Quebec, a land of science and technology, space industries, renewable energy, mining and natural resources
Quebec is a
rich province of Canada now billed as clean energy superpower.
The economy of Quebec is ranked the 37th largest economy in the world.
The economy
of Quebec is based mainly on the services sector. Quebec's
economy has traditionally been fuelled by abundant natural resources, a
well-developed infrastructure, and average productivity.
The credit rating of Quebec is currently rated Aa2 according to Moody's
rating agency. In June 2017 S&P rated Quebec as an AA- credit risk,
surpassing Ontario for the first time.
The Institut
national de la recherche scientifique is helping
to advance scientific knowledge and to train a new generation of students in
various scientific and technological sectors.
More than
one million Quebecers work in the field of science and technology which represents more than 30% of Quebec's GDP.
Quebec is
experiencing faster growth of its R&D spending than other
Canadian provinces. Approximately 1.1 million Quebecers work in the field of
science and technology.
Quebec has
over 260 companies which employ about 43,000 people.
Approximately 62% of the Canadian aerospace industry is based in Quebec. Quebec is also a major player in several
leading-edge industries including aerospace, information technologies and
software and multimedia.
The mining
industry accounted for approximately 6.3% of Quebec's GDP.
The pulp and
paper industries generate annual shipments valued at more than $14 billion. The forest products industry ranks second in
exports.
Agri-food
industry plays an important role in the economy of Quebec. The
abundance of natural resources gives Quebec an advantageous position on the
world market.
Quebec is
remarkable for the natural resources of its vast territory. Many metallic minerals are exploited, the principals are gold, iron,
copper and zinc. Many other substances are extracted including titanium, asbestos,
silver, magnesium, nickel and many other metals and industrial minerals.
More than a
million lakes and rivers cover Quebec, occupying 21%
of the total area of its territory.
The
government of Quebec has launched the Stratégie
québécoise de la recherche et de l'innovation (SQRI) in 2007 which aims to
promote development through research, science and technology. The government hopes to create a strong
culture of innovation in Quebec for the next decades and to create a
sustainable economy.
Quebec is
considered as one of world leaders in fundamental scientific research, having produced ten Nobel laureates in either physics, chemistry, or
medicine. It is also considered as one of the world leaders in sectors such as
aerospace, information technology, biotechnology and pharmaceuticals.
Quebec is also active in the development of its energy industries, including renewable
energy such as hydropower and wind power.
The Canadian
Space Agency was established in Quebec due to its major role
in this research field.
The province
is one of the world leaders in the field of space science and contributed to
important discoveries in this field.
Quebec ranks
among the world leaders in the field of life science. Quebec has more than 450 biotechnology and pharmaceutical companies which
together employ more than 25,000 people and 10,000 highly qualified researchers.
Montreal is ranked 4th in North America for the number of jobs in the
pharmaceutical sector.
Development
and security of land transportation in Canada
are provided by the ministère des Transports du Québec.
In the waters of the St. Lawrence there
are eight deep-water ports for the transhipment of goods.
Concerning rail transport, Quebec has 6,678 kilometres (4,150 mi) of
railways integrated in the large North American network.
The upper air
network includes 43 airports that offer scheduled services
on a daily basis. In addition, the Government of Quebec owns airports and
heliports to increase the accessibility of local services to communities in the
Basse-Côte-Nord and northern regions.
Various other
transport networks crisscross the province of Quebec, including hiking trails,
snowmobile trails and bike paths.
Quebec is
the fourth largest producer of hydroelectricity in the
world after China, Brazil and the United States and relies almost exclusively
(96% in 2008) on this source of renewable energy for its electricity needs.
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