in this sector in Canada;
-
Highly
qualified, competent workers;
-
Highly
advantageous tax incentives for research;
-
Synergy
between industry, universities and research centers.
Internationally
renowned institutes :
World
leaders in the biopharmaceutical industry in Montréal :
-
BioChem
Pharma;
-
Brystol-Myers
Squibb;
-
Merck
Frosst Canada;
-
Novartis-Pharma;
-
Pfizer;
-
Wyeth Ayerst
A
telecommunications center . . .
-
One of the
world's most advanced telecommunications infrastructure;
-
It accounts
for over 40% of Canadian activity in the industry;
-
More than 70%
of output is exported;
-
R&D
spending up by 43% since 1990;
-
Numerous call
centers.
World
leaders in telecommunications :
-
AT&T
Canada;
-
Bell
Canada;
-
Bell
Mobility;
-
Ericsson
Communications;
-
Nortel
Networks;
-
Sprint
Canada;
-
Teleglobe
Canada

A
multimedia center . . .
-
Important
pool of highly skilled, wage-competitive, reliable workers;
-
The
originality and creativity of its designers are recognized
the world over;
-
Simultaneous
production of software in several languages;
-
Concentration
of researchers and designers in the realm of 3-D animation.
World
leaders in information technologies and multimedia :
A
leading E-commerce centre . . .
-
The Québec
government is seeking to create 20,000 jobs by the year
2010.
-
Two business
start-ups were confirmed at the beginning of the year 2000,
i.e. CGI and NASDAQ.
-
Businesses
that set up operations in E-Commerce Place can take
advantage of significant tax assistance in the form of a 25%
tax credit on salaries paid there, up to a maximum of
$10,000 per year per job. They can also take advantage of
interim financing in respect of refundable tax credits and a
five-year tax holiday on the personal income tax of foreign
specialists.
-
During a
five-year period, the City of Montréal will grant
E-Commerce Place credits in respect of increases in property
taxes arising from construction and renovation projects.
-
Located in
downtown Montréal, E-Commerce Place occupies a prestigious,
readily accessible site located near the Greater Montréal
area's main decision-making centres. Moreover, buildings in
the complex offer the most up-to-date services that enable
the businesses operating there to take advantage of a highly
efficient working environment

An
international center . . .
-
Nearly 75
international organizations maintain a presence in Montréal;
-
85
consulates;
-
Ranks
fourth among North American cities hosting international
conventions;
-
Harmonious
cultural relations;
-
Over 80
languages spoken.
A
university center . . .
In
1998, the Montréal area accounted for near 60 % of the
1,906 degrees granted by Québec universities in computer
sciences and mathematics.
-
Four major
universities, two French-language and two English-language
institutions;
-
25% of all
master’s and doctoral degrees granted in Canada;
-
Over 300
research centers;
-
Tuition fees
are among the lowest in North America;
-
Montréal
plays a leading role in R&D.
Université
de Montréal :
-
North
America’s leading French-language institution for higher
education and research.
-
Two
affiliated schools : the École des Hautes Études
Commerciales (HEC) and the École Polytechnique.
-
The most
complete medicine and health sciences program in Canada.
-
The highest
number of chairs in pharmacology in Canada.
McGill
University :
-
Instruction
in English.
-
Reputed for
its programs in design, communications and environmental
sciences.
-
Two
professional schools : the École de technologie supérieure
(ETS) and the École nationale d’administration publique (ENAP).
-
Two research
institutes : the Institut national de la recherche
scientifique (INRS) and the Institut Armand-Frappier.
-
Canada’s
oldest and most reputed university.
-
A wide array
of teaching and research conducted in several languages.
-
The only
university in the world to offer courses in air and space
law at the master’s and doctoral levels.
-
Ranks second
in Canada (Medical Research Council of Canada) in the realm
of the health sciences;
-
The only
university in the world to offer specialized courses in air
and space law.
Université
du Québec à Montréal (UQAM) :
Concordia
University :
-
Instruction
in English.
-
Recognized
for its program in communications and its computer-assisted
research applications.
-
Operates a
pattern recognition and artificial intelligence research
center.
-
Internationally
recognized for its Center for Studies in Behavioural
Neurobiology.
-
Offers a
master’s program in air transport administration.
Affiliated
schools :


Living
in Montreal
Montréal is
strategically located. A gateway to the Americas, it is one hour
by air from New York, Boston and Toronto.
The Greater Montréal
area accounts for 46 % of Québec’s population, i.e. 3.3
million inhabitants.
Geography and
climate
-
Montréal is
located in southwestern Québec at 450 North
latitude on the same horizontal axis as Minneapolis, United
States and Bordeaux, France. At 740 West
longitude, it is in the northern axis of New York.
-
The Greater
Montréal area covers over 1,500 square miles and
encompasses Montréal Island, Laval, Longueuil and the
municipalities located on the northern crown and the South
Shore of the Saint Lawrence River.
The
four seasons in Montréal
Spring :
Spring in Montréal is mild and sunny. It begins in early
April as the last snow is melting. Maximum temperatures in
April and May average around 51 є F and
65 є F, respectively.
Summer :
Summer extends from June to September. Even though the
temperature often soars above 86 є F during July
heatwaves, the maximum average temperature is 79.5 є F.
The temperate summer climate in Montréal is the ideal time to
engage in a wide array of outdoor activities.
Autumn :
Autumn is Montréal’s loveliest season. It is very colorful,
with an average temperature of 55 є F in
October. It is the season for contemplation, when the Laurentian
forest, resplendent in red and gold, is at its most glorious.
Indian Summer, which usually occurs in early October, briefly
brings back a summery air to Montréal.
Winter :
Montréal is reputed for its cold, snowy winters that leave, on
average, over 78 inches of snow a year. In January, the mercury
hovers around 14 є F or even lower! Anyone who
is sensitive to cold need not avoid Montréal in Winter ! *
*
Winter or summer, bad weather can be avoided in downtown
Montréal by using a 18.6 mile network of pedestrian tunnels
with access to shops, offices, department stores, concert halls,
parking lots, hotels, restaurants and cinemas.
A
cultural center . . .
Montréal has
developed a lively, resolutely contemporary culture that is open
to the world.

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