Greater Montréal Financial Sector Gains in Importance

March 25, 2013

Montréal is now the 16th most important financial centre according to The Global Financial Centres Index 2013. Last year, the Quebec metropolis ranked 17th. Montréal has made significant progress since the first publication of the GFCI in 2007, gaining nine ranks in six years.

Greater Montréal financial sector employs nearly 100,000 people in more than 3,000 companies. Montréal’s finance sector can notably count on a pool of qualified labour, which is supported by a cutting-edge university sector, as well as by one of the most effective business environment. All sectors of finance are represented in Montréal: banks and other financial intermediaries, insurance, securities, pension funds and asset management consulting.

For more information, please visit Finance Montréal website.

Francis Langlois, Analyst, Economic Research Division

Source: Statistics Canada, Labour Force Survey (LFS), 2012

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