Nearly 600,000 jobs supported by Port of Montreal: study

The Port of Montreal supports 589,364 jobs and generates $93.5 billion in economic activity through its service users, according to a new economic study released by Martin Associates.

These figures confirm the importance of the Port of Montreal to the Canadian and Quebec economies, said a release from the port — 3.5 per cent of national GDP and 10 per cent of Quebec GDP are due in part to the business activities driven by the 36 million metric tons (tonnes) of cargo that moved through the Port in 2022.

The Economic Impacts of the Port of Montreal study measures the impacts of cargo-related activities at the Port of Montreal on the economies of Canada and Quebec. The purpose of the study is to quantify the economic impacts generated by the handling of over 36 million tonnes of cargo at the port’s marine terminals in 2022.

According to the study, the number of direct, indirect and induced jobs, including businesses that depend on or provide services to the marine terminals was 37,774. The value of goods handled at the Port of Montreal was $151.2 billion. The contribution of users to the Canadian economy was $93.5 billion, while the contribution of users to the Quebec economy totalled $54.9 billion.

This new study also provides an overview of the economic impacts of activity in Ontario and the US, where the Port of Montreal serves as the main gateway to the heart of North America. For Ontario, goods transiting through the Port supported 154,774 user jobs and had an economic impact of $18.9 billion, or 2% of Ontario’s GDP.

For the US, the port produced 2,020 direct, induced and indirect jobs and $145.3 million in economic benefits.

For the study, Martin Associates used a methodology and definitions to measure the economic impacts of seaport activities at over 700 ports in the US and Canada over the past 38 years. The resulting economic impacts were based on a telephone survey of members of each of the economic sectors providing services to vessel and cargo activity at the Port, for a total of 1,100 interviews with 800 companies.