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Until 2007, I was optimistic. -Montreal posted some amazing job creation numbers from the period 1998-2007 -real estate market was booming -We had Griffintown/another office building or 2 on the horizon/an unemployment rate headed below 7% -Another 5 years of polticial stability So where are we heading? -Major projects have either been cancelled, deferred or scaled down (all of them except for the Quebec govt concert hall) griffintown/2.22/chum/muhc/701 university/1215 square philips -Creeping unemployment rate and higher CAD vs USD. -Immigration and language laws ensure that we get 2nd or 3rd most qualified applicants (Toronto gets most talented) -Quebec and Montreal governments are broke and can't stimulate the local economy without increasing their massive levels of debt -Foreign airlines continue to leave Montreal since 2000 (Iberia/Austrian Airlines/EL AL/Egyptair/CSA Czech) - meanwhile during this time Toronto attracted Austrian Airlines/Emirates/Jet Airways/Air India/Turkish Airlines/Lan Chile/EVA Airways (and more to come) -Lowest % of university graduates despite lowest cost for prospective students -Highest income tax rates in all of North America -Poor involvment of Quebec business in community (where are Power Corp / Bombardier like Rogers are to Toronto)? -Declining rank on top financial center charts -Political instability -Exodus of head offices continues -26 on 26 metro areas for GDP/Capital adjusted for PPP in North America. Where are we going people? How do we turn this ship around?