Focus Québec

In the current political and economic environment, Québec SMBs must make high-stakes decisions, each of which can result in significant consequences. Despite the prevailing uncertainty and risk, these major challenges can be transformed into growth opportunities.

The Focus Québec survey, initiated by our Quebec office, aims to explore the main challenges currently faced by Quebec entrepreneurs. This initiative aims to deepen understanding of how companies and organizations react to fluctuations in business and society. The aim is to support these players in sustaining their activities and prosperity, by providing them with perspectives and concrete solutions.

Key findings

This fourth edition of the survey, conducted in the fall of 2024, involved responses from 350 business leaders across Quebec and focuses on six key themes for entrepreneurs.

Geopolitical risks and complexities
Changing tax landscape
Wealth management
Prosperity, workforce and technology
Cybersecurity
New, more sustainable growth practices

Growing protectionist attitudes from the U.S. market represent the main challenge for Quebec business leaders. In order to navigate through the current economic turmoil and trade instability, it is essential that companies adjust their approaches accordingly. 87% of Québec executives have already reassessed their organization’s business strategies to minimize risks and seize business opportunities that may arise.