Quebec mining investment at an all-time high, up 43% from 2009
The mining industry in Quebec is roaring, with $2.92 billion in investment in 2010, up from 43% in 2009.
The Institut de la statistique du Québec, which released the findings on Wednesday, said that this was the seventh straight year mining investment increased, and in each of the last three years investment was greater than $2 billion.
In March the Fraser Institute warned that changes to the province's tax code would harm business investment, and Quebec slid from first to fourth in the institute's list of mining-friendly jurisdictions. If the changes don't weigh on province, 2011 could be a banner year.