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Cision Canada
13-05-2025
- Business
- Cision Canada
Program Announced for the 2025 Rencontre au Sommet Français
An Event to Rally Quebec Around Productivity, Innovation, and Resilience MONTREAL, May 13, 2025 /CNW/ - As Quebec grapples with growing economic, technological, and social challenges, the 2025 Rencontre au Sommet emerges as a pivotal event to reflect, debate, and co-create practical, forward-thinking solutions. Set to take place on May 27 in Montreal, the conference will convene more than 200 leaders from across the province. Presented by BCF Business Law, Aviseo Conseil, in partnership with Desjardins, the Conseil du patronat du Québec (CPQ), and the Québec Chamber of Commerce and Industry (FCCQ), the event will focus on three strategic pillars: productivity, resilience, and innovation. For this first edition, participants can expect a rich and engaging agenda, including keynote presentations, two high-level panels featuring leading economic voices, collaborative working sessions, a confessional on economy, and ample networking opportunities. Register now for this must-attend event to help build the future of Quebec! An Ambitious and Collaborative Program Keynote Conferences Innovate or Agonize – Philippe Boulanger (international speaker, former innovation leader at Apple and Sony, founder of Neopost Labs, and expert in innovation intelligence and AI adoption in business) will share his vision of the transformations needed to remain competitive in a rapidly changing and uncertain global landscape. Innovation and Society – Frédéric Bouchard (Dean of Arts and Sciences and Professor of Philosophy at Université de Montréal, will address the question: "How can we keep our heads in the age of paradoxes?". Prestigious panels Resilience and Perspectives: Quebec Entrepreneurship at the Heart of the Economy – Moderated by Marie-Pier Frappier (Interim Editor-in-Chief, Les Affaires), this panel will bring together Pierre Cléroux (Vice-President, Research and Chief Economist, BDC), Norma Kozhaya (Vice-President of Research and Chief Economist, Quebec Employers Council), and René Beaudry (Co-founder, Normandin Beaudry) to discuss the challenges and drivers of entrepreneurial resilience in Quebec. Ambition and Excellence: Quebec in Motion – A conversation with leaders from three flagship organizations, recognized for their ambition and exceptionalism, who have successfully innovated over the years and become inspiring models in Quebec: Véronique Proulx (President and CEO, Quebec Federation of Chambers of Commerce), Stéphane Garneau (President, Micro Logic), Christiane Germain (Co-President, Germain Hotels), and André Noreau (Senior Vice-President and Chief Innovation Officer, Premier Tech). Collaborative Sessions "In the Headlines" Workshop – A dynamic space to identify priority issues and share potential solutions. Solutions and Commitments – A collaborative workshop to develop concrete commitments and collective recommendations for the future of Quebec's economy. The future of Quebec starts now. Join us to turn global economic uncertainties into opportunities for innovation and collaboration, and help build a stronger, more autonomous, and resilient economy.
Yahoo
13-05-2025
- Business
- Yahoo
Program Announced for the 2025 Rencontre au Sommet
An Event to Rally Quebec Around Productivity, Innovation, and Resilience MONTREAL, May 13, 2025 /CNW/ - As Quebec grapples with growing economic, technological, and social challenges, the 2025 Rencontre au Sommet emerges as a pivotal event to reflect, debate, and co-create practical, forward-thinking solutions. Set to take place on May 27 in Montreal, the conference will convene more than 200 leaders from across the province. Presented by BCF Business Law, Aviseo Conseil, in partnership with Desjardins, the Conseil du patronat du Québec (CPQ), and the Québec Chamber of Commerce and Industry (FCCQ), the event will focus on three strategic pillars: productivity, resilience, and innovation. For this first edition, participants can expect a rich and engaging agenda, including keynote presentations, two high-level panels featuring leading economic voices, collaborative working sessions, a confessional on economy, and ample networking opportunities. Register now for this must-attend event to help build the future of Quebec! An Ambitious and Collaborative Program Keynote Conferences Innovate or Agonize – Philippe Boulanger (international speaker, former innovation leader at Apple and Sony, founder of Neopost Labs, and expert in innovation intelligence and AI adoption in business) will share his vision of the transformations needed to remain competitive in a rapidly changing and uncertain global landscape. Innovation and Society – Frédéric Bouchard (Dean of Arts and Sciences and Professor of Philosophy at Université de Montréal, will address the question: "How can we keep our heads in the age of paradoxes?". Prestigious panels Resilience and Perspectives: Quebec Entrepreneurship at the Heart of the Economy – Moderated by Marie-Pier Frappier (Interim Editor-in-Chief, Les Affaires), this panel will bring together Pierre Cléroux (Vice-President, Research and Chief Economist, BDC), Norma Kozhaya (Vice-President of Research and Chief Economist, Quebec Employers Council), and René Beaudry (Co-founder, Normandin Beaudry) to discuss the challenges and drivers of entrepreneurial resilience in Quebec. Ambition and Excellence: Quebec in Motion – A conversation with leaders from three flagship organizations, recognized for their ambition and exceptionalism, who have successfully innovated over the years and become inspiring models in Quebec: Véronique Proulx (President and CEO, Quebec Federation of Chambers of Commerce), Stéphane Garneau (President, Micro Logic), Christiane Germain (Co-President, Germain Hotels), and André Noreau (Senior Vice-President and Chief Innovation Officer, Premier Tech). Collaborative Sessions "In the Headlines" Workshop – A dynamic space to identify priority issues and share potential solutions. Solutions and Commitments – A collaborative workshop to develop concrete commitments and collective recommendations for the future of Quebec's economy. The future of Quebec starts now. Join us to turn global economic uncertainties into opportunities for innovation and collaboration, and help build a stronger, more autonomous, and resilient economy. Register now: May 27, 2025| 8:45 a.m. to 6:00 p.m. | Bungalow – Montreal Limited seating – Registration required SOURCE BCF Business Law View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
12-05-2025
- Business
- Cision Canada
International cruises on Saint Lawrence contribute handsomely to Québec economy Français
RIMOUSKI, QC, May 12, 2025 /CNW/ - Cruise the Saint Lawrence proudly commissioned Québec-based consultancy Aviseo Conseil to conduct the most comprehensive study ever carried out into the economic impact of international cruises on the Saint Lawrence. According to study findings for 2024, cruise passengers disbursed an average of $364 a day when visiting one of Québec's nine ports of call. International cruises spawned total expenditures of $329.3 million in 2024 in the various regions located along the shores of the Saint Lawrence, thereby generating $192.2 million in added value for the Québec economy. The cruise sector further led to the creation of 2299 direct, indirect and induced jobs. The 2024 season wrapped up with a total of 411 163 passenger-days, representing a 2.5% increase over 2023 and a 54.5% rise over 2022, thereby demonstrating that Québec continues to trend closer to pre-pandemic destination figures. "The cruise industry acts a powerful lever for economic development in a number of Québec regions. Overall economic impact detailed in the study substantiates the structuring effect of the industry, not only with respect to port investments and regional job creation, but also with regard to enhanced tourism appeal during off-peak periods. International cruises provide us with a unique opportunity to enhance market exposure for our regions, our culture and our know-how with curious international visitors in search of authenticity," underscored Marie-Andrée Blanchet, President of Cruise the Saint Lawrence. Readers will appreciate that the port of Québec, our destination's leading port of embarkation and disembarkation, welcomed the greatest number of cruise passengers in 2024 on 108 ships representing 218 073 passenger-days. The port of Montréal, also a port of embarkation and disembarkation, generated the highest average expenditure per passenger figure of $662 when lodging expenses were included. Indeed, when lodging expenses were factored into the equation for each of Québec and Montréal, average expenditures per cruise passenger per day rose to $442 for Saint Lawrence-based cruises. Saguenay–Lac-Saint-Jean region generated added value of $20.6 million, second only to Québec's capital region in terms of regional economic impact. Cruises represent a unique and exceptional gateway to international tourism for multiple Québec regions A total of six administrative regions of Québec welcomed international cruise passengers. In so doing, they benefited from the related structural impact on their regional economies. Each of Montréal, La Mauricie, Québec's capital region, Saguenay–Lac-Saint-Jean, the North Shore and Gaspé–Îles-de-la-Madeleine enjoyed enhanced development owing specifically to cruise industry activities, especially in terms of significant investment in port infrastructure. International cruise passenger expenditures further resulted in an important influx of foreign currency which represented a net source of wealth creation for the Québec economy. Indeed, 91.6% of tourism expenditures were made in foreign currency by international cruise passengers, accounting for some $167 million of the $4.1 billion in foreign currency generated annually by Québec's tourism sector. "These figures demonstrate that the cruise industry has a vital role to play in growing tourism and enhancing the tourism supply in Québec. The majestic Saint Lawrence enables visitors to discover the beauty of our destination and to explore ports of call in different regions, while generating economic benefits for the communities visited. We are proud to pursue cooperation with our valued partner Cruise the Saint Lawrence and help ensure that the international cruise industry continues to contribute handsomely to the Québec economy," stated Caroline Proulx, Québec Minister of Tourism and minister responsible for Lanaudière region. Québec culture and content, promoted through regional tourist attractions and local product offerings, enjoy undeniable international exposure, especially in regions outside major centers. From the standpoint of tourism development, international cruises generate an influx of some 400 000 visitors and help extend the tourism season into September and October when tourism activities are generally winding down in regional ports of call. This year's inaugural winter cruises on the Saint Lawrence provide proof positive that cruise sector development aligns seamlessly with key Ministry of Tourism priorities, one of which seeks to boost tourism in winter. Additionally, First Nations communities located along the Saint Lawrence benefit from cruise passengers interest in partaking in authentic indigenous experiences. One out of every three international visitors to Canada indeed expresses an interest in indigenous tourism offerings. First wholly Québec-based economic study With a view to developing a realistic portrait of the true contribution of international cruises to the Québec economy, Cruise the Saint Lawrence commissioned Aviseo Conseil, a wholly Québec-owned consultancy, to conduct a study detailing the economic impact of the international cruise sector. "In 2024, expenditures per passenger were three times higher than in the previous study, thereby reaffirming the importance of the international cruise industry for Québec as a whole. Overall economic impact of close to $200 million flowed from sound methodology anchored in best practices for economic analysis," explained Alexandre Ainsley, Director with Aviseo Conseil. Readers will appreciate that the findings of the 2024 study commissioned by Cruise the Saint Lawrence – based on Québec's intersectoral model – align closely with the those of the provincial Ministry of Tourism. About Cruise the Saint Lawrence Cruise the Saint Lawrence is a sectoral association which groups together the nine ports of call located along the shores of the Saint Lawrence River, namely Montréal, Trois-Rivières, Québec, Saguenay, Baie-Comeau, Sept-Îles, Havre-Saint-Pierre, Gaspé and Îles-de-la-Madeleine. The mission of the organization is to grow cruise market activities in Québec and across Destination Canada New England through the provision of marketing and development services to members. Cruise the Saint Lawrence enjoys the support of partners Tourism Québec, Québec Tourism Industry Alliance and Economic Development Canada.
Yahoo
27-03-2025
- Business
- Yahoo
Quebec Sees Deeper Deficit, Slower Growth as Trade War Bites
(Bloomberg) -- Quebec, Canada's second-largest province, forecast a staggering C$13.6 billion ($9.5 billion) deficit for the next fiscal year and warned that the budget outlook depends on the duration and severity of the trade war with the US. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Trump Slashed International Aid. Geneva Is Feeling the Impact. How SUVs Are Making Traffic Worse Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says Tariffs are expected to dampen growth by a total of 0.7 percentage points for 2025 and 2026, Finance Minister Eric Girard said as he presented the budget in Quebec City, the provincial capital. In the seventh budget since the nationalist Coalition Avenir Quebec was elected, Girard said the baseline scenario for the province's finances assumes that US tariffs and Canada's retaliatory measures will average 10% over the next two years. 'However, there is another possibility, a precipice, where 25% tariffs are imposed on all goods in circulation in North America,' he said. That would lead to a mild economic contraction in 2025. Quebec's economy is expected to grow at a 1.1% pace this year and 1.4% next year, but in a worst-case scenario, the tariff shock would cause a 0.1% decrease in gross domestic product in 2025, followed by a slow recovery — just 0.5% growth in 2026. Quebec's budget highlights the extent to which the rapidly evolving trade war is forcing governments to change their fiscal plans. While the province made progress in recent years by reducing its debt levels as a percentage of GDP, the weaker economic outlook will weigh on tax revenue. Combined with higher spending to support citizens and businesses, the province's net debt will also move higher than previously expected. US President Donald Trump has threatened to impose 25% import duties on almost all Canadian goods and is set to unveil reciprocal tariffs on April 2. About half of Quebec exports head to the US market, with aluminum and aerospace products at the top of the list in terms of dollar value, according to research by Aviseo Conseil and BCF Business Law. The budget also likely overstates tax revenues, given that it includes provincial proceeds from an increase in the capital gains inclusion rate that was previously pledged by the federal government. The two leading federal political parties have both promised to scrap the change if elected, but the Quebec finance department had already included C$2.2 billion in additional revenue in its forecasts. 'The budget can be credited with doubling down on supply-side economic measures. The hope seems to be that this will bear fruit and generate sufficient growth and revenues to help fill in the gap down the road,' Jimmy Jean, chief economist at Desjardins, wrote in a report to investors. The provinces of British Columbia and Alberta have also released budgets projecting higher deficits than expected. Ontario has yet to present its financial framework. Without a more than C$2 billion contribution to the so-called Generations Fund, a reserve fund dedicated to future debt payments and managed by the Caisse de Depot et Placement du Quebec, the province's deficit would be at C$11.4 billion. The budget also includes C$2 billion set aside in a contingency reserve. The finance department estimated, under the baseline scenario, that the expected average 10% levies would hit government revenue in the range of C$500 million and C$1 billion. The document, labeled 'For a Stronger Quebec,' continues to significantly increase health care and education spending. The budget also outlines C$1.1 billion in initiatives next fiscal year and C$1.3 billion in 2026-2027 intended to boost the economy and help businesses impacted by the US tariffs, including financial support for market diversification projects. The province also plans to harmonize its tax regime to align with the federal government's planned extension of accelerated depreciation write-offs for some investments, including machinery and equipment. Julie White, chief executive officer of Quebec Manufacturers and Exporters, said in an interview that a newly tax credit for research, innovation and commercialization will be welcomed by companies, but she is concerned with Girard's baseline scenario. 'It means that we might not be able to deal with a more long-term trade war, that's our worry today,' she said. The province also tackles aging public infrastructure with a planned C$164 billion investments by 2035, C$11 billion more than previously stated. The budget includes reforms to improve the tax system and end some incentives deemed ineffective, and the government plans to free up C$6 billion annually by 2030 by reducing expenditures in some departments. The province plans to balance the budget by 2030. The net debt to GDP ratio is expected to rise from 38.7% this fiscal year to 41.9% in 2030, then fall to 32.5% by 2038. Asked about the risk of a downgrade to Quebec's credit rating, Girard acknowledged in an interview with Bloomberg that credit agencies have taken a negative view on Canadian provinces. 'We are confident that our plan to return to a balance budget is credible,' he said. (Adds economist reaction and Girard comment from interview in last paragraphs) Business Schools Are Back Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? 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