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Affichage des résultats pour les étiquettes 'street'.
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Le Groupe TMX ne tient pas à un organisme de réglementation unique
un sujet a posté mtlurb dans L'actualité
Au moins un des personnages-clés de Bay Street n'est pas un farouche défenseur d'un organisme pancanadien de réglementation des valeurs mobilières. Pour en lire plus... -
La Russie a subi hier l’une des pires corrections boursières de son histoire, provoquée à la fois par la chute des prix des matières premières, les soubresauts de Wall Street et des facteurs d’inquiétude propres au pays. Pour en lire plus...
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La banque britannique a annoncé qu'elle discutait avec la banque d'affaires américaine de l'éventuelle acquisition de certains de ses actifs, confirmant ainsi des informations du Wall Street Journal. Pour en lire plus...
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Tandis que le sauvetage de la banque Lehman Brothers semble de plus en plus improbable, des sources rapportent qu'un fonds d'urgence américain et étranger pourrait être créé pour lui venir en aide. Pour en lire plus...
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La Bourse de New York a terminé en nette hausse jeudi, dopée par la révision à la hausse de la croissance américaine et le déclin imprévu des prix du pétrole: le Dow Jones a gagné 1,85%. Pour en lire plus...
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La Bourse de New York a clôturé en nette baisse lundi, pâtissant des rumeurs de recapitalisation des deux organismes de refinancement hypothécaire en difficulté. Pour en lire plus...
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Wall Street repart à la baisse, plombée par AIG et Wal-Mart
un sujet a posté mtlurb dans L'actualité
Les lourdes pertes de l'assureur AIG et par les ventes décevantes du distributeur Wal-Mart ont fait plongé la bourse américaine: le Dow Jones a perdu 1,93% et le Nasdaq 0,95%. Pour en lire plus... -
Un groupe de réflexion associant les principales banques de Wall Street a lancé mercredi plusieurs pistes de réformes pour éviter une redite de la crise financière actuelle. Pour en lire plus...
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Montreal's tempest in a beer cup A summertime deal between Labatt and the city's Gay Village raises questions about private interests dominating public spaces From Tuesday's Globe and Mail August 5, 2008 at 3:57 AM EDT MONTREAL — Stéphanie Dagenais didn't mind the Bud Light parasols and cups she was forced to use on her restaurant patio in Montreal's Gay Village. It's when the brewery started telling her Bud Light had to go in those plastic cups that the manager of Kilo bristled. "I think it's an aggressive way of doing a sponsorship," said Ms. Dagenais, who was forced to sell the beer under an exclusive deal struck between Labatt, which brews the beer in Canada, and the Gay Village business improvement group. The business association sold the right to sell beer on 54 new patios along a stretch of Ste-Catherine Street to Labatt, part of a summer-long festival that will see cars banished from the street. Owners say the $100,000 deal came with minimum sales quotas for each bar and restaurant, including a healthy sample of Bud Light. Patrons at a bar on Ste-Catherine Street in Montreal drink Molson Export out of the Bud Light cups required through Labatt’s sponsorship of the area. (John Morstad for The Globe and Mail) The Globe and Mail The deal irks restaurateurs like Ms. Dagenais, who doesn't sell much beer at her small restaurant, best known for tasty desserts, and others who try to tempt palates with fine dining, wine and specialty ales. A representative of the business group even suggested Bud Light is a popular beer among gays in the United States. While the banishment of cars from the street has been good for many businesses and great for pedestrians, the sponsorship is triggering a broader tempest in a beer cup over how much control private enterprises should have over public space. "I guess everything has a price," said Ms. Dagenais, who has several cases of Bud Light collecting dust. "But should it be that way? I don't think so, but it seems to be the way we work in North America." Christopher DeWolf, a writer for Spacing Montreal, an urban affairs website affiliated with the Toronto magazine Spacing, questions how corporate interests were allowed to take over a public street. "The closure to cars has created a destination, it creates an ambience that is impossible with cars," Mr. DeWolf said. "But here you have a product foisted on merchants and their customers. It raises the question of how far we should allow private interests to have such control over our public spaces. I think it's a burden on merchants and it restricts public choice." Bernard Plante, director of the Gay Village business association, said the deal is no different than exclusive beer rights negotiated at other city venues. He pointed to the privately owned Bell Centre where only Molson beer is sold. Mr. Plante brushed aside complaints about the use of public space, saying his business group is provincially legislated and democratically run. "These are the decisions we made on behalf of businesses on the street," Mr. Plante said. Merchants could shed the restraints of sponsorship when the deal runs out after the summer of 2009, he added. But they will have to agree to pay for the street closing, including the cost of street decor and rent to the city for having patios on public streets and sidewalks. Across North America, summer festivals run by private entities take over parks and streets, often with exclusive rights to allow access and to sell products. Many of the examples are more intrusive than the Montreal beer sponsorship. In one infamous example in the United States, Washington's National Mall was fenced off for a Pepsi product launch and concert - a 2003 scene described by the Project for Public Spaces as "singularly shocking for its sheer scope and audacity." Steve Davies, a vice-president of the New York-based group that encourages sensible integration of private business in public spaces, says sponsors get in trouble when they start constraining normal commercial activity. "It goes too far when they use a sponsorship to start telling dozens of private businesses what to do on public land over an entire summer," Mr. Davies said. In Montreal, big chunks of major downtown streets are regularly closed to traffic for short periods for everything from the Jazz Festival to Just for Laughs. The Gay Village pedestrian mall will last 2½ months. Mr. DeWolf said Montreal has one big thing right: The city usually emphasizes free public access, even if access to products like food and drink are often restricted. Labatt officials could not be reached yesterday. But Jean-Luc Raymond, owner of La Planète, which specializes in international cuisine, says he's noticed a little more flexibility from his brewery representative since the controversy broke out. Mr. Raymond has managed to get a little more of the fashionable Stella Artois and a little less Bud Light. "The Bud Light is still languishing," he said, "but I'm not like some others who have to try to sell Bud Light and cheesecake."
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Toronto : The downside of up TENILLE BONOGUORE Globe and mail Old Toronto is booming, thanks to a flood of new condo dwellers. So why are prime retail strips awash in 'for lease' signs? Tenille Bonoguore recently counted 54 empty storefronts on one stretch of Queen alone. With rents soaring, is it only cashed-up chains that can survive? The garlands were up, the Christmas songs were playing, but inside the Danforth Avenue store Paper and Presents, the mood was anything but merry. It was December, 2007, and instead of spreading good cheer, customers were hurling abuse about cross-border price discrepancies. Store owner Grace Wong was facing her second year without drawing a paycheque, and she was fed up with skyrocketing business costs. After 15 years as an independent retailer, she finally realized that it was time to go. "The Danforth has really changed. It's not as vibrant," Ms. Wong said this week from the store that will close this summer. "Stores are flipping, and nobody wants to take a chance. I wouldn't choose a place where stores keep flipping over. ... That's not a good sign." Like many tenant retailers, Ms. Wong pays both rent and part of the property taxes. The combination had reached $5,500 a month for her 800-square-foot storefront, a hike of 40 per cent in five years. Meanwhile, insurance had risen to $1,800 a year, up 50 per cent in 10 years, and other costs were soaring. She was caught in the unprecedented blaze of interest in downtown retailing that is reshaping Toronto's shopping strips, and threatens to turn the city into a whitewash of chain stores. Ms. Wong's is one of seven stores that have closed, or are preparing to close, this year in the Danforth Business Improvement Area. Thirty shut up shop last year, 10 of which had been open for less than two years. The empty storefronts don't reflect a lack of demand - just the opposite. Demand for downtown retail on hot strips like Queen Street, Bloor Street, Yonge at Dundas, and now Yonge at College, has driven up rents, speeding up turnover and forcing out the independent shops that made the strips vibrant in the first place. "A lot of landlords are making the rent so high because they're hoping for a Starbucks or a major chain to come in. They're waiting for the big guys," said Ms. Wong, who is opening an online Japanese paper store. Or storefronts turn into what Charlie Huisken, of This Ain't the Rosedale Library, calls "retail hotels" - a building that hosts a continuing rotation of short-lived ventures. "I don't know if that's a problem of [the retailers] lacking capital, or whether it's because the rents are too high. It might be a combination of the two. They pop up and just disappear," said Mr. Huisken, who recently moved his bookstore from Church and Wellesley to Kensington Market, partly because of escalating rent. Mr. Huisken believes that independent business can survive in the city centre only if retailers are given a mandatory option to buy property. Others wonder if the independents can survive at all. BIG BOX, BRAND OR BUST All of the factors that appear to help business - an influx of residents, increasing demand for downtown property - are sending independents running for shelter. John Crombie, senior managing director and national retail director for Cushman & Wakefield LePage, said he has never seen such demand for downtown retail space. Yorkville now commands rents of $300 per square foot, making it the third-priciest retail space in North America. Storefronts at Queen West and Spadina now cost $125 to $150 a square foot, and a ripple effect is washing across the city. The hot residential market of the past few years has had an impact too: Mushrooming condo developments seem poised to produce ready-made customer bases, which landlords can use as a basis for rent hikes. The condos can increase competition too, because of the retail spaces included in such developments. Meanwhile, Toronto businesses are paying some of the highest property-tax rates in North America, and subsidizing relatively lightly taxed residents. The City of Toronto has pledged to even that out over the next 15 years by shifting more of the tax burden from businesses to homeowners. But that could prove little comfort when new property valuations are issued this fall for the 2009 tax year, says the Canadian Federation of Independent Business's Ontario vice-president, Judith Andrew. "If there are really trendy spots that are seeing values go way up ... their share of the total assessment pie goes up and their share of the tax bill goes up too. That's bad news for retailers, even if they're renting," Ms. Andrew said. As independents are being priced out of hot neighbourhoods, cashed-up chains and luxury or trendy brands are moving in, Mr. Crombie said. "There's no question that there's a [residential] filling-in, and they're saying it's more of an affluent consumer coming down," he said. That's an irresistible prospect for big-brand players Queen Street West is a perfect example of the cycle. The city's best-known shopping strip is full of chains, such as Gap, H&M, Zara, Billabong and HMV, that use cheaper, globally homogeneous product to nab the city's disposable income. Brand flagships are getting in on the action too, with Mexx opening its own storefront and Crocs about to do the same. As they move in, the displaced stores seek cheaper locations. Historically, that has meant moving farther west. Now, Queen Street is threatening to run out of western succour. Just look to Parkdale's speedy transformation from blighted hovel to boho-chic haven. "I think there's a frustration for the smaller ma-and-pa regional players, but what can you do? It's really only following consumer behaviour," Mr. Crombie said. "... I've never seen such an interest in downtown street properties." At the start of last year, the Greater Toronto Area had almost 185 million square feet of retail real estate, more than two-thirds of which was in shopping centres and big-box stores. Until now, suburban malls held the most appeal to retailers. But that changed for Toronto in 2007, according to Cushman & Wakefield LePage's annual report. Vacancies on retail strips dipped to 8.4 per cent in 2007, down from 8.5 per cent the previous year and 9.7 per cent five years previous. Meanwhile, vacancies in shopping centres rose to 7.4 per cent, up from 6.7 per cent in 2006. Danforth BIA president Glyn Laverick said it's essential that small businesses be given a helping hand if they are to survive. "There's not an awful lot of support from an institutional or governmental level for small business. There's really not a plethora of grants available if you're not opening a manufacturing company," Mr. Laverick said. One hopeful note is that there are still plenty of people bellying up for the challenge. While the Danforth BIA has lost 37 businesses since January, 2007, 29 others have opened up. NICHE IS THE WORD Studio Brillantine owner Ferdinand Suzara spent last Christmas doing a bit of shopping of his own. Eleven years after establishing the retail beachhead on West Queen West, the design boutique owner was on the hunt for a new 'hood. Not that there was anything wrong with his spot just west of Ossington: He had hoped to buy the building from his landlord, as they had discussed, but his landlord was in no rush to sell. And who could blame him? That part of town will soon welcome hundreds of new residents as part of the City of Toronto's Queen West Triangle densification plan. Mr. Suzara started looking elsewhere, snapping up a more affordable building in Parkdale instead. Studio Brillantine and its inventory of leading-edge design products had opened long before Ossington's hipster influx. So the posters announcing the move shocked the neighbourhood. "Our whole block is up for sale. It's just in the air for this block," Mr. Suzara said as he started preparing for the August move. The south-Roncesvalles area his store is moving to still holds the edgy appeal of Queen West's earlier days, he said, but the clock is ticking. By his reckoning, the chain stores will start arriving in five or 10 years. As the cycle gains speed, independents scramble to seek out the last shrinking oases of affordability. The Danforth's Carrot Common is one such hub. Roncesvalles Avenue where it meets Queen West is quickly becoming another. Shannon Doyle moved her gourmet nook The Mercantile to "Roncy" in May, despite having a legion of loyal customers on College Street. But the rental of her tiny College storefront was about to jump 45 per cent, by her calculations (a figure with which her landlord disagrees), and there was no way she could keep up. Plus, the College strip she had entered in 1999 had disappeared in a slew of bars. It was time to go. "You're really watching businesses move or close," said the diminutive Ms. Doyle, now happily serving her new regulars. " ... They're just flipping every year. You want to say to a landlord, 'Why not just have a good tenant and work with them?' "It has to stop eventually, or everything's a Gap." Space: the final frontier Source: Cushman & Wakefield LePage Toronto Retail Strips: Average Overall Vacancy 2002 - 9.7% 2006 - 8.5% 2007- 8.4% Retail Strip Examples: Vacancy Over 5 Years Yorkville 2002 - 10% 2007 - 7.7% Chinatown 2002 - 8.6% 2007 - 8.2% Pape & Danforth 2002 - 15% 2007 - 9% Yonge & Wellesley 2002 - 8.3% 2007 - 9.1% Dundas & Dufferin 2002 - 13.7% 2007 - 12.9% Source: Cushman and Wakefield LePage
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La Bourse de New York a fini en baisse lundi: le Dow Jones a perdu 0,37% et le Nasdaq 1,10%. Pour en lire plus...
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C'est ce qu'affirme le Wall Street Journal en ligne mercredi, citant des sources proches du dossier. GM emploie quelque 32 000 cols blancs aux États-Unis. Pour en lire plus...
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Et pas seulement au pétrole mais également aux consommateurs. La confiance de ceux-ci s'est légèrement reprise en juillet. Pour en lire plus...
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La Bourse de New York a fini en forte baisse lundi, plombée une nouvelle fois par le secteur financier après un rapport inquiétant du Fonds monétaire international. Pour en lire plus...
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Les employés des hôtels Quality Street, à Pointe-Claire, et Holliday Inn, à Longueuil, se sont mis en grève ce matin. Pour en lire plus...
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La Bourse de New York a été en forte hausse mercredi, réconfortée sur ses deux principales préoccupations, le prix du pétrole et la santé du secteur financier. Pour en lire plus...
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Calgary's homeless population balloons As thousands of migrants have poured into Calgary, housing costs spiralled out of the range for many of those at the lower end of the income spectrum.Dean Bicknell/Canwest News ServiceAs thousands of migrants have poured into Calgary, housing costs spiralled out of the range for many of those at the lower end of the income spectrum. Canwest News Service Published: Wednesday, July 16, 2008 CALGARY -- Calgary's homeless population has reached more than 4,000 - an increase of 18.2% since 2006, according to this year's homeless count. As of May 14, there were 4,060 homeless people in Calgary. Officials cannot explain it but the rate of homeless families jumped dramatically to 197 from 145 in 2006 -- an increase of 36%. Calgary in many ways has been a victim of its own success. As thousands of migrants poured into the city over the past number of years, housing costs spiralled out of the range for many of those at the lower end of the income spectrum. Alberta does not have any traditional rent controls. The average rent for a two-bedroom unit in Calgary is now $1,100. Many of Calgary's homeless are employed - as many as 60% staying at the downtown Mustard Seed Street Ministry, said operations manager Floyd Perras. Mike Nault, 40, who hails from Winnipeg, said he has been living on Calgary's streets with his girlfriend, Debbie Reid, for eight months. "The stress level of being on the street is just phenomenal," said Mr. Nault, who regularly works temporary construction jobs. Ms. Reid said she drinks up to two dozen beers a day because it is "depressing" being homeless. "You turn to self-medication." Civic and business leaders have come up with a 10-year plan to end homelessness. The province has followed up with tens of millions of dollars more for affordable housing and the creation of a Secretariat for Action on Homelessness. http://www.nationalpost.com/news/story.html?id=659002
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Le Dow Jones Industrial Average (DJIA) a reculé de 92,65 points, à 10962,54 points. Il n'avait pas clôturé sous les 11 000 points depuis juillet 2006. Pour en lire plus...
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C'est donc dire que l'action de la société va quitter la Bourse de croissance et intégrer le TSX, l'indice vedette de la Bay Street. Pour en lire plus...
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Le marché réagit au plongeon -plus de 40% en cours de séance- des géants américains du refinancement hypothécaire Fannie Mae et Freddie Mac et à la poussée des cours du pétrole. Pour en lire plus...
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Tandis que Wall Street entre dans sa première phase de marché baissier en six ans, à Toronto, l'indice TSX commence également à se replier, en raison de la chute des prix du pétrole et du gaz naturel. Pour en lire plus...
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La Bourse de New York a clôturé en forte baisse mercredi, sur un renouveau des craintes sur les résultats trimestriels des sociétés américaines, après des commentaires négatifs sur Cisco. Pour en lire plus...
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Net recul pour la Bourse de Toronto, une baisse de plus de 400 points. Pour en lire plus...
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La Réserve fédérale a soutenu un plan de sauvetage de Bear Stearns et a fourni des prêts d'urgence à de grandes firmes de Wall Street. Pour en lire plus...
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La Bourse de New York a terminé en forte baisse jeudi, plombée par une pluie de mauvaises nouvelles: le Dow Jones a perdu 3,01%, et le Nasdaq 3,33%. Pour en lire plus...
