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Let us decide its own cultural priorities, Charest says Quebec premier calls for reversal of arts funding cuts KEVIN DOUGHERTY, The Gazette Published: 8 hours ago (The Gazette)

Sandoz to open new Quebec plant The Gazette; Reuters Published: 7 hours ago Drug maker Sandoz Canada, part of the European-based multinational Novartis, is unveiling its new manufacturing plant in Boucherville next Tuesday. The project is the second stage of a multimillion-dollar investment by Sandoz. Quebec Economic Development Minister Raymond Bachand will lead the ceremony. The Boucherville plant specializes in generic sterile products. Sandoz employs almost 680 in Canada.

La banque publique sud-coréenne Korea Development Bank (KDB) souhaite acquérir 25% de la banque d'affaires américaine Lehman Brothers, actuellement en difficulté. Pour en lire plus...

La banque d'investissement américaine pourrait bien être la proie de la Korea Development Bank, rapporte l'agence Reuters. Pour en lire plus...

I have created a KMZ (Google Earth) file showing some proposed and confirmed development plans for Montreal. Feel free to Download it and give me your comments. If you have any other Plans or Maps I would be very interested in adding them. http://bbs.keyhole.com/ubb/showflat.php?Cat=&Number=1218106&page=0&vc=1&PHPSESSID=#Post1218106 Thanks

May 20, 2008 Lodging Econometrics Reports Canadian Construction Pipeline At a High in Q1 2008 with 265 Projects/33,964 Guestrooms The Pipeline Has Now Begun to Unfold in Earnest USA – Lodging Econometrics (LE), the Global Authority for Hotel Real Estate, announced that Canada’s Construction Pipeline totaled 265 projects and 33,964 guestrooms at the end of Q1 2008, a high for the cycle. Hotel construction in Canada has been solid. The total number of guestrooms in the Pipeline grew for an eighth consecutive quarter, and is up 14.2% year-over-year. All projects included in the LE Pipeline have dedicated land parcels, are being actively pursued by developers and have been verified by the brands. The total Pipeline appears to have reached its peak, as project and room counts have held steady for the past three quarters. Those to Start Construction in the Next 12 Months, 93 projects/11,649 rooms, and those in Early Planning, 83 projects/9,975 rooms, are at highs for the cycle. Meanwhile, the totals for Under Construction, 89 projects/12,340 rooms, are down from the cyclical peak established in Q2 2007.” Several Factors Have Developers Becoming Cautious Certain dynamics have aligned to cause developer caution. The Bank of Canada instituted three consecutive decreases to its key interest rate since December 2007, down a quarter-point in both December and January, then a further half-point in February, indicating concern about a slowing in the economy. Hotel operating statistics were strong in 2006 and 2007, however, a continued decline in visitors from the United States due to the low US Dollar, higher gasoline costs and reductions in discretionary spending, along with indications that domestic travel is apt to decline as well, mean that guestroom demand is likely to soften moving forward. With these emerging concerns, it appears that hotel developers are taking a cautious approach for the moment. The number of New Projects announced into the Pipeline, 15 projects/2,038 rooms in Q1 2008, represents a 58.3% decrease from Q4 2007 for both projects and rooms. It is the smallest count seen in over three years. Construction Starts for Q1 2008 totaled just 9 projects/1,329 guestrooms. Although first quarter Construction Starts are historically slower than the rest of the year, the counts for Q1 2008 are at a very low level. Projects already in the Pipeline are proceeding at a sluggish pace, with projects backlogged in the Scheduled Starts and Early Planning stages, suggesting that developers are more conservative and taking a wait-and-see approach. LE’s Forecast for New Hotel Openings LE’s Forecast for New Hotel Openings estimates that 82 projects having 9,554 rooms will come online in 2008, while 88 projects/10,807 rooms are slated for 2009, with 12,340 rooms already Under Construction. This represents a gross growth rate of 3.5% and 3.8%, respectively, before any guestrooms are removed from inventory. Net New Supply grew 2.0% in 2006 and 1.9% in 2007. Currently, The Pipeline, growing throughout the decade, is beginning to unfold just as demand is modestly starting to soften. Development is Concentrated in Key Markets Of the 33,964 rooms in the total Pipeline, only 16% of those rooms are full-service, with 57% in the select or limited service segments. Another 27% is currently designated as Independent. Approximately 70% of those rooms in the Independent segment will choose a brand prior to opening, mostly in the select and limited service category. The bulk of hotel development is in the Central and Western regions. Ontario leads the Central provinces in terms of pipeline counts, with 94 projects/14,072 rooms, while Quebec has 25 projects/3,800 rooms. In the Western Region, Alberta, with 61 projects/6,457 rooms, and British Columbia, with 44 projects/5,430 rooms, have the largest provincial pipelines. Ten markets have the significant share of the Pipeline. In these markets, there are 123 projects/18,902 rooms, or 56% of the total Pipeline. In Ontario, Toronto leads with 34 projects/5,946 rooms, with Niagara Falls second at 13 projects/3,013 rooms. In Quebec, Montreal’s pipeline stands at 11 projects/1,786 rooms. For the Western Region, Vancouver, at 19 projects/2,628 rooms, Edmonton, at 13 projects/1,526 rooms, and Calgary, at 10 projects/1,486 rooms have the largest pipelines. All other markets have six or fewer projects. Global Brands Lead the Way Global brands currently make up 72% of projects within the total Pipeline. InterContinental leads with 55 projects/5,626 rooms, with 40 Holiday Inn Express’ and 9 Holiday Inns. Marriott International has 28 projects/4,115 rooms under development, 15 of which are Residence Inn and Fairfield Inn properties. Hilton Hotels follows, with 24 projects/3,701 rooms, then Starwood Hotels & Resorts with 15 projects/3,021 rooms. Super 8 accounts for 31 projects/2,184 rooms of Wyndham Worldwide’s total pipeline, most of which are being developed by master franchisor, Superior Lodging Corporation. It’s a Time of Transition After rapid growth mid-decade, the Construction Pipeline may be at its cyclical peak. The economy appears to be moderating and lodging demand slowing, yet New Openings flowing from the Pipeline will be accelerating throughout 2008 and 2009. Developers have sensed the economic transition and turned cautious, as both New Project Announcements and movement within the Pipeline are slowing. It’s early in the transition. More time will be required to assess trends for the near term. :thumbsup: :thumbsup: This info comes from http://www.lodgingintelligence.com/2008/Canada%201Q08/1Q08CanIndustry.htm

Consortium a welcome booster shot for pharmaceutical research PETER HADEKEL, The Gazette Published: 8 hours ago Up to $48 million over four years could be pumped into drug discovery in Quebec under an innovative new consortium that links governments, pharmaceutical companies and universities. The Quebec Consortium for Drug Discovery, announced last week by Economic Development Minster Raymond Bachand, could be a welcome shot in the arm for the pharmaceutical and biotech sectors in Montreal. The industry has a significant presence in Quebec, with 145 companies, nearly 21,000 jobs, and five centres for basic pharmaceutical research. About $550 million in new investments have been announced since 2006. But like the rest of the industry worldwide, the biopharmaceutical companies operating here have been struggling to find and develop the next generation of blockbuster drugs to treat more complex medical conditions. The easy discoveries have been made. For example, it's a lot easier to develop a product to lower blood pressure than one that enhances memory in an Alzheimer's patient. Meanwhile, regulatory requirements are rising amid public concern over drug safety and efficacy. And the cost and time it takes to develop a new drug and bring it to market continue to increase. Bachand hopes to create some new momentum and capitalize on the research strengths already here. The plan is to create a public-private partnership that will foster research at the pre-competitive stage. Private sector participants are AstraZeneca, Merck Frosst and Pfizer Canada, with each expected to kick in $5 million over five years. University players include McGill, the Université de Montréal, Université Laval and the Université de Sherbrooke. Government funding will come from Quebec's Ministry of Economic Development and its Fonds de la recherche en santé du Québec. The federal government has been asked to chip in through its Networks of Centres of Excellence program. Small biotech companies can also participate by applying for funding from the consortium for their own research projects. The initial amount of money may seem small, but the goal is to build new links between the players in Quebec, the consortium's director, Max Fehlmann, said in an interview. The emphasis will be on finding drug-discovery technologies that can benefit the entire industry rather than on finding new molecules per se, he said. The idea is to make that intellectual property available to other investors in the program, who would pay a licensing fee to the discoverer to access the findings. Quebec's program is modeled on similar ventures in Europe and the U.S. The difference, said Fehlmann, is those programs are government-run while this one will be steered by consortium members themselves. The drug venture is also inspired by a similar program in the province's aerospace sector. The Consortium for Research and Innovation in Aerospace in Quebec funds pre-competitive research and licenses the findings to its various industrial partners. Philippe Walker, vice-president of research at AstraZeneca Canada, says "the idea is to develop a kind of neutral, fertile ground where ideas could be exchanged." ne example, he says, could be to find new brain imaging techniques that would help to confirm a diagnosis of Alzheimer's disease and evaluate at an early stage whether new drugs are having an effect on the patient. "This could tap into the historical strengths of various groups in Montreal who have developed imaging technology. "There are a lot of good things happening in Quebec," Walker added. One reason AstraZeneca invested in its Montreal research facility was to be close to academic scientists working here in the pain research field. Collaboration is considered a key to creativity in drug science, because new discovery often comes at the intersection between two disciplines. "It's extremely difficult and complex to develop a new drug," Walker said. "The pharma industry in general, not only in Quebec, is suffering from a reduction in productivity if it's measured by the number of new (products) that are put on the market." On average, the drug industry spends between $800 million and $1.7 billion (over a 12-to-15 year period of research and development) to bring a new product to commercialization, U.S. data show. The Food and Drug Administration in the U.S. backed its collaboration initiative, known as Critical Path, in the hope that it would help to cut delays and costs. And backers of the venture in Quebec are betting it can lead to the same kinds of gains. phadekel@videotron.ca http://www.canada.com/montrealgazette/news/business/story.html?id=d2f98b6b-95bf-4681-9ac3-2de68e832fe2&p=1

Montreal projects get $17M The Gazette Published: Monday, June 16 International Science and Technology Partnerships Canada Inc. today announced $17 million in research and development funding to support three Montreal-based projects involving Canadian and Indian companies. Beneficiaries include CAE Inc., Pratt & Whitney Canada Corp. and McGill University, according to an announcement today by Foreign Affairs Ministers David Emerson. The three projects include the application of biofuels for aviation, the design and development of a new generation of regional transport aircraft and an improved system for storing dangerous materials in aboveground tanks. "Our government understands the importance of establishing international research partners and the critical role science and technology plays in the new economy," said Emerson. "These joint projects will enhance the collaboration between our scientists and commercialize their discoveries." http://www.canada.com/montrealgazette/news/business/story.html?id=d92f9f3c-9ed2-48f3-a340-ded06146a499

Toronto's Condo Kings: Is their boom sustainable? Property developer Peter Freed, head of Freed Decelopments poses for a photo at his penthouse apartment in downtown Toronto.Chris Young for Financial PostProperty developer Peter Freed, head of Freed Decelopments poses for a photo at his penthouse apartment in downtown Toronto. Jacqueline Thorpe, Financial Post Published: Monday, June 02, 2008 From his penthouse in Toronto's hip fashion district, Peter Freed can track the development of his six next condo projects taking shape along King Street West. One of Mr. Freed's buildings will have interiors by Philippe Starck, the must-have French designer of the moment. Another will be inspired by the Neoplasticism art movement made famous by Mondrian, where design is pared down to the basics of lines and the primary colours red, yellow and blue. Mr. Freed has eight projects on the board worth a total of half a billion dollars, a tiny fraction of the record 33,980 units under construction in the city. Canada's biggest city has become North America's biggest condo market, with more units now under development than Manhattan, Chicago and Los Angeles. As Mr. Freed looks off his terrace, where the lap pool and giant padded loungers are looking a little forlorn on a wet spring day, he is confident Toronto will not also become North America's biggest condo meltdown. "Right now, there's very large demand," says Mr. Freed, dressed casually in jeans, shirt-tails hanging out, no laces in his shoes. At 39, the laid-back developer is the fresh face of an eclectic group of condo kings who are transforming the very skyline of the city. Along with other design-focused builders like Cityzen Development Group, stalwarts like Tridel Corp. and Menkes Developments Ltd., and newcomers like Bazis International Inc., Mr. Freed is banking on the view Toronto is undergoing a seismic housing shift. Figures show a marked slowing in the Canadian housing market this year, including a 7.3% year-over-year drop in existing homes sales in Toronto in April and a subsiding of the mania that drove the condo market into overdrive last year. But builders say demographics, immigration, government regulation and cultural change will continue to skew demand for housing toward the condominium. Housing hotspots like Calgary may have already burned themselves out in a frenzy of building and soaring prices, but Toronto's rise as a global city will allow it to ride out any short-term weakness, they say. "We understand there's 75,000 people a year for the next 20 years projected to move into the city core," says Mr. Freed. So Toronto's condo kings, mostly privately held, backed by joint-venture partners and old-fashioned bank loans, are knee-deep in a building boom that has seen 67,984 condo units in 316 buildings launched since 2004. To anyone walking the city streets, the scale of activity is eye-popping, with dozens of cranes swinging like mammoth meccano sets across the skyline, the monotonous thud of foundation pilings being driven into the ground and convoys of cement trucks causing endless traffic snarls. They are building by the waterfront, around the subway line in the north of the city and in the east end where work-live lofts are all the rage. At Concord CityPlace, an 18-hectare master-planned city near the waterfront, 21 condo towers will eventually arise from barren railway lands, along with town homes, lofts and a large park. The city-within-a-city will be home to 16,000 people. "People ask us all the time what's going to go on in the market," says James Ritchie, vice-president of sales and marketing at Tridel, the biggest builder of condos in Toronto and owned by the DelZotto family. "To be candid, it's very difficult to tell you where it's going to go one way or another, other than when we look at the fundamentals, what's happening here in Toronto and how it's going to affect housing. The fact is, it's sustaining itself." Toronto real estate developers need to be an optimistic lot. Not only do they have the current U.S. housing bust hanging over their heads, but also the still-fresh memory of the Toronto property crash of the early 1990s. "We didn't call that a recession in our industry; it was a depression," says Sam Crignano of Cityzen, which has 14 projects and 9,000 units on the board, including the Daniel Libeskind-designed glass L Tower, which will rise like a glam-rock platform boot at the foot of the city on Front Street. "It was that perfect storm - a number of factors all converged to create that disaster." Double-digit interest rates, overbuilding, the introduction of the GST and a recession that sent unemployment soaring to 12%, brought the Toronto property market to its knees. According to Goldman Sachs, it was the fourth longest of 24 housing busts in the OECD since the 1970s. Prices declined from December, 1989, to September, 1998, a 34-quarter marathon that took values down 50% in some areas. Not only did the residential market fall apart, but Canada was home base for some very public flameouts in the commercial and retail real estate sector, with Campeau Corp. and the Reichmann's Olympia & York Developments Ltd. filing for bankruptcy. Now, the U.S. housing meltdown looms large, with prices down about 14% from their 2006 peak and so many homes on the market it would take nearly a year to shift the supply. The developers have noticed the first quarter softening. But they are not afraid. New condo sales totalled 3,433 in Toronto, only eight fewer units than last year, according to Urbanation, a condo tracking firm. And the price per square foot for sales rose to $388 from $348. However, with a glut of new buildings nearing competition or under construction, the market is definitely expected to cool. Brad Lamb, Toronto's biggest condo broker, and its most flamboyant, says new condo sales could be off as much as 40% this year and resales 10%. Mr. Lamb has his head, plastered onto the body of a lamb on billboards all over the city. He also hosts Big City Broker on HGTV, a "docu-soap" looking at the business of real estate. "But last year was an incredible, stupid year, where literally every property we put on the market sold by auction, with four or five bidders for every property," he says. "We're still getting that a bit, but it will start to taper off. The time to sell is about 30 days. A year ago it was 15 days. It will probably go to 60 days, which is a normal market. Sixty days is still a seller's market." The condo kings take a long-term view of a city they say is still in its infancy. "Over the last 10 years Toronto has grown by over a million people," says Alan Menkes, president at Menkes Development, which has been developing homes in the Toronto area for the past half century. Its latest project is the Four Seasons Hotel and Private Residences, a two-tower development in tony Yorkville, where luxury suites will run from 1,100 to 9,000 square feet and prices from $1.2-million to $16-million. "You're adding jobs, you're adding buying power," Mr. Menkes says. "They come with capital and they're looking for housing." Immigration is the main driver behind the condo story for Toronto, say developers, each one of whom can reel off the statistics on their fingers. Immigration to Canada totals roughly 225,000 a year and some 40% to 50% settle in Toronto. The Greater Toronto Area is expected to swell from about 5.5 million people to 6.9 million in 2016 and 8.3 million by 2031. The city proper is projected to reach 3.05 million by 2031. The Ontario government increasingly wants that population contained. In 2005, the province slapped an 800,000-hectare greenbelt - about the size of Prince Edward Island - around Lake Ontario, protecting a large swathe from development. The effect has been to intensify construction around established cities and vertically. Immigrants are used to living in apartments, developers add. With rental units all but disappearing as a result of the rent controls of the 1990s, the condo is a natural alternative. "The house is really more a North American phenomenon because no one in Europe can afford it because land is so expensive," says Michael Gold, president of Bazis North America. The developer has 35 projects underway around the world, including 1 Bloor, an 80-storey tower to be built on the corner of Canada's priciest retail strip. "We really see Toronto catching up to the rest of the world." Mr. Ritchie is loath to call the recent increase in building "a boom." Rather, he prefers to call it a slow, steady ramp-up to accommodate the growing swell of people. Besides immigrants, young people - especially women - are fuelling condo demand. They live with their parents longer, save money and move directly into home ownership. "One of our developments at Broadway and Redpath, I would say 25% to 30% of those units were purchased by single women probably in their late-20s, early-30s on a career path," says Mr. Crignano of Cityzen. Mr. Lamb says his company has reams of buyers in their 20s, drawn by the affordability of condos. "They used to be over 30," he says. "It's a very industrious generation of young people who see the benefit of owning their own property." The condo scene is turning Toronto into a young and very social city, Mr. Lamb adds. "CityPlace is like Peyton Place or Melrose Place," he says. "In a building like CityPlace with 400 people - 400 people typically under 40 - I can tell you the scene at the pool is crazy." At the other end of the spectrum, empty-nesters and an increasingly mobile and wealthy international set are demanding luxury and high-end design. It is a trend being witnessed around the globe, the end product of years of strong economic growth - spurred by the development of China, Russia, India, Brazil and fanned by low interest rates - which has raised income across the world. Phillipe Starck, for example, is designing interiors in Thailand, China, Japan, and Denmark. Canada's resource boom has brought it to the party. Mr. Freed says demand for more expensive units has risen gradually and that the luxury buyer is prepared to shop around. "We sold 20 high-end units in other buildings that were between $1-million and $2-million, but we had a lot of people who didn't buy," he says. "They didn't want to be in buildings with people who were buying units for $180,000." In March, he sold $20-million worth of condos in two weeks at one of his higher-end buildings, where units range from $1.5-million to $5.million. Mr. Menkes at Menkes Development says 70% of the Four Seasons Private Residences have been sold. "We're really providing a product that was not available before. We're putting Toronto on the map in terms of international draw," he says. The developers see every downtown Toronto parking lot or disused industrial space eventually filled with condos, mixed with shops and restaurants, and an increasingly educated and wealthy public - working in banking, design, media, medical research and the arts - moving in. Even if there are lean years ahead, they say they are much wiser than they were in the early '90s, with buildings pre-sold before the foundations are dug. "The fiscal discipline that has been instilled in developers today because of the '90s debacle has put us in much better standing," Mr. Menkes says. "Just in terms of banking underwriting, when we do construction loans, the discipline is much more rigorous." Cautionary notes aside, it is clear the condo kings are thrilled to be participating in the rise of Canada's condo city. "The city is going to be much wealthier and much more exciting because of all these new developments," Mr. Lamb says. Adds Mr. Menkes: "I think everyone feels proud when they see the nice skyline of the city they're living in." "I've lived in Toronto my whole life," says Mr. Freed. "To see certain downtown neighbourhoods take shape and become so liveable, so fast, it's incredible." Financial Post jthorpe@nationalpost.com http://www.financialpost.com/reports/property/story.html?id=552055 ________________________________________________________________________________________________________ From boom to gloom? Is that a continued property boom on the horizon or is a bust just around the corner?Peter Redman/National PostIs that a continued property boom on the horizon or is a bust just around the corner? Jacqueline Thorpe, Financial Post Published: Friday, May 30, 2008 Leave it to Garth Turner to throw cold water on the notion Canada can achieve a soft real estate landing, when history and the slump south of the border show that is a rare feat indeed. The personal-finance author-turned-Conservative-turned-Liberal MP for Halton, Ont., was one of the first to warn of the 1990s property flop - albeit several years too early. Now he thinks Canada is facing precisely the same mix of elements that burst the U.S. real estate bubble. "We are in a monumental denial phase," says Mr. Turner, who's book Greater Fool - The Troubled Future of Real Estate was published in March. "My theses is now reality, we are starting to see substantial sales declines that were ruled out only six months ago as impossible," he says. "But now people are saying prices aren't moving down. They will." The figures do show a noticeable retreat in the Canadian housing market this year. Nationally, resales fell 6.1% year-over-year in April, while price gains have slowed to 4% from around 10% in each of the prior five years. Calgary saw sales drop 31.2% over the year, Edmonton, 25.4% and Victoria 14.2%. Calgary and Edmonton also saw prices dips. According to Urbanation, a condo tracking firm, the condo market has defied the trend and remained fairly steady through the first quarter, even as a several new buildings hit the market. Mr. Turner says housing markets blow themselves out when prices rise beyond the reach of average buyers. This is what happened in the United States. "To keep the party going, the mortgage industry, the credit industry, backed by the banks, decided to lower the bar to ownership," he says. The subprime industry was born and home buyers with scant credit history and skimpy income were drawn into the market, enticed by no-money-down mortgages and interest rates that started out low, then ballooned to unsupportable levels. Similarly, in Canada, prices have risen beyond the reach of the average buyer, Mr. Turner argues. "What has been the response?" he asks. "The 40-year mortgage." Economists estimate amortizations longer than 25 years now constitute about 70% of all insured mortgage applications and about half of that amount is for the 40-year product. Mr. Turner reserves his starkest warnings for sprawling suburbs mushrooming around Canada's major cities. He says many new home developments have mortgage representatives onsite offering the same kind of no-money-down deals that dragged down the U.S. market. Buyers just have to come up with 1.5% of the house value to cover closing costs. These will become the "particle board slums of the future," Mr. Turner says, as smaller families and surging energy costs cause the suburbs to fall out of favour. But the Toronto condo market is heading for trouble too, as overbuilding swamps demand, he says. "We are classically at the end of a bull market," Mr. Turner says. Read the argument for a boom Financial Post jthorpe@nationalpost.com Close Presented by Reader Discussion http://www.financialpost.com/reports/property/story.html?id=552055

Source: http://www.financialpost.com/working/story.html?id=272627 Montreal's aerospace sector skyrockets Hiring Overseas Christopher De Wolf, Canwest News Service* MONTREAL - There's no way around it: The Aerospace industry in Montreal is booming. So much, in fact, that a new report issued by the Conference Board of Canada credits it with being the main force behind Montreal's economy, which is expected to grow by 2.6% in 2008. Just last week, the federal government announced that Quebec aerospace companies will benefit from $660-million in contracts to build parts for new Canadian Forces airplanes. That should lead to even more job growth in the sector, which already counts 44,548 positions in Greater Montreal, an increase of more than 2,500 since 2006. For many companies, finding new employees is a challenge. That's the case for Alta Precision Inc., a 50-employee Anjou, Que.-based company that makes landing gear components. "Our biggest hardship in 2007 was finding the right labour," said Giovanni Bevilacqua, the company's director of business development. "We've actually been going to India and Romania to find new people. " Alta Precision needs to fill 15 positions, Mr. Bevilacqua said. He expects most of its new hires to come from overseas, where it is easier to find workers with several years of experience. But that doesn't mean it has given up on local talent: Last year, the company invested in advertising, headhunters and in-school recruitment to find new employees. Mr. Bevilacqua said that as a small company, Alta Precision has a hard time competing for workers with "big boys" including Pratt &Whitney. Jean-Daniel Hamelin, spokesman for Pratt & Whitney Canada, a Longueuil-based aircraft engine manufacturer, stressed that the diversity of aerospace employers in Montreal is what makes the industry so strong. "If you have an excellent pool of candidates and a large group of employees, they can seek the employer that best suits their need," he said. Last fall, Pratt & Whitney Canada hosted a job fair for the first time in years. "It was a real success," Mr. Hamelin said. "We had about 100 positions to fill and we ended up retaining 175 candidates." The company's workforce now numbers 5,700 in the Montreal area. One of Pratt & Whitney's greatest sources of new recruits are students from Montreal's post-secondary aerospace programs, including those offered by the Montreal Aerospace Trade School, the National Aerotechnical School and the engineering departments at McGill and Concordia universities. Serge Tremblay, president of the Center for Aerospace Manpower Activities in Quebec, a non-profit organization that works with major aerospace players to develop skilled labour in the industry, said innovation is key to Montreal's success. "[in Montreal,] we invest close to 10% of our sales in research and development. By investing millions of dollars a year, it's obvious that you're in it for innovation," he said. Bravo Chris, aka Kilgore Trout :-)

Montréal ranks first for university research in Canada - Montréal universities received $1 billion in funding MONTREAL, Nov. 5 /CNW Telbec/ - Greater Montréal ranked first among all metropolitan areas in Canada, both in terms of funding allocated to university research and in number of university researchers. Such were the findings of an analysis conducted by Montréal International based on ranking issued by the Research Infosource firm on research funding attributed to Canadian universities by federal and provincial organizations, and the private sector. The study also found that in 2006, six of Montréal's main university establishments managed research funds totalling a billion dollars, i.e. 18% of the country's total research budget. Greater Montréal is also the national champion in terms of number of university researchers, who numbered close to 5,500 in 2006, i.e. over a thousand more than its closest competitor, Toronto. These statistics once again confirm Montréal's vocation as Canada's capital of university research. Montréal has held on to the lead position in this respect since 1999. During the 1999-2006 period, Montréal universities alone had over $6.5 billion at their disposal, i.e. 20% of the Canadian total. Pierre Brunet, Chairman of the Board of Directors of Montréal International, underscored the pivotal role of university research in the context of today's knowledge-based economy: "Research activities and the spinoffs of our university system help make Greater Montréal more competitive on the world stage. Because innovation is a powerful driver of economic development and a key element of the drawing power of urban centres, particularly in the high-technology sectors, Montréal's universities can certainly be considered as extremely strategic assets." Recognized as a world-class centre for academic instruction, Montréal boasts 11 university establishments, notably McGill University, Concordia University, Université de Montréal, Université du Québec à Montréal, Institut national de la recherche scientifique and Ecole de technologie supérieure, all of which are mentioned in the study. About Montréal International Montréal International was created in 1996 as a result of a private/public partnership. Its mission is to contribute to the economic development of Greater Montréal and to enhance its international status. Its mandates include attracting foreign investment, international organizations and strategic workers, and supporting the development of innovation and high-technology clusters in the region. Montréal International is financed by the private sector, the Communauté métropolitaine de Montréal, the City of Montréal and the governments of Canada and Québec. Since 2000, Montréal International has been involved in 379 direct foreign investment projects totalling $5.6 billion. From these investments, 28,186 jobs have been created and 5,459 jobs have been maintained. For further information: Céline Clément, Communications Advisor, Montréal International, (514) 987-9390, celine.clement@montrealinternational.com, www.montrealinternational.com

New Website Studies Montreal for Students 9/6/2007 A new web portal highlighting Montreal as an excellent location for international students has been launched by TP1 Communication electronique, a Montreal-based technology and communications company. Study in Montreal (www.studyinmontreal.info) is a reference tool providing this clientele with information about the many resources, activities and attractions that Montreal offers. The portal for international students includes original photography by Montreal photographer Benoit Aquin. "TP1 has distinguished itself through its approach to integrating all of the project's components: visual design, photo acquisition, technology, hosting, site maintenance and support. The team understood the objective of the portal right from the beginning and demonstrated rigour and creativity throughout its development," stated Isabelle Hudon, president and CEO of the Board of Trade of Metropolitan Montreal, one of the partner organizations in the project. "A site like the Study in Montreal portal containing literally thousands of hyperlinks cried out for a tool enabling a small team of users to manage it efficiently," declared Joseph Blauer, Vice-President of Technology at TP1. Drupal, the chosen tool, is an open source web content management system published under the GNU Public License. Its content management capability along with its modular architecture, place Drupal among the most multi-faceted and flexible web content management systems currently available. For Study in Montreal, it clearly demonstrated its superiority for the creation of one of a new generation of collaborative websites. For more about Drupal, visit www.tp1.ca/en/drupal. TP1 will continue to work with the Board of Trade of Metropolitan Montreal in 2007, notably to optimize external referencing. The portal is an initiative of the Conference regionale des elus de Montreal and is an integral component of the "Montreal, city of learning, knowledge, and innovation" project, in collaboration with the "Ouverture aux citoyens du monde" committee. This committee brings together Montreal's four major universities (McGill University, UQAM, Universite de Montreal and Concordia University), the Regroupement des colleges du Montreal metropolitain, the City of Montreal, the Federation etudiante universitaire du Quebec, the Forum jeunesse de l'ile de Montreal, Montreal International, and the Board of Trade of Metropolitan Montreal. The site is supported by the Forum jeunesse de l'ile de Montreal as a principal financial partner and the Ministere des Affaires municipales et des Regions as a financial partner. TP1 offers consulting services in communications and technology, combining the strategic, operational and technological requirements of business through the common thread of communications. We offer a range of services in electronic communications, including: Website development, communications consulting, application development and managed services.

Champlain College to open Montréal campus BURLINGTON — Champlain College announced that it is leasing property in Montréal to operate a study-abroad campus starting this fall. Students will be able to choose to spend a full academic semester in Montréal taking Champlain College courses. Champlain’s campus is believed to be the first U.S. campus in Montréal. Ten Champlain College courses will be offered there this fall — the same courses that are offered at its Burlington campus. Students will pay the same tuition and residence hall rates as they would in Vermont. Study-abroad applications for fall have been coming in and the college is now working with an architect to renovate the brownstone building on Rue Sherbrooke that will house Champlain’s academic center. The college has also contracted with L'Université du Québec à Montréal (UQAM) to offer student housing in a UQAM residence hall on Rue St. Urbain. This is a francophone university that offers Champlain students the opportunity to live with students from Québec and Canada, as well as a variety of other countries. “With our new campus in Montreal, Champlain students can make the most of the many international business, multicultural and learning opportunities that are available in that major metropolitan center,” said David F. Finney, college president. “The Montreal campus is another way for our students to internationalize their educational experience.” In addition to study-abroad programs at partner colleges in Europe and a host of international internship offerings, Champlain also operates a satellite campus in Mumbai, India. Courses offered in Montréal will include: Modern Canadian Social History, Creativity and Conceptual Development, Critical Thinking, Practical Game Design, Animating Characters in 3-D, Game Development Senior Team Project, Social Responsibility in Media, Conversational French, and a required Québec cultural immersion course. Nearly 30 students are expected to spend the fall 2007 semester in Montréal. In the future, students from other colleges will be able to apply to study at the Quebec campus. The Montréal campus is open to students in all academic programs. Students in Champlain’s electronic and multimedia and graphic design programs may be particularly attracted to the experience since Montréal is one of “gaming’s global hot spots,” according to WIRED Magazine. Québec is home to more than 50 electronic game-related companies and development studios, including Ubisoft, A2M and Electronic Arts. Students in Champlain’s business programs can study in a province that is among Vermont’s most important trading partners.

Qu'est-ce que le Plan d'urbanisme? Il s'agit du document de référence en matière d'aménagement du territoire de Montréal. Adopté par le conseil municipal le 23 novembre 2004, le règlement 04-047 révisant le plan d'urbanisme de la Ville de Montréal est en vigueur depuis le 10 décembre 2004. Il est le fruit d'une démarche de planification et de concertation amorcée au Sommet de Montréal de juin 2002. La mise en œuvre du Plan d'urbanisme de Montréal fait l'objet d'un bilan annuel. Le bilan 2005-2006 est maintenant disponible. Le site présente la version intégrale et à jour du Plan d'urbanisme. Toute modification au Plan est intégrée rapidement au site. Il permet également de consulter les analyses, les rapports d'études et les documents préparatoires réalisés dans le cadre de l'élaboration du Plan d'urbanisme. http://ville.montreal.qc.ca/portal/page?_pageid=2761,3096652&_dad=portal&_schema=PORTAL The Master Plan presents a planning and development vision for the City, as well as measures for implementing the goals and objectives resulting from that vision. The Master Plan was adopted by City Council on November 23 2004 and is available for download at this site. By-law 04-047 came into force on December 10, 2004. The Master Plan is the result of a planning and cooperative process initiated at the Montréal Summit in June 2002. The implementation progress of Montréal's Master Plan is the object of a report published annually. The 2005-2006 Master Plan Progress Report is now available. The analyses, studies and other preparatory documents used in developing the draft version of the Master Plan are also available at this site.