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Montreal : Industrial Snapshot - Q1 2013

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Montreal : Industrial Snapshot - Q1 2013

Canadian employment declined by 55,000 jobs in March, with Quebec seeing an employment decline by 17,000 jobs; pushing the unemployment rate to 7.7% from 7.4% last quarter. The most significant declines over the first quarter of 2013 were in manufacturing and educational services with job losses of 24,700 and 22,400 respectively although some gains were made in the service sector. GDP growth in Quebec is anticipated at a mere 1.2% for 2013, increasing to 1.8% in 2014—indicating that weaker economic times are currently upon us (BMO Capital Markets).

Source : Cushman & Wakefield

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