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Montreal's Foreign Investment Surges

Published 3 days, 10 hours ago
Description

Greater Montreal attracted $2.628 billion in foreign investment last year, maintaining its economic momentum despite global slowdown. This investment, spread across 54 projects, created or retained 3,720 jobs, with an average salary of $114,000, marking a new high. Over 75% of the investment came from existing foreign firms, reinforcing the citys talent pool and business environment. The investments are expected to generate significant tax revenue for Quebec, Canada, and Montreal. The U.S., France, Germany, and other Canadian provinces were the top investors, with sectors like aerospace, renewables, AI, IT, and video games driving growth. Montreals strategic immigration policies also played a crucial role in attracting skilled talent.

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