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Montreal continues to lag behind other large North American cities when it comes to economic vitality, according to a ranking produced by the Institut du Québec, but the city does have one card up its sleeve: its quality of life.

“In Montreal, you don’t necessarily have the salaries of Silicon Valley, around San Francisco, but you have a very good quality of life,” Jean-Guy Côté, the associate director of the institute, said in an interview.

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“Studies are starting to show that the younger generations, people who have a lot of talent, aren’t only concerned about salary,” he said.

For three years, the research institute, a joint venture between the Conference Board of Canada and HEC Montréal, has compared Montreal with other North American cities. It looks at five categories: economic vitality, human capital, innovation, quality of life and attractiveness.

The ranking compares Montreal with Toronto, Vancouver, Boston, Philadelphia, Denver and San Francisco, among others. It uses data from the most recent Canadian census, conducted in 2016.