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this week 4 years ago: champagne de sensibilisation et re-lancement d'une app a l'appui... - rue de la Cathédrale 13 mars 2012, aujourd'hui rénovée.

Greece | Oil | Keystone XL | RRSPs | BoC | Apple | Target | Bombardier How the falling loonie and low rates could lure more foreign investors to Canadian housing Republish Reprint Garry Marr | February 26, 2015 | Last Updated: Feb 26 7:12 PM ET More from Garry Marr | @DustyWallet Twitter Google+ LinkedIn Email Typo? More Jason Payne/Postmedia News, file Jason Payne/Postmedia News, fileLennon Sweeting, a Toronto-based dealer with US Forex which trades in currencies, says the loonie is making housing more attractive to foreign buyers. Canada’s two priciest housing markets may not need the boost, but Toronto and Vancouver could be on the verge of a spike in foreign investment. Toronto's rental market reborn as housing prices surge out of reach for many ‘There’s a huge demand for rental… We are seeing for the first time in 40 years people are starting to build rental,’ says managing director of Timbercreek Asset Management With the loonie falling about 10% against the U.S. dollar in the last six months, foreigners who have their money parked in greenbacks or in currencies pegged to the American dollar are likely to ramp up their interest in the Canadian marketplace, say industry experts. Alberta, which is now facing a crunch of new listings and weak demand, is unlikely to see any benefit as investors run away from the province over oil price fears. “The reputation of the oilpatch here has been tarnished a bit,” says Dan Scarrow, the Shanghai-based managing director of Canadian Real Estate Investment Centre, which was set up just two months ago, and is run by Vancouver-based Macdonald Real Estate Group. He says the opposite is true in Vancouver and Toronto, where prices in January were up 7.5% and 6.1% respectively from a year ago, according to the Canadian Real Estate Association. “With the Chinese economy slowing down a bit and with the Canadian dollar depreciating 20% versus the RMB, it might change the calculus of some people of how much they want to leave in China and how much they want to bring to Canada.” To [foreign investors], the Canadian market has gone on sale Mr. Scarrow’s firm caused a stir last year with data it produced from its client base that showed 33.5% of all single-family homes sales in the Vancouver area could be traced to buyers from mainland China. Foreign buyers and their position in the marketplace have been a concern for some market watchers, who fear these investors are inflating housing prices. But there hasn’t been definitive data. Even the chief executive of Canada Mortgage and Housing Corp., Evan Siddall, conceded there were data gaps. The Crown corporation finally produced data two months ago on the condominium market that showed as much as 2.4% of Toronto highrises were in foreign hands and 2.3% in Vancouver, with some people still disputing those findings. Mr. Scarrow says in terms of Chinese investors they are divided between people still living overseas and people already living in Canada but with money still parked in RMBs. With Chinese New Year over, he expects investment to pick up. Related Foreign buyers taking over — this time it's Canadians in Florida IMF says housing in Canada overvalued by as much as 20% “Decisions have been held off until this week,” he says. “There is a lag for these things in terms of stats and what we see on the ground.” Brian Johnston, chief operating officer of Toronto-based Mattamy Homes, has never been a believer of the idea that foreign investment was a huge factor in Canadian housing, but he says when you get can a 10% to 20% currency swing it has to be positive. “To [foreign investors], the Canadian market has gone on sale,” said Mr. Johnston, noting his company also develops property in the United States it tries to sell to Canadians. “The reverse is true for them. The price of U.S. real estate just went up by 10%.” Lennon Sweeting, a Toront0-based dealer with US Forex which trades in currencies, says the loonie is making housing more attractive to foreign buyers. “The Bank of Canada has tried to offset lower prices with a weaker currency making investing in Canada more attractive,” said Mr. Sweeting, adding most high net worth investors are likely holding U.S. dollars right now. “Absolutely it makes it easier to buy [Canadian real estate]. If you’re holding U.S. dollars you are looking at buying at a discount and there’s plenty of supply.” Low interest rates have also boosted demand, even though foreign investors tend to have to put up larger down payments when borrowing to buy property. Shaun Hildebrand, senior vice-president at condo research firm Urbanation Inc., noted new condo sales in the Greater Toronto Area in 2014 rose over 50% from a year ago but it’s hard to pinpoint how much is attributable to foreign investors. “I wouldn’t be surprised at all to see more foreign investment in 2015,” said Mr. Hildebrand, adding surveys of Urbanation clients peg the foreign component of Toronto’s condo market at just under 5%. sent via Tapatalk

Via The Boston Globe : Montreal’s Little Burgundy, Mile Ex are getting hip artfully By Christopher Muther | GLOBE STAFF OCTOBER 18, 2014 CHRISTOPHER MUTHER/GLOBE STAFF Canned vegetables were seen at Dinnette Triple Crown. Life was taking place behind glowing windows on this preternaturally balmy October night. On a walk in Montreal’s Little Burgundy neighborhood, the streets were quiet but inside restaurants were buzzing and the city’s jeunesse dorée were shoulder-to-stylish-shoulder at gallery openings. If it sounds like I’m romanticizing the scene, I am. I had struck travel pay dirt: a hot new neighborhood laid at my feet, and I had a night to aimlessly explore this turf called Little Burgundy. In my usual know-it-all fashion, I thought I had thoroughly chewed and digested the hot neighborhoods of Montreal years ago. As usual, I was wrong. I knew that the Mile End neighborhood was chockablock with the cool kids (genus Hipster). I was also aware that Old Montreal, the part of the city that was once jammed with tatty gift shops, is now very chic and grown-up. Not so long ago I came to Old Montreal with the intention of writing a story about how Old Montreal is the new Montreal. I was too lazy to write the story — please don’t tell my editor — but my theory was correct. The area is now known for its celebrity chef restaurants and art galleries. Which brings us back to this balmy October night in Little Burgundy. Until a few weeks ago, I thought Little Burgundy was an inexpensive red wine. Nope. It was once a working class neighborhood that has blossomed into a hamlet dotted with incredible restaurants and boutiques. For the sake of ease, I’m going to group Little Burgundy with the Saint-Henri and Griffintown neighborhoods. All are in the southwest part of the city and have a rough-around-the-edges, blue-collar history. The neighborhood volte-face began with the cleanup of the Lachine Canal. Artists scrambled for inexpensive studio space. This inevitably brought in the beginnings of gentrification and a rush of 20- and 30-somethings on the hunt for affordable housing. The scene is anchored by Atwater Market in Saint-Henri. Atwater, a mega farmer's market, is housed in a beautiful Art Deco tower. Set aside an hour or two to wander the aisles and check out the produce, much of it from farms around Quebec. I passed rows of passionate red raspberries and strawberries, but opted for locally made chocolates. We all know a man needs a little sugar to keep up his strength. When I began my Little Burgundy evening excursion, I started with restaurants from the pioneering chefs who rode covered wagons into this new frontier and set up shop. Joe Beef opened in 2005 and received a considerable boost when celebrity chef Anthony Bourdain dropped in. The English pub Burgundy Lion sits across the street. It’s part sports bar and part restaurant. I stayed long enough for a drink, but failed miserably when it came to discussing sports. I wanted to chat about the prosecco-scented soap I purchased earlier in the day at a boutique called Beige. The gent on the bar stool next to me wanted to talk about Canadian football. “Who do you think is going to take it?” he asked. “The Alouettes or the Redblacks?” The Alouettes sounded like an effete, all-male a cappella act, so I said the Redblacks. Naturally the Alouettes won. I needed a place where I felt slightly more comfortable discussing my prosecco-scented soap. The trouble was choosing. I passed Tuck Shop, Bitoque, Evvo, and the Drinkerie. All looked pretty wonderful. I stopped in at Code Ambiance, but felt woefully underdressed — and blasted my slovenly American ways! I walked a few doors down to a steak house called Grinder. Like a latter-day Goldilocks, I declared, “This one is just right!” I settled at the bar to start on an amazing meal. Not long after, an animated couple appeared at my side, eager to talk. I love talking to new people, particularly locals, when I’m on the road. But this conversation was making me nervous. It starting getting a bit salty for my liking (I’m not talking about the food), peppered with questions that left me blushing. One of the few French phrases I know, ménage à trois, felt like it was about to be introduced into the conversation. I came up with a hasty excuse to leave, paid the check, and rushed back to my hotel. I guess prosecco-scented soap is a bit of an aphrodisiac. You’ve been warned, people. Sufficiently frightened to go back to Little Burgundy, I met up with my friends Alexis and Julien at a Russian-themed cocktail bar called Kabinet (it’s connected to another Russian-themed bar called Datcha) the next night in Mile End. The conversation focused on Mile Ex, another of Montreal’s hottest new neighborhoods. Like Little Burgundy, I had never heard of Mile Ex. But Julien and Alexis said this once rough-hewn ’hood, which is less than a square mile squeezed between Little Italy and a highway, is also going through a resurgence. More condominiums are going in, and more restaurants are following suit. After cocktails and bowling at the charmingly divey Notre-Dame-des-Quilles (known as NDQ by locals), I drafted a Mile Ex plan for the next day. Mile Ex is very easy to walk (or bike), so I started exploring by going to Marché Jean-Talon on the edge of Little Italy and Mile Ex. Like Atwater Market, the place is mammoth and filled with incredible produce. Again, I skipped anything remotely healthy and jumped to the poutine booth. Bubu Restaurant Gringer One of the first restaurants to open in Mile Ex was Dinette Triple Crown, which didn’t arrive intending to be a forebear of great things to come; the owners say it was pure coincidence and good timing. It’s an unpretentious place where you can order Southern comfort food. Contrast that with Mile Ex’s latest eatery, le Ballpark, which specializes in meatballs. Yes, meatballs. For such a tiny area, there are some fantastic places here. My favorite (not that you asked) was Manitoba, which also opened this summer. “We wanted a taste of the forest in our plates, a taste of nature in our glasses,” reads the restaurant’s website. Much of the food was local and the look of the space was chic and rustic. Braver souls can sample deer heart and veal tongue. I played it safe with duck. I encountered more friendly Montrealers at Manitoba — thank you again prosecco-scented soap — who invited me to a very illegal party at an abandoned warehouse. Generally when I hear the words “illegal” and “party,” I don’t hesitate. It was one of those glorious nights where DJs ironically played music from 1990 to 2000 while revelers danced in a crumbling space that looked like a set from “The Walking Dead.” If you’ve never experienced Technotronic’s “Pump Up the Jam” in an abandoned Canadian warehouse, you don’t know what you’re missing. Even as I write these words I’m feeling guilty. I want to tell people about Little Burgundy and Mile Ex, but I don’t want to ruin these places by turning them into tourist destinations. I want to greedily keep them to myself. If the masses begin descending, will there be enough meatballs left for me at le Ballpark, poutine at Marche Jean Talon, warehouse dance parties, and swingers on the prowl at Grinder? OK, I’ll make a deal: You take the swingers, I’ll keep the poutine. PATRICK GARVIN/ GLOBE STAFF Christopher Muther can be reached at christopher.muther@globe.com.

Read More There are currently no phones on the market that use the 700 MHz band. It will be interesting to see if Videotron puts together an agreement with a US mobile provider to reduce roaming fees, just like WIND did for an extra $15/month* unlimited roaming in the US. If Videotron does come out with an interesting plan to compete against Rogers/Fido, Telus and Bell. I might as well switch. It would be nice if Videotron would have a plan that would match WIND or Mobilicity. Another thing that I suspected years ago, Videotron would buy WIND and Mobilicity to also increase their footprint (it might still happen but who knows). * $65/month - Unlimited calls within Canada/US, Unlimited Data within Canada/US, Unlimited SMS within Canada/US + Voicemail / Caller ID Videotron has a similar plan but you can't roam in the US/Canada but it is $72/month with 6GB of data. I did find something online talking about the 700 MHz upper and lower band.

https://www.facebook.com/centrevillemontreal Ville-Marie, Montréal (centre-ville) 16 minutes ago L'arrondissement de Ville-Marie recherche présentement un photographe étudiant pour l'été. Vous avez la tête de l'emploi? Postulez en ligne : http://bit.ly/10HX0a9

Only ten years ago, but still interesting. Mostly commercial changes on Ste-Catherine, but also construction of the Demetrius, Cinema Parisien, St-James United Church restoration, and a few others!

Read more: http://www.montrealgazette.com/Brace+yourself+Change+comes+Wilensky/4525382/story.html#ixzz1I7i2MRCH This is one place I have yet to try

Un article intéressant sur portfolio.com que j'ai trouvé sur skyscraperpage.com. Selon cet article et selon les revenus personnels disponible (API), Montréal serait, avec Riverside, les deux seuls villes capables de faire vivre une nouvelle équipe de Baseball... Et Montréal se classerait 3ème en Amérique du Nord pour attirer une franchise de la NFL ... Extrait de l'article Just two markets currently outside of MLB have income bases sufficiently large to join its ranks: Riverside-San Bernardino, California, and Montreal. And the latter is tainted because it lost a baseball franchise, the Expos, to Washington five years ago (the Expos were renamed the Nationals). La charte pour tous les sports http://www.portfolio.com/resources/SportsChart.pdf L'article: http://www.portfolio.com/industry-news/sports/2009/12/04/how-cities-rank-for-potential-sports-expansion/index1.html

Read more: http://www.montrealgazette.com/life/Montreal+school+pizza/4423732/story.html#ixzz1GSJTeJ7g There is also a video with the link

Read more: http://sports.nationalpost.com/2010/09/10/with-leafs-its-never-too-early-to-brainwash/#ixzz0zBLVTio4

I searched MTLURB for any news regarding Ferme Angrignon, but couldn't turn anything up. My apologies if this has been posted elsewhere. I know Ferme Angrignon was shut down in 2008, ostensibly to bring it back up to code, to be reopened in 2010... but while this information was all over the place two years ago, all mentions of Ferme Angrignon's re-opening have been removed on all the official Montreal sites I have checked. The VdeM site unhelpfully states "La Ferme Angrignon est fermée." Has anyone heard any news?

Are there any authentic German pubs or eateries in Montreal? I'm aware that there was the Vieux-Munich which closed quite a while ago. Not sure if there is anywhere else? I know there was a German place on Sherbrooke in NDG called Bratwurst that was pretty good. I used to like their sauerkraut in particular. It has since become a Middle-Eastern establishment. Danke sehr!

Office vacancy rates to go even higher: report Financial Post Published: Wednesday, August 05, 2009 Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and five million for Toronto). Sean DeCory/National Post Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and ... OTTAWA -- Vacancies in Canada's office market have surged to 8.5% and will climb toward levels not seen since the dot-com bust earlier this decade before finally levelling out, commercial broker Avison Young said in a report Wednesday. "The vacancy rate will definitely be trending up in the coming quarters," said Bill Argeropoulos, director of research at Avison Young. "We're not sure if it will breach the recent high of 11.5% in 2003, but we do see the vacancy perhaps breaching the 10% barrier in the coming quarters and perhaps into 2010, largely because of new supply coming into the market." Furthermore, said Avison Young chief executive Mark Rose: "The global financial crisis has had a significant impact on market psychology, creating inertia and paralyzing decision-making. Recovery . . . will occur only when corporate profits return, unemployment rates drop and decision-makers believe were are trending upwards." In the past 12 months, vacancies have climbed more than two percentage points from the 6.1% rate of mid-year in 2008, and Mr. Argeropoulos said it will likely be the end of 2011 before national rates begin to level off. Mississauga holds the distinction of having the highest office vacancy rate in the country at 10.8%. Toronto experienced the highest annual change among eastern cities, climbing from 6.6% to 9.6% in the past 12 months, a three-year high. Calgary, meanwhile, underwent the highest change in vacancy rates among western cities, soaring from 3.6% in mid-2008 to 9.3% by mid-2009. Neither Calgary nor Toronto can expect any immediate relief as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and five million for Toronto). Both will definitely surpass the 10% vacancy rate in the months ahead, Mr. Argeropoulos said. Calgary also saw the largest plunge in rental rates, with downtown Class A space collapsing to $30 per square foot from $46. This is still the most expensive in the country, however, along with Edmonton, where prices are also at $30. Nationally, lease rates for downtown Class A space fell to $22 per square foot in mid-2009 from $25 the year before. Prices ranged from a low of $13 in Quebec City to Calgary and Edmonton's $30. Avison's mid-year office survey tallies results for 12 regions across the country. Canwest News Service ____________________________________________________________________________________________ Unused office space up 75% in Q2: report Garry Marr, Financial Post Published: Tuesday, June 23, 2009 The amount of unused office space business put on the sublease market grew by almost 75% last quarter from a year ago, a further indication of the crumbling economy. CB Richard Ellis Ltd. said more than 7.7 million square feet of office space came back into the market across the country, an increase from the more than 4.4 million that hit the market in the same quarter a year ago. The sheer size of the increasing sublease market drove the national vacancy rate to 8.3% from 6.4% a year ago. "The deepening recession has prompted businesses across the country to continue to identify ways to trim overhead and pare back their need for phantom space," said John O'Bryan, vice-chairman of CB Richard Ellis. "The trend of doing with less right now is especially evident in Canada's major office markets. However, it is important to note that the commercial real estate market typically lags behind the residential market by a few months, so we are simply now experiencing the slowdown that other markets went through in the last quarter." Mr. O'Bryan said the Canadian market continues to fare better than United States markets where vacancy rates reached 15.9% at the end of the first quarter. Canadian vacancy rates were only 7.5% at the end of the first. "If we were in the U. S. right now looking at a national occupancy rate of 91.7%, there would be a widespread sense of optimism regarding the health of the country's commercial market." But there are clear signs across the country that the office market has been hit hard by the economy with vacancies rising everywhere. In Vancouver, the beaten-down technology and resource sectors helped drive sublet activity. The effect was to push the vacancy rate from 5.6% to 7.8%. The once-airtight Calgary office market has sprung a leak as lower oil prices have led many of Alberta's junior oil and gas companies to cut their space. In the second quarter, Calgary's vacancy rate rose to 10.2% from 4.6% a year ago. CB Richard Ellis says it will rise to 20% by the end of 2009. Vacancies in Toronto, the largest office market in the country, rose to 8.4% in the second quarter, up from 6.7% a year ago. CB Richard Ellis expects rates to continue to rise in 2009 and 2010. In Montreal, softness in the commercial market drove vacancy rates up from 8.5% to 9.7%, on a year-over-year basis. The real estate company said cost-containment measures by large tenants have impacted the market. Backed by the federal government, Ottawa is proving to have the best office market in the country. The overall vacancy rate grew to 5.1%, only a slight jump from the 4.9% a year ago. Ottawa's suburban offices, which are more dependent on the private sector, were hit harder than the government-dominated downtown core. gmarr@nationalpost.com Here's the complete report : http://www.avisonyoung.com/library/pdf/National/MidYear09-National-Office.pdf

(Courtesy of CBC News) If you had one of the most secure facilities in Canada, how the hell do you let this happen?

High tech US firms outsource to Montreal Tue, 2008-11-11 06:03. David Cohen An IT recruitment agency in Montreal says there has been a spike in the number of American companies crossing the border into Canada -- especially Montreal -- to do their software development and to save money. Kovasys Technology cites the unstable economy in the US, and massive layoffs. It says more and more companies are deciding to save money and move their IT operations to a cheaper but not out of the way location, and for many, that means Montreal. Quebec introduced subsidies for high tech companies less than a year ago.

Resale housing market drops 2% in Montreal The Gazette; Reuters Published: 4 hours ago Montreal's resale housing market declined two per cent in 2008, the Greater Montreal Real Estate Board said yesterday. For the first nine months of the year, 8,463 properties changed hands in the Montreal region. Property listings increased 12 per cent compared with the same period a year ago. The average selling price increase was five per cent this past quarter, vs. four per cent in the second quarter and six per cent in the first quarter. "Despite the rise in listings observed over the last two quarters, the high demand is such that the resale market remains favourable to sellers," Michel Beausejour, the board's CEO, said

Liberals refuse to confirm report Ontario to run near $1-billion deficit Wed, 2008-10-22 13:04. By: THE CANADIAN PRESS TORONTO - The Ontario government refused to confirm Wednesday in advance of handing down its fall economic update that the province will run a deficit of almost $1 billion this year because of the world financial crisis. For the past two weeks, Premier Dalton McGuinty has signalled he is prepared to run a deficit because of declining government revenues. In the legislature, Opposition Leader Bob Runciman wanted to know how Ontario went from a balanced budget four weeks ago to what he said was an expected deficit of $1 billion. "Less than a month ago, (Finance Minister Dwight Duncan) said the budget would be balanced, even with a downturn in the U.S. economy," Runciman said. "Premier, how is it that just four short weeks ago the budget was balanced, but today there's going to be a deficit of almost $1 billion?" McGuinty told the house he didn't know where Runciman was getting his numbers. People would have to wait until the finance minister delivers the fall economic update later Wednesday to see what red ink exists, McGuinty said. "We're in a pretty good position now to withstand these powerful winds that are blowing out there," he said. But, McGuinty added, the government also has to find a way to "make advances on the poverty front, to act in a way that is fiscally responsible, to protect health care and to protect education." On Monday, McGuinty said he told Duncan not to run a deficit unless not doing so would mean cutting back on public services. He also vowed that Ontario would not close hospitals or cancel infrastructure programs after more than 200,000 people lost their jobs. On Tuesday, he warned schools, cities and hospitals that funding projections would have to be scaled back during challenging times that may last as long as two years. Government officials will say only that Duncan's statement will outline which new government programs will have to be delayed because of falling revenues. Anti-poverty activists are worried that will mean the government will fail to keep its promise to help the poorest of the poor improve their living standards.

Laurentian thrives in trying times PETER HADEKEL, Freelance Published: 7 hours ago In the midst of the worst banking crisis in decades, small, regional-based Laurentian Bank is beating the pants off its much larger rivals. Earnings are up more than 30 per cent so far this year, and Laurentian stock has risen 37 per cent since January. That compares with a 14-per- cent decline for Bank of Montreal shares, a one-per-cent drop at Royal Bank and a 21-per-cent fall at CIBC. The TMX financials index is down nine per cent over the same period. Laurentian has plenty of cash and its capital ratio is among the best in the industry, Réjean Robitaille says. So much for the talk that a small financial institution could not survive in an age of behemoths. Laurentian, the country's seventh-largest bank, had only a tiny exposure to the asset-backed commercial paper market that collapsed in Canada and no exposure to the U.S. mortgage market. It's one of the few feel-good stories in the current financial mayhem. In contrast, big mortgage lenders and an investment bank in the U.S. have gone down, and huge writeoffs have been taken at most of the big banks in Canada. "It's bad," Laurentian CEO Réjean Robitaille said yesterday when I asked him about the troubles hitting the financial system. This week, the U.S. nationalized mortgage lenders Fannie Mae and Freddie Mac, while investment bank Lehman Brothers teetered on the brink. But investors shouldn't lump all financial institutions together, he says. In this case, small really is beautiful. "Look around the world, there's a lot of institutions that may not have the same size as others but that are doing quite well. Why is that? Because they have a good focus, and strong execution. "Look at what happened in the United States to the big players. ''Nobody four or five years ago would have said that Bear Stearns or Lehman Brothers" would get into trouble, Robitaille said. Clearly, being a giant is no advantage right now. Laurentian may not have the same scale as some of its rivals, but it can react more quickly. Give it credit for making some smart moves. Its total exposure to the troubled non-bank, asset-backed commercial paper market, frozen last year under the so-called Montreal Accord, is just $20 million. Of that amount, about $4.3 million has been written off. It wasn't dumb luck. The Laurentian credit committee wasn't comfortable with the ABCP market or with other exotic securities that other banks piled into, Robitaille said. "We've got a lower risk profile. ... We weren't in subprime lending or structured investment vehicles or derivatives," he said, rhyming off some of the complex products that have backfired on bigger banks. As a result, the balance sheet is strong and conservatively funded to a large extent by personal deposits. Laurentian has plenty of cash - about $4.5 billion - and its capital ratio is among the best in the industry, Robitaille says. In this case, lack of ambition has served it well. Five years ago, it sold 57 branches in Ontario to TD Bank, deciding that it couldn't afford to spread itself too thin. "We can't be everything to everyone," Robitaille says. The bank has identified three areas where it's focusing its energy and investment. These include the retail and small business market in Quebec, commercial real estate lending across Canada and financial products marketed to independent financial advisers. The bank also maintains a foothold in the investment business through Laurentian Bank Securities. Ironically, given the troubles banks have had in housing in the U.S., Laurentian is doing well by securitizing mortgages in Canada. It packages federally insured Canada Mortgage and Housing Corp. home loans for resale to investors, earning a profitable spread when it does so. "It's a very good product," Robitaille says, and this has turned out to be "the cheapest way to fund the bank." Third-quarter earnings per share were a record for Laurentian. "In a challenging year for banks, this is exceptional," said Desjardins Securities analyst Michael Goldberg in a research note. phadekel@videotron.ca

Do we dare think big again? After three decades of decline, stagnation and costly federalist-separatist battles, Montreal politicians have taken to looking in rear-view mirrors to the Drapeau era megaprojects, when the term 'Big O' could have stood for 'optimism' JAMES MENNIE, The Gazette Published: 10 hours ago "Of all the achievements of the Drapeau administration," says Paul-André Linteau, a professor of history at the Université du Québec à Montréal, "Expo 67 occupies a special place in our collective imagination. "When we marked the 40th anniversary of Expo last year, it was heavily covered by the media, and full of teary-eyed, nostalgic baby boomers recalling the extraordinary summer they spent at Expo 67. "But often we experience a kind of deformation of memory that sees an individual's recollection transformed into something the entire community believes it experienced. Not everybody had a great summer in 1967, but the boomers expressing themselves on TV or radio (create) a strong, positive perception of Expo 67." Nostalgia is a valuable commodity in politics. Candidates who campaign on a platform of change usually depict their promises through the prism of the past. U.S. presidential candidate Barack Obama hearkens to a day when the United States was economically strong and enjoyed the world's respect and opponent John McCain speaks of a simpler age when ordinary people had a role in determining what direction their country took. How much truth exists in either version of the past is debatable, but it makes for good oratory. Locally, where the political stakes may be less, the good old days aren't hard to locate. After 30 years of economic decline, an exodus of taxpayers to the suburbs and political trench warfare that pitted separatists against federalists, Montreal politicians in the here and now are hard pressed to rally the electorate to the promise of a better tomorrow. They've decided, instead, to stake their political futures on the memory of a better yesterday - in fact, a very specific collection of yesterdays from April 27 to Oct. 29, 1967, the golden days of Expo and a mayor named Jean Drapeau. The latest example occurred last week, when municipal opposition leader Benoit Labonté announced that he wanted Montrealers to work together to submit their city as a candidate to host the Universal Exposition for 2020. Brandishing a pair of passports from Expo 67, Labonté said the fair evokes memories of "the greatness of Montreal ... of a time when everything seemed possible. "The future seemed to belong to us, and it was probably the biggest moment of collective pride felt by Montrealers in the 20th century." Arguing that a second exposition could jump-start Montreal as a world class metropolis, Labonté invited all Montrealers - including Mayor Gérald Tremblay- to join in an effort to bring the show here. While some news organizations reported that Labonté's plan seemed to come out of the blue, the opposition leader had hinted broadly at it during an interview with The Gazette in May, saying that Montrealers needed a common cause they could focus their energies on and noting that the last time such a sentiment existed here was between Expo 67 and the 1976 summer Olympics. Whatever the genesis of Labonté's invitation, it was dismissed by city hall three hours after being made. "We like to dream with our eyes open," said Montreal executive committee member Alan De Sousa, describing Labonté's plan as "an electoral balloon." De Sousa's response wasn't totally unexpected, but it ignored the fact that pointing to the Drapeau-era as an inspiration for the future isn't a ploy invented by the municipal opposition. Tremblay has never spoken publicly about staging another world's fair here, but three years ago he did float the idea of luring another major event from the Drapeau-era back to Montreal. In August 2005 and flushed by the apparent success of the World Aquatics Championships, Tremblay mused that "Montreal will not wait another 30 years to renew acquaintances with the world," and that the city would "think" about bidding for the 2016 Olympic Games. Even though the idea went over like a lead balloon, the mayor's reverence for the Montreal of a generation ago came to the fore in speeches given during the 40th anniversary of Expo 67. "We owe to Jean Drapeau a great part of Montreal's recognition and international growth," Tremblay told a Board of Trade lunch as a slide show of Expo 67 pavilions flickered behind him. "Expo was a great project that marked our history and our imagination - an audacious project, the expression of an immense confidence in ourselves, in our capacity to create and invent." Even Projet Montréal, an opposition party holding one seat on city council and an equal amount of contempt for Tremblay and Labonté's policies, isn't immune from the lure of Expo. Party leader Richard Bergeron once observing that if Drapeau had dithered as much as the present administration, "the métro would never have been built." But while Linteau acknowledges that changes were afoot in Montreal and Quebec in 1967, it would be a mistake to think it was a magical time for Montreal. "The '60s were exceptional years," he says. "It was the Kennedy years in the United States. "We often look only at what Quebec was going through, but we were in the middle of a universe in transition." In fact, while the year may be remembered through rose-coloured mists, the reality was that the bloom was already leaving this city. Linteau acknowledges the optimism of the time - "when you consider all the projects that were being proposed, we thought there'd be 7 million people living in Montreal by 1980, that there would be 15 million visitors at Montreal airport by the end of the 1970s." But, he adds, "that optimism was quickly deflated because Expo occurred about the same time the decline of Montreal began. "Drapeau didn't care. Economic development and things of that nature were too trivial for him. He didn't notice our being overtaken by Toronto which, even by 1960, had passed Montreal as a major metropolis." Linteau notes that people usually like to be a part of something bigger than themselves. "A lot of humanity's monuments are the result of policies of grandeur and waste," he says. "Big projects are a bit megalomanical, but they get things moving, create change. "What's certain is that it's been a long while since we had that kind of project in Montreal. Just look at the bickering over the superhospitals." jmennie@thegazette.canwest.com

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.

Quebec already has power to be an international player: Charest KEVIN DOUGHERTY, The Gazette Published: 9 hours ago Canadian federalism already allows Quebec to negotiate international agreements on its own, Premier Jean Charest said yesterday, commenting on a federal minister's declaration that Ottawa would give provinces more power to act on the international stage. Charest said Quebec needs to play an active international role to thrive in the global economy. "I see it as an occasion for the emancipation of Quebec," he said of the province's international relations. Charest called Transport Minister Lawrence Cannon's declaration, on the eve of a federal Conservative caucus meeting in Quebec this week, "a positive signal." But as things stand, Charest added, Quebec has more powers to make international agreements on its own than France has as a member of the European Union. Quebec's position is that "what is in Quebec's jurisdiction at home is in Quebec's jurisdiction everywhere," he said. The Canadian constitution gives Quebec jurisdiction over education, health, language and culture. The proposed agreement between France and Quebec on mutual recognition of professional qualifications is within Quebec's powers. "We have the powers to do that," he said. "In fact, when I proposed the project to President Sarkozy, I think it was about a year ago when I did it, I didn't call Ottawa to ask them permission to do it. "I proposed it. We did it and we started negotiating." Some consider Cannon's statement a betrayal of a more centralized vision of Canadian federalism. "There will always be these people in English Canada and elsewhere, even in Quebec, who fear the future of the federation if we ever question their way of exercising federalism," Charest said. "The Canadian federal system is a very decentralized system, by choice," he said. "It is not an accident of history that we have a decentralized federal system. It is one of the conditions that permitted the creation of the country."

A new era of prosperity RICHARD FOOT, Canwest News Service Published: 8 hours ago Boom times for have-not provinces are redrawing Canada's economic and political map. The remarkable growth is resource-driven: potash and uranium in Saskatchewan, offshore oil in Newfoundland and Labrador To find the front lines of the global commodities boom, drive an hour east from Saskatoon on the Yellowhead Highway to Lanigan, Sask., home of the world's largest potash mine. Two huge, dome-covered warehouses, each about the size of a football field, stand on the mine site, eerily empty except for a few dusty sweepings of potash on the floors. "A decade ago there would have been a mountain of potash in here," said Will Brandsema, general manager of AMEC, whose engineering firm recently completed a $400-million expansion of the mine for the Potash Corp. of Saskatchewan. Potash Corp.'s Lanigan mine in Saskatchewan. The price of the mineral has soared to nearly $1,000 a tonne from about $100.View Larger Image View Today, worldwide demand for the pinkish, chalk-like mineral is so great, Potash Corp. can't keep its warehouses full. In the past four years, the price of potash - the basic ingredient of fertilizer - has soared to nearly $1,000 per tonne from about $100, largely because of rising populations in China and India and their sudden appetite for high-value, fertilizer-grown food. Thanks to a quirk of geologic good fortune, Saskatchewan is filled with potash and now produces more than a quarter of the world's supply. What was for years an unremarkable export has suddenly become one of the most treasured commodities on Earth - pink gold, you might call it - which, alongside surging sales of oil, uranium and even grain, is suddenly making Saskatchewan the economic envy of the nation. About 3,000 kilometres away, another once-poor province accustomed to life on the economic fringes is also reaping a windfall from its natural resources. Skyrocketing oil prices are fuelling an extraordinary economic turnaround in Newfoundland and Labrador, where a fourth offshore oil project will soon be in development. Petrodollars are transforming St. John's from a down-at-the-heels provincial capital into a bustling energy city brimming with stylish restaurants, affluent condo developments and a sense of euphoria not seen there since cod were first discovered on the Grand Banks. "The Newfoundland and Saskatchewan economies have gone from stagnant to stellar," Statistics Canada declared in its May Economic Observer. "These two provinces have moved beyond old stereotypes and stepped into a new era of prosperity." Both provinces led the country last year in growth of exports, in the rate of housing starts and in growth of gross domestic product - the only provinces, along with Alberta, whose per capita GDP was above the national average. In June, a report by the TD Bank Financial Group called Saskatchewan "Canada's commodity superstar" and said if the province were a country, it would rank fifth in the world among member nations of the Organization for Economic Co-operation and Development, in terms of per capita GDP. It would trail only Luxembourg, Norway, the United States and Ireland. (Alberta would come second if ranked on the same list.) John Crosbie, who announced the cod fishery's shutdown as federal fisheries minister and is now the province's lieutenant-governor, expressed the mood of many Newfoundlanders while reading his government's throne speech in March: "Ours is not the province it was two decades ago," Crosbie said. "We are - for the first time in our history - poised to come off equalization very soon. This is a stunning achievement that will reinforce the bold new attitude of self-confidence that has taken hold among Newfoundlanders and Labradorians." What do such economic shifts mean for the country as a whole, and how will the rise of two weaker provinces, coupled with the manufacturing malaise in Ontario, affect the workings of confederation? First, many economists say it's a mistake to underestimate the resilience and strength of the huge Ontario economy. They also say the surging energy economies of Alberta, Saskatchewan and Newfoundland face their own challenges, including cyclical commodity prices, the social costs of rapid development and severe labour shortages. Canada is already facing a labour crunch that's only going to worsen with time. In six years, said economist Brian Lee Crowley, president of the Atlantic Institute for Market Studies, there will be more people leaving the country's labour force than entering it. The new demand for workers in Saskatchewan and Newfoundland, especially in construction and engineering, can only exacerbate the problem. In 2006, for the first time in 23 years, Saskatchewan stopped losing people, on a net basis, to other provinces, thanks to the thousands of workers streaming home from Alberta to new jobs in Regina, Saskatoon, Moose Jaw and elsewhere. As job opportunities also grow in Newfoundland, and competition for skilled workers intensifies, the availability of labour will decline and the cost of it will increase, putting further pressures on the dollar and on manufacturers. The rampant growth of Canada's resource-rich economies is also expected to force changes to the federal equalization program. In April, the TD Bank forecast that Ontario, a longtime contributor to equalization, could become a recipient as early as 2010 - not because Ontario's economy is falling apart, but because it is slipping relative to the extraordinary growth of commodity-producing provinces. As the resource boom pushes the average level of provincial revenues higher, provinces like Ontario will fall below that average, and the cost of funding equalization will increase. Yet the federal government won't be able to afford the program, because Ottawa has no access to the commodity revenues that are driving up its cost; natural resource royalties flow only to the provinces. "The amount of money required for that program is going to get bigger and bigger," said Wade Locke, an economist at Memorial University in St. John's. As for Newfoundland and Labrador, over the past decade its per capita GDP has risen to $10,000 above the national average from $10,000 below - the fastest 10-year turnaround of any province in Canadian Newfoundland and Saskatchewan both reaped a bonanza last year from commodity royalties. Newfoundland posted a record $1.4-billion budget surplus; Saskatchewan announced a $641-million surplus plus a $1-billion infrastructure spending spree. While those two provinces enjoy their economic rebirth, recession stalks other regions of Canada, in particular the industrial heartland of Ontario. There, many manufacturers are struggling with high energy costs and a strong dollar, and the North American automakers - once Canada's economic engine - are shedding jobs and shutting factories. John Pollock, chairman of Electrohome Ltd. in Kitchener, Ont. - he is winding up the affairs of a once-proud consumer electronics maker forced to the sidelines by overseas competition - predicts Ontario is entering a period of perhaps a decade or more in which it will no longer drive the country's economy. "There's going to be a period of transition that's going to be tough," he said. "Ontario has supported the rest of the country - provinces like Saskatchewan and Newfoundland - for years. Maybe it's time for a shift." Global financier George Soros recently described Canada's economy as a split personality - half beleaguered by a sluggish manufacturing sector, and half enjoying the wonders of the worldwide resource boom. Never before have the fault lines between Central Canada's energy-dependent provinces and the far-flung energy-rich ones been so stark, says Brett Gartner, an economist with the Canada West Foundation, a Calgary think-tank. "Of course, Ontario's not about to fade away. It still accounts for more than 40 per cent of the national economy," Gartner said. "But let's not discount what's happening in the regions. It's quite astounding." In Saskatchewan, for example, Potash Corp., buoyed by a share price that has made it one of the leading companies on the Toronto Stock Exchange, is spending $3.2 billion to construct new mines and expand existing ones. Much of that work has gone to AMEC, an international engineering firm that recently refurbished a second mill at the Lanigan mine after the facility was closed in the 1980s because of lack of demand. Will Brandsema, who runs AMEC's Saskatoon office, says he can't hire engineers fast enough to fill the jobs created by mine expansions in the potash and uranium industries. Eight years ago, AMEC employed 64 people in Saskatoon; today that number is 325. "You talk about have-not provinces," he said. "Ten years ago, I spent most of my time in the office looking for business. Now I spend most of my time with human resources, looking for people to hire. "It's just amazing the growth here, and not only in potash. Thirty per cent of the world's uranium comes out of this province. And we have other commodities - oil, gas, coal and the whole agricultural side. All of these are going to grow." Saskatchewan left the ranks of equalization-receiving provinces in 2007. Newfoundland and Labrador is expected to become a "have" province this year or next, a startling change considering that the cod fishery - once the foundation of the province's economy - has not substantially reopened since its devastating closure by Ottawa in 1992. "It's currently $13 billion. It's going to be $30 billion in 10 years. The federal government doesn't have the financial wherewithal to fund that program." Yet abolishing or changing equalization, a program required by the constitution, presents huge political problems, particularly in Quebec, which receives the largest equalization payment, although the lowest per capita amount. "You're going to see some serious restructuring of equalization, but not before the next election," Locke said. "The Harper government is not going to do it." Changes to equalization, not to mention a realignment of "have" and "have-not" provinces, could also prompt a new wave of regional beefs and resentments - the bane of confederation. Ontario Premier Dalton McGuinty is already complaining about how much his province's taxpayers contribute to national transfer programs, a system Ontario governments once supported in better economic times. Oil itself could become a flashpoint that divides the country. Public demands in Quebec, Ontario or British Columbia for a national carbon tax would now raise the ire of more than just one oil-producing province. In the meantime, Saskatchewan and Newfoundland, which typically wield little weight in national discussions, could use their new economic clout to campaign for a truly effective Senate, with real power to represent regional interests. "There is some realignment of economic power occurring that will influence the national political debate," said former Newfoundland premier Brian Peckford, who now works as a business consultant in British Columbia. "Premiers' meetings, for example, won't be dominated by only a few big provinces. Smaller provinces like Saskatchewan and Newfoundland won't have to shout and demand to be heard. We'll get noticed simply by being there." Still, Peckford - who grew up in a province so poor that he remembers, as a boy, studying his schoolbooks by kerosene lamp - warns Newfoundlanders not to let their budding affluence go to their heads. "I would caution them that as they grow financially, they must also grow emotionally and socially," he said. "The last thing Newfoundland and Labrador should do is get arrogant about this, because one never knows how long it will last. "A lot of Canadians helped us after we joined confederation, so it's our turn now to contribute back." Rags to resources: First of a series Boom times for the "have-nots" are redrawing Canada's economic and political map. Next: Day 2: Flush with commodities cash, Saskatchewan revels in its rebirth. Day 3: From misfit to petro-darling: Newfoundland's remarkable transformation. Day 4: Hard times in the industrial heartland: Ontario's painful transition. Day 5: The ''curse'' of resources: Post-fortune perils. Day 6: Finding new fortunes: Quebec's industrial heartland moves on. http://www.canada.com/montrealgazette/news/story.html?id=6fd0d4f0-4e9c-462d-af41-4ae1b93545a0&p=3

Canada's housing market cools Home prices are still rising but much more slowly.Tyler Anderson/National PostHome prices are still rising but much more slowly. Resale price growth lowest in seven years Garry Marr, Financial Post Published: Friday, June 13, 2008 More On This Story TORONTO -- The Canadian real estate market is being flooded with homes, causing prices to start falling in some key markets, according to the Canadian Real Estate Association. The average price of a home sold last month in the country's top 25 markets was $337,071, an all-time record. But that record price was only up 1.1% from May, 2007 -- the smallest year-over-year increase in seven years. "The record number of new listings means more opportunities for buyers," said Gregory Klump. chief economist with CREA. "The resale housing market has evolved in just a few short months." CREA said there were 67,628 new units on the market in May, a 7% jump from last year. It was the second straight month that a record number of houses has gone on sale. The impact on prices is being felt most keenly in Alberta. The average price of a home sold in Calgary last month was $418,881, a 2.4% drop from a year ago. Edmonton sale prices averaged out at $340,499, down 4.8% from a year ago. Unit sales in both Alberta cities are also plummeting. Calgary homes sales were off 34.2% from a year ago while Edmonton sales were down 34.8% during the same period. The home sales are dropping across the country. CREA said on a national basis sales were off 16.9% in May from a year earlier.

Have Some Champagne With That Brisket? Montreal is just bubbling with Jewish culture November 08, 2007 Kathy Shorr Jewish Exponent Feature Ever since the Parti Quebeçois came to power three decades ago, bringing with it greater nationalism and stricter language laws favoring French, it's been easy to feel uneasy about Jewish life in Montreal. The Jewish community has shrunk from a high of about 120,000 before that 1976 election, to just under 100,000 now. Many who left were the younger, well-educated postwar generation of Ashkenazi descent, who had been educated primarily in English. (Barred from attending the Catholic, French-speaking schools, they'd attended the English-speaking Protestant ones.) But come to Montreal today, and you'll find a Jewish world that feels more vital than many American communities with comparably-sized communities. You can see live Yiddish theater, visit a new world-class Holocaust center and sample kosher restaurants serving everything from Chinese food to Moroccan chicken tagine. The Jewish community in Montreal is one of the most traditional in North America. According to a report by B'nai B'rith Canada's Institute for International Affairs, the community has a remarkably low intermarriage rate (less than 7 percent) and a remarkably high rate of religious observance (50 percent keep kosher). At roughly the same time that wave of Ashkenazi Jews left, about 20,000 Sephardic, French-speaking Jews arrived -- most of them coming from North Africa, especially Morocco. And with a continuing influx of Jewish immigrants, including as many as 10,000 Russian Jews in recent years, the city has maintained a vibrant Jewish culture that is now about 25 percent Sephardic. In Search of 'Duddy' Visitors looking for signs of Jewish life have several sections of the city to explore. Anyone interested in history will want to go to the Mile End neighborhood, the setting for Mordecai Richler's famous novel The Apprenticeship of Duddy Kravitz. Just east of Mount Royal Park is a five-street-wide area between the Avenue du Parc and the Boulevard Saint-Laurent -- the Jewish neighborhood for much of the first half of the 20th century. The old neighborhood was increasingly abandoned after the war, as Jews started to make their way out to the suburbs. But Mile End is still home to a large Chasidic community. And it still looks a lot like it did when Richler wrote about going to Tansky's store for a package of Sen-Sen. The rowhouses remain, with their outside staircases and little balconies. And some of the old haunts, like Moishe's Steakhouse and Schwartz's Montreal Hebrew Delicatessen, are open for business as usual. The Montreal Holocaust Memorial Centre People come to Moishe's for the best steaks in town, while Schwartz's long, narrow dining room teems with crowded tables of patrons ordering sandwiches piled with smoked beef. Several blocks north is the St. Viateur Bagel Shop, celebrating its 50th anniversary. It is open day and night, 24/7, and regularly wins the prize for best bagels in Montreal -- as much for the atmosphere as for the bagels themselves. You can see the flames coming out of the wood-burning brick oven, and watch the bagels being pulled out on a long-handled tray and then dumped into a long, sloping bin. They still use the same recipe from 100 years ago -- hand-rolling the bagels and dropping them into boiling water for five minutes before baking. And forget about cinnamon-raisin or chocolate-chip bagels: It's sesame or poppyseed, and that's it! For a completely different scene, head west out Côte St. Catherine Road to Snowdon, a neighborhood of duplex and split-level homes, where many Jews moved after the war. There, you'll find a small campus of Jewish community and religious organizations and cultural groups. The Segal Centre for Performing Arts at the Saidye Bronfman Centre mounts plays of both general and Jewish interest, including an annual play in Yiddish. Montreal has the largest Holocaust-survivor population in Canada; across the street from the Saidye Bronfman are the Jewish Public Library and the Montreal Holocaust Memorial Centre, with 5,000 square feet of exhibit space. The library sponsors all kinds of lectures, readings, films, and live-music and other events for both residents and visitors. A few blocks south of Côte St. Catherine Road is the commercial Queen Mary Road, which feels something like the way Mile End must have felt a few generations ago. There are charcuteries (delis that specialize in meats) where everything is labeled only in Russian, with vats of sweet-and-sour cabbage and trays of whole smoked fish and caviar. There's Israeli fast-food at Chez Benny and kosher pizza by the Snowdon metro station. Cell phones ring, voices chatting in French and Arabic more often than in Yiddish. Yes, indeed, Jewish life in Montreal has changed, but remains alive and well. For more information, go to: www. tourisme-montreal.org.

Halifax could learn a lot from Montreal VICTOR SYPEREK The Daily News You know, as you travel through this wonderful country, you realize just how lucky we are to be Canadians. From the majestic Rocky Mountains to the restless Atlantic Ocean. And what diverse populations. Bringing the best from all of our homelands. Leaving Toronto and heading East quickened my heart, as heading home always does. This is probably what is so compelling about travel. All we see and eat and do can be brought home to add a little diversity to our verdant region. I stopped in Kingston, Ont., which was celebrating the last day of its Busker Festival. It's hard to say how big theirs is, as on the last day, everyone joins together in the main area to watch the best of the week. They had closed a large portion of the downtown and besides the theatrical antics, parking lots were 1/2lled with 3/4ea markets, antique sales, baking and general city groups adding to the fun. After a Guinness, a bite and a leisurely chat with some locals, on I pushed to Montreal. I used to live there about 30 years ago. After the referendum, big business left in droves. Many Anglos followed. Toronto surpassed Montreal as Canada's No. 1 city. I think they went a little over board on their French-only bent, isolating them even further. But a funny thing happened. Rents stayed low. Houses remained affordable. It was the perfect environment for artists and artist expression. Montreal became an incubator and gave birth to the largest comedy festival and one of the largest jazz festivals and, of course, the world's most famous circus troupe, Cirque du Soleil. To some degree, this is all serendipity, the right place and the right time. But that isn't enough. You still need the people with the control and the money to pave the way or, at least, remove the road- blocks. And I chose this word for it's meaning. Obviously a city must function at many levels. Business must function, deliveries must be made, people must get to work and home again. But these days tourism is big business and as well talented people must be attracted to our fair cities. Besides just jobs, we have to address quality of life. Now this means many things. Besides a comfortable and safe place to live, we have to do things. We need theatre, 1/2lm, good food and entertainment. And entertainment can be so many things - from buskers to book fairs, car shows, huge 3/4ea markets, a literal day at the beach and sailing. If we have a happy population, it shows. The tourists 1/2nd out and they come to see why. And at the bottom of it all, you will 1/2nd a progressive administration. As in Montreal, where the arts had the perfect place to be. Flowers won't grow without the proper conditions, they must be encouraged. Montreal gets it. During the jazz festival, most of Montreal's streets are closed around the arts centre. During the Grand Prix the Main St. Laurent is closed and turned into a giant terrace; bars and restaurants spill out onto the street. The comedy fest, for two weeks, shuts down the blocks from St. Laurent past St. Dennis, south of Sherbrooke. The area is the size of downtown Halifax. There were hundreds of thousands of people on the streets. Roaming troupes of stilt walkers, parade 3/4oats, lights everywhere, sound and long lineups at all of the venues. It was a festival 20 years in the making. About 20 years ago, in Halifax, Dale Thompson started the Buskers' Festival and Mardi Gras, a Halloween night to remember. Buskers were a downtown-wide street show. They were everywhere. What could have grown into something approaching Montreal's festival was safely place in a sterile (read boring) package on the crowded waterfront. Same with Mardi Gras. It got out of control. Instead of managing it, it was cancelled, or at least the cost of police and 1/2re control became prohibitive. There is something wrong with our attitude. Mayor Peter Kelly and a few councillors should go on a paid junket to Montreal to 1/2nd out how it's done. There is no need to recreate the wheel. It's been done in Rio, New Orleans and in Montreal. I saw very few police, just on the gates to the streets. A couple of 1/2remen leaning on their 1/2re truck were there just in case. And there were hundreds of thousands of people of all ages with smiles on their faces. Heck, I'll even offer to go with them as translator, to translate into common sense. The film festival in Halifax is in its 21st year and yet the city is still dithering over permits to use Parade Square and surrounding streets. This festival has the potential to put us on the international 1/2lm map, but we need the nurturing and help of our city fathers. And speaking of 1/2lms, I wish our 1/2lm development board would get off their chairs and try to stem the 3/4ow of production from Nova Scotia to New Brunswick and the rest of the country. This was a $200- million-a-year business. Now I know there are circumstances, but let's start with local production. A couple of weeks ago, I mentioned that I hadn't seen many cops walking the beat late at night. Well just to prove me wrong, there they were Wednesday night, handing out parking tickets. C'mon. What gives? We have a world hockey tournament or curling or the Greek Festival or whatever - and the parking commission has a 1/2eld day. You know, if they are not blocking a hydrant or some emergency exit or driveway, do we have to be so fanatical? If it weren't about the revenue, you know you will be towed, if necessary. Let's give our visitors a break. But I guess we have to pay for the parking at Dartmouth Crossing somehow. Well, I'm off to enjoy our jazz festival. It's good here, but it could be better. Have a good one.