Quebec’s growing tech sector
Montreal and Québec City accounted for 61% and 6% of the province’s information and communications technology (ICT) job postings, respectively, from January to December last year. Quebec’s digital economy is bolstered by foreign direct investment and its innovation hubs.
The report stresses it will be important to strengthen the province’s ICT talent pipeline to ensure businesses have a skilled workforce that can achieve innovation, commercialization and productivity objectives. It points to work-integrated learning programs, such as co-ops and internships as the solution.
However, while 74% of employers who hired students through work-integrated learning programs reported that it helped them find the right talent, ICTC’s research found that many employers in Quebec are unaware of wage subsidy programs that can subsidize student hiring.
Unexpected vet bills don’t have to break the bank
Spot Pet Insurance offers coverage for treatment of accidents, illnesses, prescriptions drugs, emergency care and more.
Plus, their preventative care plan covers things like routine check-ups, microchip implantation, and vaccinations, if you want to give your pet the all-star treatment while you protect your bank account.
Get A QuoteChallenges for Quebec’s tech sector
Despite the province’s strengths, it faces a cooling ICT job market marked by declining research and development spending, increasing ICT unemployment rates and reductions in the number of ICT job postings.
While demand for tech talent surged early in the post-pandemic period, according to the report Québec’s ICT labour market has transitioned from favouring job seekers to favouring employers.
It’s due to this that a pessimistic projection suggests a potential annual decline of 0.4% in the digital economy.
Smart investing starts here
Get 100 free online equity trades with promo code EDGE100 when you open a CIBC Investor’s Edge account by Sept. 30, 2025. Click here to unlock 100 free trades and take control of your investments. Get started today.