Les Îles-de-la-Madeleine count several dynamic, resilient businesses and organizations with innovative ideas that are contributing to a strong local economic fabric. Across all sectors, certain innovative organizations have seen development opportunities in the impacts of the COVID-19 pandemic and, now that they are ready to rebound, they need support to play their key role in the economic recovery and ensure the vitality of their communities. The Government of Canada is committed to assisting them as they pursue their activities and to fostering their growth and success.
With this in mind, the Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles–de-la-Madeleine and Minister of National Revenue, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for CED, today announced $43,500 in financial support for La Méduse Verre Soufflé (La verrerie de la méduse inc.). This repayable contribution will be used to acquire production ovens, which will enable the business to increase its productivity. This project will create one job.
Founded in 1985, La Méduse Verre Soufflé is one of the oldest glass-blowing workshops in Canada. The Îles–de-la-Madeleine business specializes in developing, manufacturing and marketing blown glass pieces. It offers a whole range of products that can be found online and at several points of sale in Montréal, Québec, the Maritimes and, of course, its boutique and workshop in Havre–aux–Maisons, which normally welcomes some 20,000 visitors in the summer season.
The Government of Canada is proud to recognize and support businesses and organizations that are a source of pride in their communities. Quebec’s future and economic recovery rely on organizations that are closely involved in regional economies. They are significant contributors to growth and are key assets in rebuilding a stronger, more resilient and more just economy for all.
Quotes
“The Government of Canada is encouraging innovative SMEs and recognizes the need to take action based on the strengths and assets of each region. As such, CED’s support for La Méduse Verre Soufflé will enable the business to guarantee its staying power, remain competitive and develop new markets in a post-pandemic context, while also enabling Les Îles-de-la-Madeleine to position itself at an advantage to participate in the coming recovery.”
The Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles-de-la-Madeleine and Minister of National Revenue
“The Government of Canada has a mission to accompany the country’s businesses and regions into tomorrow’s economy and to help them seize the business opportunities that will arise. That is why we are providing our support to specific assets in Quebec’s various regions, including here in Les Îles–de–la–Madeleine. Leveraging these assets is essential to ensure an inclusive recovery and create good jobs in all of our communities.”
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED
Quick facts
The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, is also the minister responsible for the six regional development agencies (RDAs), including CED.
Funds have been granted under CED’s Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
CED is a key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, [email protected]; Catherine Mounier-Desrochers, Press Secretary, Office of the Minister of Economic Development and Official Languages, [email protected]
OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.
However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.
The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.
Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.
The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.
The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.
This report by The Canadian Press was first published Oct. 17, 2024.
OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.
In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.
The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.
Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.
In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.
It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.
This report by The Canadian Press was first published Oct 16, 2024.
OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.
The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.
The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.
Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.
Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.
Overall manufacturing sales in constant dollars fell 0.8 per cent in August.
This report by The Canadian Press was first published Oct. 16, 2024.
