When the world breaks out of its shell following a wave of vaccinations, Montreal does not take a breather before returning to work. Canada’s second-largest city saw a staggering $ 1.86 billion in foreign investment in the first half of 2021.
This investment boom can be attributed to many things and has a widespread impact on the city’s employment market. First of all, it is essential to admit that the pandemic did not create a miraculous solution to attract investment. It was exactly the opposite. The blockade following the spread of the virus stopped Montreal’s economic boom in its path. Therefore, the development currently underway was a hot time two seconds ago.
One of the reasons may be due to Quebec’s decision to look for US investment. One of the notable achievements of this pursuit was when Microsoft decided to acquire Canadian tech startup Maluuba in 2017. That said, the pandemic has played a role in boosting media, IT, and cybersecurity-based businesses as more and more people have begun to evaluate it. These things when I went online.
Montreal has taken advantage of this opportunity to be successful. Great things are coming.
Companies in the city have launched 40 new projects, creating 6,300 new jobs. France’s L’Oréal, a leader in the global cosmetics industry, has also launched a project in the city’s Saint Laurent district. The project will include a distribution center expansion and will add a pallet with a storage capacity of 20,000.
This is all great news for the people of Montreal who couldn’t get through the pandemic smoothly. The country’s central hub and home to 8.6 million inhabitants, the city was more virus-stricken than any other city in North America. Death and illness are not strangers to people, and everyone has been forced into a strict blockade.
As vaccination efforts have doubled, the city is now transitioning from a blockade to a new normal state. A testament to the power of the people, the city shows more employment than it did before the pandemic.
Montreal became an economically successful investment pool for PlanetWeb.ca after Covid-19.
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