🇨🇦 Montreal, is a city in province of Quebec, Canada. Founded in 1642 as Ville-Marie, or "City of Mary", it is named after Mount Royal, the triple-peaked hill in the heart of the city. The city is centred on the Island of Montreal, which got its name from the same origin as the city, and a few much smaller peripheral islands, the largest of which is Île Bizard.
Economy Montreal has the second-largest economy of Canadian cities based on GDP and the largest in Quebec. In 2014, Metropolitan Montreal was responsible for CA$118.7 billion of Quebec's CA$340.7 billion GDP. The city is today an important centre of commerce, finance, industry, technology, culture, world affairs and is the headquarters of the Montreal Exchange. In recent decades, the city was widely seen as weaker than that of Toronto and other major Canadian cities, but it has recently experienced a revival. The Port of Montreal is one of the largest inland ports in the world, handling over 26 million tonnes of cargo annually.
Industries include aerospace, electronic goods, pharmaceuticals, printed goods, software engineering, telecommunications, textile and apparel manufacturing, tobacco, petrochemicals, and transportation. The service sector is also strong and includes civil, mechanical and process engineering, finance, higher education, and research and development. In 2002, Montreal was the fourth-largest centre in North America in terms of aerospace jobs. The Port of Montreal is one of the largest inland ports in the world handling 26 million tonnes of cargo annually. As one of the most important ports in Canada, it remains a transshipment point for grain, sugar, petroleum products, machinery, and consumer goods. For this reason, Montreal is the railway hub of Canada and has always been an extremely important rail city; it is home to the headquarters of the Canadian National Railway.
The headquarters of the Canadian Space Agency is in Longueuil, south-east of Montreal. Montreal also hosts the headquarters of the International Civil Aviation Organization (ICAO, a United Nations body); the World Anti-Doping Agency (an Olympic body); the Airports Council International (the association of the world's airports – ACI World); the International Air Transport Association (IATA), IATA Operational Safety Audit and the International Gay and Lesbian Chamber of Commerce (IGLCC), as well as some other international organisations in various fields.
Montreal is a centre of film and television production. The headquarters of Alliance Films and five studios of the Academy Award-winning documentary producer National Film Board of Canada are in the city, as well as the head offices of Telefilm Canada, the national feature-length film and television funding agency and Télévision de Radio-Canada. Given its eclectic architecture and broad availability of film services and crew members, Montreal is a popular filming location for feature-length films, and sometimes stands in for European locations. The city is also home to many recognised cultural, film and music festivals (Just For Laughs, Just For Laughs Gags, Montreal International Jazz Festival, and others), which contribute significantly to its economy. It is also home to one of the world's largest cultural enterprises, the Cirque du Soleil.
Tour de la Bourse has been home to the Montreal Exchange from 1965 to 2018. The Exchange is a derivatives exchange that trades futures contracts and options on equities, currencies, interest rates, and more. Montreal is also a global hub for artificial intelligence research with many companies involved in this sector, such as Facebook AI Research (FAIR), Microsoft Research, Google Brain, DeepMind, Samsung Research and Thales Group (cortAIx). The city is also home to Mila (research institute), an artificial intelligence research institute with over 500 researchers specialising in the field of deep learning, the largest of its kind in the world.
The video game industry has been booming in Montreal since November 2, 1995, coinciding with the opening of Ubisoft Montreal. Recently, the city has attracted world leading game developers and publishers studios such as EA, Eidos Interactive, BioWare, Artificial Mind and Movement, Strategy First, THQ, Gameloft mainly because of the quality of local specialized labour, and tax credits offered to the corporations. Recently, Warner Bros. Interactive Entertainment, a division of Warner Bros., announced that it would open a video game studio. Relatively new to the video game industry, it will be Warner Bros. first studio opened, not purchased, and will develop games for such Warner Bros. franchises as Batman and other games from their DC Comics portfolio. The studio will create 300 jobs.
Montreal plays an important role in the finance industry. The sector employs approximately 100,000 people in the Greater Montreal Area. The city is home to the Montreal Exchange, the oldest stock exchange in Canada and the only financial derivatives exchange in the country. The corporate headquarters of the Bank of Montreal and Royal Bank of Canada, two of the biggest banks in Canada, were in Montreal. While both banks moved their headquarters to Toronto, Ontario, their legal corporate offices remain in Montreal. The city is home to head offices of two smaller banks, National Bank of Canada and Laurentian Bank of Canada. The Caisse de dépôt et placement du Québec, an institutional investor managing assets totalling $248 billion CAD, has its main business office in Montreal. Many foreign subsidiaries operating in the financial sector also have offices in Montreal, including HSBC, Aon, Société Générale, BNP Paribas and AXA.
Several companies are headquartered in Greater Montreal Area including Rio Tinto Alcan, Bombardier Inc., Canadian National Railway, CGI Group, Air Canada, Air Transat, CAE, Saputo, Cirque du Soleil, Stingray Group, Quebecor, Ultramar, Kruger Inc., Jean Coutu Group, Uniprix, Proxim, Domtar, Le Château, Power Corporation, Cellcom Communications, Bell Canada. Standard Life, Hydro-Québec, AbitibiBowater, Pratt and Whitney Canada, Molson, Tembec, Canada Steamship Lines, Fednav, Alimentation Couche-Tard, SNC-Lavalin, MEGA Brands, Aeroplan, Agropur, Metro Inc., Laurentian Bank of Canada, National Bank of Canada, Transat A.T., Via Rail, GardaWorld, Novacam Technologies, SOLABS, Dollarama, Rona and the Caisse de dépôt et placement du Québec.
Montreal is rated Alpha − by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Alpha level cities are linked to major economic states and regions and into the world economy.
Montreal is the #27 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria – Human Capital, Business, Finance, Infrastructure and Reputation.
Montreal is ranked #101 and rated C+ by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. C+ cities are strong international gateway cities. Montreal was ranked #74 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Montreal has a population of over 1,704,694 people. Montreal also forms the centre of the wider Montreal metropolitan area which has a population of over 4,027,100 people. Montreal is the #360 hipster city in the world, with a hipster score of 2.0408 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores.
Twin Towns – Sister Cities Montreal is Sister cities with: 🇩🇿 Algiers, Algeria; 🇧🇪 Brussels, Belgium; 🇷🇴 Bucharest, Romania; 🇰🇷 Busan, South Korea; 🇺🇸 Boston, United States; 🇻🇳 Hanoi, Vietnam; 🇯🇵 Hiroshima, Japan; 🇫🇷 Lyon, France; 🇵🇭 Manila, Philippines; 🇭🇹 Port-au-Prince, Haiti; 🇪🇨 Quito, Ecuador; 🇸🇻 San Salvador, El Salvador; 🇨🇳 Shanghai, China; 🇹🇳 Tunis, Tunisia; 🇦🇲 Yerevan, Armenia.