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Montreal to add 90,000 jobs by 2016

June 13 2013

The next three years will bring some 90,000 new jobs to Montreal, according to a new report released today by BMO Economics. The report notes that Montreal’s employment rate is already near a record high, with the jobless rate at 8.2 percent.

“Over the medium term, we expect the city to add about 90,000 jobs by the end of 2016, pulling the unemployment rate down to close to pre-recession levels at just above 7 percent,” said Robert Kavcic, senior economist, BMO Capital Markets.

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Staffing Industry Analysts

Katherine Alvarez 06/17/2013 03:32 pm

“We don’t see any one sector particularly standing out given the diversity of the Montreal economy,” said Senior Economist and Vice President of Economic Research Robert Kavcic, the economist who prepared the study. He said service sectors — finance, professional services, education and health — will probably continue to lead. Manufacturing will likely lag with a still-strong Canadian dollar, but not quite as badly as recently, thanks to an improving U.S. economy. Construction should also lag after multi-year boom, especially on the residential side.


Agile 1

Carrin Smith 06/13/2013 02:07 pm

I would be interested in hearing more about which sectors the expected growth in Montreal will lie.


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