A new report says Quebec's economy is emerging from the global recession in better shape than other big provinces such as Ontario, Alberta and British Columbia.

While those other provinces may be considered Canada's economic heavy-hitters, TD Bank Financial Group says Quebec has avoided the worst.

The report says Quebec's steady performance is due in part to its stable housing market, which propped up consumer confidence and household consumption.

The financial group also says the province benefited from the billions it invested in infrastructure projects, many of which were already underway when the recession struck.

TD chief economist Don Drummond says the recession has been more brutal in other parts of the country.

But he adds that the medium- and long-term challenges are great for Quebec.