Canada Economic Development for Quebec Regions

  1. The governments of Canada and Quebec are granting a total of $3 million in loans to Muraflex to establish an Industry 4.0 factory and a new production unit. This project, valued at over $8.4 million, will lead to the creation of 75 jobs.
  2. The governments of Canada and Quebec have finalized an agreement with Formula One World Championship (FOWC) to ensure the return of the Formula 1 Grand Prix du Canada and its extension into 2031, two years beyond the current agreement. Due to the health measures in place to fight COVID-19, the Grand Prix du Canada is being cancelled for a second year in a row. The event will nonetheless return next year and will be held as outlined in the contract among the partners and the FOWC.
  3. Budget 2021 is the Government of Canada’s plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians. Today, the Minister of Economic Development and Official Languages, the Honourable Mélanie Joly, engaged with Yves Lalumière, President and Chief Executive Officer of Tourisme Montréal, Louise Beaudoin, Board President for Regroupement des événements majeurs internationaux, Paul Arseneault of the Université du Québec à Montréal and Martin Lessard of MT Lab on recovery for Montréal’s tourism industry. The discussion, organized by Canada Economic Development for Quebec Regions (CED) at MT Lab, centred on opportunities for this recovery outlined in the recent Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  4. Canada Economic Development for Quebec Regions supports cross-country ski, snowmobiling and quad trail maintenance in the Bas-Saint-Laurent region to help attract winter activity enthusiasts from home and abroad in the coming years.
  5. The following information is in addition to the news release issued on April 8, 2021, outlining CED’s financial assistance per organization.