Non-Quebec companies made $1.74-billion worth of investments in Montreal through the first half of 2022, creating some 4,700 jobs
Canadian and international companies continue to make record investments in the Montreal area this year as the region shakes off the effects of the continuing COVID-19 pandemic, but a slowdown looms in the months ahead amid the prospect of recession. Quebec’s most sweeping language overhaul in nearly half a century could also scare some businesses away.
The Montreal region, known for its substantial knowledge and research base, has drawn particular attention from global investors over the years for its expertise in artificial intelligence and deep learning. Companies like McKinsey & Co.-owned data analytics company QuantumBlack and aerospace giant Thales SA are just two companies to set up AI operations in the city in recent years.
Mr. Favvas said his leadership team initially thought Montreal would just be an office supporting the company’s San Francisco base. Now he says the city’s strong labour pool and technology ecosystem has convinced him to build out operations there in tandem with its U.S. headquarters. Lingering questions about Quebec’s new language law could also factor into businesses’ decision-making, Mr. Paquet acknowledged.
Montréal International’s phones started to ring last year as companies began asking question when the legislation was tabled, Mr. Paquet said. The group organized education sessions led by law firm Fasken after which fewer questions came in. Since the bill became law in late spring, the queries started again.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden will announce $1 billion for food security during Arab summitJeddah — President Joe Biden will announce on Saturday during an Arab summit that the United States has committed $1 billion in new near and long term food…
Read more »
Daily poll: Should Vancouver donate $1 for every resident to an international environmental campaign?Green party councillor Adriane Carr is proposing a donation of up to $660,000 for West Coast Environmental Law\u0027s \u0022Sue Big Oil\u0022 campaign
Read more »
Private equity deals slow in Canada, signalling risks ahead - BNN BloombergCanadian private equity firms pulled back on deal making in the first half of 2022, according to recent data from industry tracker PitchBook. Story by iva_poshnjari
Read more »
‘Feels kind of hopeless’: Here’s why some Americans are looking to move to Canada - National | Globalnews.caCanada has approved 70,330 permanent residence applications from the U.S. since the end of 2014, including 5,040 in the first five months of 2022 alone.
Read more »
Early rise for those attending Pope’s mass near Quebec City during Canadian visit - Montreal | Globalnews.caPope Francis is scheduled to visit Canada July 24-29, travelling to Alberta, Quebec and Nunavut. A major theme of his visit is reconciliation with Indigenous Peoples.
Read more »