Rechercher dans la communauté

Théâtre Saint-James. Avant The Canadian Bank of Commerce vas être rénoné en Théâtre. Je n'ai pas plus d'info. . Yvon L'Aîné

McGill takes 12th spot in global ranking ELIZABETH CHURCH From Thursday's Globe and Mail November 8, 2007 at 5:05 AM EST An international ranking of universities has put Montreal's McGill University in 12th spot, the highest rank to be reached by a Canadian institution. The annual rating, done by London-based Times Higher-QS World University Rankings, moved McGill up from its 21st placement last year. Ten other Canadian universities made the top 200 list, with the University of British Columbia finishing in the 33rd spot and the University of Toronto in the 45th. "This is such a source of pride for us. It shows that McGill is moving in the right direction," principal Heather Munroe-Blum said. The placement means McGill is now the top-ranked public university in North America, she said. It also demonstrates that the practice of concentrating resources on areas of excellence such as neuroscience, developmental biology and law is showing results, she added. "We have chosen our spots very carefully in areas where we can be leaders in the world." The rating, which was to be released this morning in London, comes at an important time for McGill as it looks to tap its network of alumni for a major fundraising campaign and is striving to increase its profile. Harvard University once again was placed at the top of the international ranking, which was conducted by an independent firm, sold off by the owners of the Times of London in 2005. Oxford, Cambridge and Yale all shared second place. The survey considers a number of factors in its rankings and gathers input from more than 5,000 academics around the world.

Montreal’s cash-strapped universities have a wealth of notable and famous alumni who got their start at one of our local universities before leaving their mark on this province and beyond. Across the fields of business, science, politics and the arts, there are countless examples of notable alumni who earned a degree at a Montreal university before making it big. The list from Université de Montréal reads like a veritable Who’s Who of Quebec leaders, while McGill University has an embarrassment of riches, with bragging rights to the longest list of notables across all fields and by far the most prestigious prize winners. Here are some examples of those famous alumni (with apologies to the many accomplished graduates we didn’t have space to include). We have also included Nobel Prize winners and the number of Rhodes Scholars to round out the list of distinguished alumni. Montreal universities have bragging rights to many famous alumni | Montreal Gazette

https://blog.cogecopeer1.com/why-montreal-is-fast-emerging-as-canadas-cloud-hub?utm_campaign=FY16%20Inbound%20GLOBAL%20Mar%20Colocation%20Digital&utm_content=32715745&utm_medium=social&utm_source=linkedin

Canada ranks 2nd among 10 countries for cost competitiveness, says KPMG THE CANADIAN PRESS 03.29.2016 TORONTO - Accounting giant KPMG says Canada has proven to be second most competitive market in a comparison test of 10 leading industrial countries. In its report, KPMG says Canada lags only behind Mexico when it comes to how little businesses have to pay for labour, facilities, transportation and taxes. The report, which compared the competitiveness of a number of western countries along with Australia and Japan, found that a high U.S. dollar has helped Canada stay affordable despite rising office real estate costs and lower federal tax credits. When it comes to corporate income taxes, it found that Canada, the U.K. and the Netherlands had the lowest rates overall due to tax incentives to support high-tech and research and development. KPMG also looked at the competitiveness of more than 100 cities worldwide. It ranked Fredericton, N.B., as the most cost-effective city in Canada due to low labour costs and continued low costs for property leases. Montreal topped the list among 34 major cities in North America, followed by Toronto and Vancouver. The three Canadian cities beat out all U.S. cities. Although there have been concerns over the impact of a weakening loonie on the economy, having a low Canadian dollar has actually been "a driver in improving Canada's competitiveness and overall cost advantage," KPMG said. As a result, that has made it more attractive for businesses to set up shop north of the border than in the U.S., it said. http://www.montrealgazette.com/business/canada+ranks+among+countries+cost+competitiveness+says+kpmg/11817781/story.html

http://www.cnn.com/2016/03/10/travel/justin-trudeau-canada-having-a-moment-feat/ It's been years since the U.S. has looked so lovingly upon its neighbor to the north, Canada. Sure, there were Expo 67 and the 1976 Olympics, when Montreal was the center of the world. Sure, Bob and Doug McKenzie invited us to the "Great White North" in 1980 and had a big hit with their song "Take Off." But recently, the country some wags have called "America's Hat" has been more in the news than ever, thanks to its handsome prime minister and our less-than-handsome election campaign. Described by Vogue as "dashing" and "strikingly young and wavy-haired," Prime Minister Justin Trudeau is reviving the Trudeaumania inspired by his father's entry into politics. Frolicking with pandas and a knack for selfies have only deepened the younger Trudeau's appeal. As the new prime minister launches into his country's first official visit and state dinner in 19 years, here are some reasons why Canada is always in season -- even when it's underneath several feet of snow: A warm welcome Canadian radio DJ Rob Calabrese created the "Cape Breton If Trump Wins" site in late February as a joke. But a few weeks and more than 800,000 clicks later, he says that thousands of his U.S. neighbors are seriously considering a move to Canada if Donald Trump becomes president. Serene Canadian island courts Trump refugees It's actually much harder to immigrate to Canada than simply fleeing north in your packed Prius, but Trudeau has put out the welcome mat. "Cape Breton is lovely all times of the year," Trudeau said. "And if people do want to make choices that perhaps suit their lifestyles better, Canada is always welcoming." Creative exports While Canada has long provided Hollywood with a diverse collection of talent, there's a wide array to admire right now. Rachel McAdams was recently nominated for an Academy Award for her role in best-picture winner "Spotlight," Ryan Reynolds has gained a new following with "Deadpool," and Drake's "Hotline Bling" made a big splash in 2015. Ellen Page, Seth Rogan and television and movie star Michael J. Fox, whose foundation may help unlock the clues to a cure for Parkinson's disease, are also bringing Canada to Hollywood. And we always enjoy the work of that mighty fine Ryan Gosling. Gosling is always having a moment. The redheaded orphan who put Prince Edward Island on the map for young readers may be fictional, but the "Anne of Green Gables" series by Lucy Maude Montgomery has lured generations of tourists to the picturesque island. The author's birthplace is a museum, and the Green Gables Heritage Place features a house like the one Anne occupied. And yes, there are Anne tours. Natural beauty and cultural preservation Americans have the Colorado Rockies and the 59 parks of the National Park Service. But Canadians have incredible, wild protected nature as well. Ask a Canadian, and they'll tell you (politely) that they prefer the Canadian Rockies. We recommend starting with Banff National Park, Canada's oldest national park. For travelers looking for a bit of Old World charm, there's the lovely city of Montreal, where many residents don't mind if your French is terrible. Are you trying? That counts for something. Stay longer and learn how to speak the North American version of French, all the while reading all official government publications and commercial product labeling in both English and French. Bon voyage/enjoy your trip!

http://www.nytimes.com/interactive/2015/11/19/travel/what-to-do-in-36-hours-in-montreal.html 36 Hours in Montreal Whether you want to embrace the season on rinks, trails or runs, or dodge the cold and head to the spa, this vibrant city has it all. Winter is right around the corner, and when the going gets cold — like zero-degrees-Fahrenheit cold — Montrealers get resourceful. Some dodge Canadian winter amid the heated vapors of the city’s Nordic spas or the warming drinks of cozy bars. Others embrace it by skiing and skating in public parks, cheering the hometown Canadiens hockey team and ingesting hearty meals in the new wave of forestlike and lodge-inspired restaurants. And still others flamboyantly celebrate the frozen season, reveling at Igloofest (an outdoor electronic-music extravaganza), Montréal en Lumière (a food and entertainment festival) and sugar shacks (forest canteens that sprout during maple-syrup season) amid near-Arctic conditions. Whether you are more interested in creative cocooning or winter worship, Quebec’s biggest city offers manifold amusements for the province’s defining season. Outerwear recommended. Friday 1. *Ready, Set, Snow, 5 p.m. Skate, ski or sled into winter at Parc du Mont-Royal. (The mountain it partly occupies is said to have provided Montreal’s name.) The sprawling hilltop park is the center of activities involving snow and ice. From December to March, Le Pavillon du Lac aux Castors rents skates (9 Canadian dollars, or $7 at 1.30 Canadian to the U.S. dollar, for two hours), cross-country skis (12 dollars and up for one hour) and inner tubes (5 to 9 dollars, depending on age, for the day) for the nearby outdoor rinks, trails and runs, some affording lovely city views. 2. *Enchanted Forest, 8 p.m. Reheat in the stylish confines of the new SouBois restaurant and nightclub. The underground space suggests a magical woodlands where avant-garde sculptural trees hover over a dining room of plank floors, shingled walls, raw-wood tables and Scandinavian-style chairs. The chef, Guillaume Daly, conjures magic too, metamorphosing rustic Canadian ingredients into innovative treats. The poutine is a gorgeously gloppy stack of greasy thick fries — piled like logs in a fire, and drenched with velvety warm Cheddar sauce, pungent mushrooms and an unctuous block of foie gras — while veal steak gets a funky crunch from spiced popcorn. For dessert, revisit campfire memories courtesy of deconstructed s’mores, replete with cubed marshmallows, jagged chocolate fragments and crumbled cookies. A three-course dinner for two costs about 110 dollars. Make reservations. 3. Canadian Libations, 10 p.m. The staggering whisky menu at the Burgundy Lion, a lively British-style pub with dark wood surfaces and frosted glass, offers further means to warm up. The more exotic specimens hail from Taiwan, Sweden, France and Switzerland, while Canadian representatives include Wiser’s Red Letter (12 dollars), a mellow elixir with a hint of toasted nut. Down the street, candlelit La Drinkerie Ste. Cunégonde offers several Canadian beers as chasers, including Les Trois Lettres IPA (5.50 dollars), a fragrant, floral brew with hints of clove and nutmeg. Saturday 4. Earth and Sky, 9 a.m. Still chilly? Eternal summer awaits inside the humid tropical forest of the Biodôme, a glass-roofed nature preserve containing multiple ecosystems. You might glimpse iguanas, frogs, bats, snakes, sloths and other exotic creatures as you wend your way among the dense vegetation, streams and stone caverns. The trail then takes you into forest, mountains, Atlantic gulf and subarctic islands (complete with penguins). Next door, the two-year-old Rio Tinto Alcan Planetarium is a postmodern silvery structure shaped like two telescopes pointed at the sky. Within, two domed theaters-in-the-round take you on immersive sensory journeys across the cosmos with shows like “Dark Universe,” about dark matter and energy, and “Aurorae,” about the Northern Lights. Admission to both facilities costs 33.50 dollars. Check the website (espacepourlavie.ca) for the film schedule. 5. *Shack Snack, Noon If you can’t get to a real sugar shack, the “Sugar Shack” sampler (11.95 dollars) at Eggspectation — a vast all-day breakfast and brunch hall on fashionable Rue Laurier Ouest — is a copious, calorie-rich substitute. Typical sugar shack fare, the dish heaps on fluffy scrambled eggs, sliced ham, baked beans, fried potato slices and unfilled sweet crepes along with ample maple syrup. The restaurant’s formidable menu also encompasses everything from lobster macaroni and cheese (18.95 dollars) to around 10 types of eggs Benedict. 6. **Buy Canadian, 1:30 p.m. You’ve probably grown a size since that meal. Conveniently, the boutiques along Rue Laurier Ouest brim with Canadian-made garments to accommodate your expanded frame. Chic insulation abounds at La Canadienne, where ladies can score weather-treated knee-high suede boots (450 dollars), a long quilted silvery jacket with a fur-lined hood (1,125 dollars) and much besides. Cool, straightforward, solid-colored garments to wear underneath can be found in the eponymous boutique of the veteran Montreal designer François Beauregard, including stretchy jersey T-shirts in autumnal colors (50 dollars) and dark blue 1940s-style trench coat dresses (189 dollars). Strut the ensemble to Juliette & Chocolat, a cafe serving some 20 types of hot chocolate, complete with tasting notes (6.75 to 8.50 dollars, generally). 7. **Chromatherapy, 3 p.m. With its colorful collections of art and antiquities, the Musée des Beaux Arts de Montreal illuminates even the grayest Montreal days, notably in the ground-floor galleries of 19th- and 20th-century painting. Mediterranean sun, sea and palms radiate from Matisse’s “Seated Woman, Back Turned to the Open Window,” a 1922 canvas set in the French Riviera city of Nice. Almost adjacent, the disassembled, fractured and explicitly naked couple in Picasso’s erotic “Embrace” (1971) generates a different kind of heat. A kaleidoscopic array of iconic furniture and housewares fills the multilevel design pavilion, from burgundy Arne Jacobsen “Egg” chairs to candy-colored Ettore Sottsass bookshelves to space-age 1970s red televisions from the Victor Company of Japan. A sleek yellow Ski-Doo snowmobile from 1961 begs to be borrowed for a joy ride. Admission: 20 and 12 dollars, depending on exhibition. 8. **North Stars, 7 p.m. Canadian pride suffuses the friendly, lively new Manitoba restaurant. Animal furs and raw logs decorate the industrial concrete room, and indigenous ingredients from the Great White North fill the chalkboard menus. Among starters, the plump baseball-size dumpling spills out shredded, succulent pork tongue and flank into a tangy broth floating with crunchy daikon for a Canadian-Chinese mash-up. For mains, thick deer steak gets a zesty drench of red wine sauce infused with Labrador tea and crunch from root vegetables like candied carrot and smoked onion. Maple syrup-smoked bone marrow is topped with berries, onion and Japanese mushrooms for a sublime hunter-gatherer hybrid. A three-course meal for two is about 100 dollars. 9. *Liquor Laboratory, 10 p.m. Tucked across from Parc La Fontaine (a favorite ice-skating spot), Lab is a dimly lighted speakeasy of brick and dark wood where the mad mixologist Fabien Maillard and fellow “labtenders” ceaselessly research new cures for your sobriety. Who else could invent the Jerky Lab Jack (14 dollars), a concoction of Jack Daniels whisky, Curaçao, cane sugar and bitters flavored with barbecue sauce? It’s a gulp of the American south, flamed with a blowtorch and delivered under a miniature clothesline hung with beef jerky. Continuing toward the Equator, Caribbean flavors infuse the dozens of specialty rums (from Cuba, Jamaica, Trinidad, Grenada and beyond) and cocktails like Bébé Dragon, a blast of Barbados rum, house-made ginger syrup, lemon juice, lemon-lime soda, mango and basil (14 dollars). Reserve spots online. Sunday 10. Vintage Voyage, 10 a.m. Finally: a place stocking those stag heads, Lego figurines, cowboy paintings, flapper hats, snow shoes, lace doilies and neon signs you’ve had trouble finding. Near the last stop of the Metro’s blue line, Marché aux Puces Saint Michel is a vintage shopper’s Shangri-La. The sprawling, dusty, musty two-level labyrinth-like flea market holds hundreds of stalls selling the contents of seemingly every Canadian attic and basement. Kiosk 216 has an impeccable collection of vinyl LPs from the “Valley of the Dolls” soundtrack to Serge Gainsbourg’s “Grandes Chansons de Gainsbourg,” while Artiques (kiosk 219; 514-898-2536) sells well-maintained pinball machines, jukeboxes, pipe organs and radios. For gents needing winterwear, La Garette d’Anna (kiosk 358; facebook.com/LaGaretteDAnna) sports an extensive collection of bomber jackets, capes, police caps and pith helmets. Haggle. 11. Ship Shape, 1 p.m. Norway, Sweden and Finland have mastered the art of stylishly dealing with cold weather, and Montreal has paid homage to these experts with numerous Nordic-themed spas around town. The most innovative is Bota Bota, a former ferryboat that was remade in sleek contemporary style and reopened as a wellness facility in the winter of 2010. Spread over five decks, the indoor-outdoor spa offers many massages and facial treatments, but the core experience is the “water circuit” (35 to 70 dollars depending on day and time). Sweat out the weekend’s toxins in a Finnish sauna or hammam; plunge into one of the cold pools; and finally chill out in one of the relaxation areas or the restaurant. The 678 portholes and numerous wall-size glass panels afford superb views of the city skyline, though the best vantage point is the external heated whirlpool bath. There might be no warmer spot amid wintry Montreal. Lodging With 131 suites, downtown’s Hotel Le Crystal (1100, rue de la Montagne, 514-861-5550) offers anti-winter pampering perks like an indoor saltwater pool and an outdoor year-round rooftop hot tub, both with city views. Some executive suites and penthouses have operational fireplaces. Double rooms from 199 Canadian dollars. Situated in the hip Plateau neighborhood, the 21-room Auberge de la Fontaine (1301, rue Rachel Est, 514-597-0166) lies across the street from leafy Parc La Fontaine — home to an outdoor skating rink — and down the street from Lab cocktail bar. Certain rooms have whirlpool baths. Doubles from 122 Canadian dollars.

Ce projet va renaitre de ses cendres (en partie), via un autre promoteur Simon Property Group, Calloway REIT, and SmartCentres Announce Second Premium Outlet Center® in Canada to Serve Montreal Area INDIANAPOLIS, May 21, 2012 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG), the world's leading retail real estate company, Calloway Real Estate Investment Trust ("Calloway") (TSX: CWT-UN) and SmartCentres announced plans to develop their second Premium Outlet Center® in Canada. The center will be located in the Town of Mirabel, Quebec, approximately 20 miles north of Montreal. The project, called Montreal Premium Outlets®, is a joint venture between Simon, Calloway and SmartCentres. Simon will own 50% of the project. The Mirabel site is located on Highway 15 at Notre Dame Street. Phase 1 will be comprised of 350,000 square feet of gross leasable area and 80 stores. Construction is expected to begin in 2013. The first Simon and Calloway project, Toronto Premium Outlets, located in the Town of Halton Hills, is currently under construction and on schedule for a summer 2013 opening. "Due to the strong response to our first announced project in the Toronto area, we are excited to now bring the Premium Outlets branded concept of upscale outlet shopping to the Montreal area," remarked John R. Klein, President of Simon's Premium Outlets platform. "We are pleased to quickly expand our presence in Canada and our partnership with Calloway and SmartCentres to develop another first-class project." "Opening a new Premium Outlet Center in the Montreal area will help fulfill the merchant demand for growth in Canada while providing economic benefits in and around Mirabel," said Al Mawani, CEO of Calloway. "With more than four million residents in the area, we look forward to bringing a high-quality outlet shopping experience to the region." "We're pleased to be partnering with Simon Property Group, the world leader in the shopping and outlet center business. We are excited about bringing many new international designer brands to the Canadian consumer at affordable prices," said Mitchell Goldhar, CEO of SmartCentres. "I am delighted with this decision to develop a portion of the Lac Mirabel lands and welcome Premium Outlets to our city," said Hubert Meilleur, Mayor of the City of Mirabel. "They can count on the City's full cooperation in seeing this new project through to its successful completion. Being the first in Quebec to have a Premium Outlets concept is something for us to be very proud of." Simon Property Group's outlet portfolio comprises 70 Premium Outlet Centers® including 57 in the United States, one in Puerto Rico, eight in Japan, two in Korea and one in Malaysia and Mexico. Premium Outlet Centers in the United States are located primarily in or near major metropolitan markets such as New York, Los Angeles, Boston and Chicago and visitor markets such as Orlando, Las Vegas and Palm Springs. Premium Outlets properties are distinguished by their unparalleled mix of leading designers and name brands selling direct to consumers at significant savings with each being an architecturally distinct village setting with charm and ambiance. About Simon Property Group Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and the largest real estate company in the world. The Company currently owns or has an interest in 337 retail real estate properties in North America and Asia comprising 244 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more information, visit the Simon Property Group website at http://www.simon.com. About Calloway Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6 billion. It owns and manages approximately 26 million square feet in 118 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit http://www.callowayreit.com. About SmartCentres A privately held Canadian company, SmartCentres has developed more than 200 shopping centres in communities big and small, and operates in every province. SmartCentres is committed to bringing value to Canadian communities through the efficiencies of unenclosed shopping centre formats each adapted to the market in which it is located. For more information on SmartCentres, visit http://www.smartcentres.com. http://phx.corporate-ir.net/phoenix.zhtml?c=113968&p=irol-newsArticle&ID=1698130&highlight= SOURCE Simon Property Group, Inc.

Selon le Panamericanworld.com

Andrew Duffy, Ottawa Citizen, Ottawa Citizen 03.17.2015 Ottawa’s share of new immigrants continues to decline as newcomers increasingly opt for the economic opportunities of Western Canada or the cultural diversity of Montreal. A Statistics Canada study released Wednesday reveals that the percentage of immigrants who cited Ottawa as their intended destination has dropped to 2.4 per cent in 2012 from 3.4 per cent in 2000. It means that the actual number of immigrants settling in Ottawa has gone down even as Canada welcomed more newcomers. Annual immigration to Canada rose to 280,700 in 2012 from 227,500 in 2000. “The recession hit Ontario pretty hard and it’s normal that immigrants don’t want to go to someplace where economic conditions are not as good,” said Gilles Grenier, a University of Ottawa economics professor who specializes in labour market and immigration issues. The Statistics Canada research paper, Changes in the Regional Distribution of New Immigrants to Canada, examines the country’s evolving settlement pattern. It shows that new immigrants have started to look beyond Toronto and Vancouver to destinations such as Calgary, Edmonton, Winnipeg and Saskatchewan, where — at least until the recent crash in oil prices — economies have been booming. Montreal, already a major destination, has also seen its share of newcomers increase substantially to 18.1 per cent in 2012. Meanwhile, Toronto, which attracted almost half (48.4 per cent) of all new immigrants in 2000, saw its share of newcomers fall to 30 per cent in 2012. Still, that city remains the country’s biggest magnet for immigrants. StatsCan analysts suggested that the new settlement pattern reflects changes in regional economic activity and employment. “In short, labour market conditions were better in Western Canada than they were in the rest of the country,” the report concluded. That more newcomers were settling outside of Toronto and Vancouver was also a reflection of Canada’s revised immigration system. Provincial nominee programs (PNPs) allow provinces to select and nominate immigrants to meet their own economic goals and growth targets. “Over the 2000s, the PNPs considerably increased the number of immigrants going to destinations that previously received few immigrants,” the study found. The percentage of immigrants arriving in Canada as provincial nominees increased to 13 per cent in 2010 from one per cent in 2000. The program has been particularly successful at attracting immigrants to Manitoba, Saskatchewan, New Brunswick and Prince Edward Island. StatsCan analysts said the distribution of newcomers within Canada has also been affected by shifts in the country’s immigration sources. In the late 1990s, most of Canada’s immigrants came from China and India, and they tended to settle in Toronto and Vancouver. By 2010, however, the Philippines was the biggest source of Canadian immigrants, and they have settled in cities across the country, the report said. Montreal’s growth as a destination city was driven by increased immigration from Africa, South America, Central America and the Caribbean. Gilles Grenier said the study shows that Canada’s immigration system is maturing. “It’s a good thing that immigrants disperse in Canada,” he said. “Because Ontario, for many years, was the main destination for immigrants in Canada, especially Toronto, where almost half the population is foreign-born.” The recent drop in oil prices, however, could cause immigration patterns to shift again, Grenier warned, as immigrants chase new job opportunities. BY THE NUMBERS 48.4: Percentage of new immigrants who wanted to settle in Toronto in 2000 30: Percentage of new immigrants who wanted to settle in Toronto in 2012 5.5: Average unemployment rate in Toronto in 2000 9.2: Average unemployment rate in Toronto in 2010 21.3: Percentage of Canadian immigrants that came from China in 2000 12.8: Percentage of Canadian immigrants that came from China in 2010 14: Percentage of Canadian immigrants that arrived from the Philippines in 2010 Source: http://www.montrealgazette.com/News/ottawa/Ottawa+share+immigrants+decline+newcomers+look+Montreal/10902540/story.html

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

http://montrealgazette.com/news/local-news/montreals-economic-stagnation?__lsa=c702-331f Stagnation city: Exploring Montreal's economic decline Peter Hadekel PETER HADEKEL, SPECIAL TO MONTREAL GAZETTE More from Peter Hadekel, Special to Montreal Gazette Published on: January 31, 2015Last Updated: January 31, 2015 7:28 AM EST Prime St-Catherine St. real estate stands vacant in Montreal on Tuesday January 27, 2015. Prime St-Catherine St. real estate stands vacant in Montreal on Tuesday January 27, 2015. John Mahoney / Montreal Gazette The Montreal skyline is dotted with construction cranes as an unprecedented building boom continues to unfold in condo and office construction. On the surface, at least, signs of prosperity abound. But look a little deeper and you’ll see a city that’s slipping behind the rest of the country. Over the last decade, Montreal’s economy grew by an average of just 1.5 per cent — the lowest rate among Canada’s major cities. Personal disposable income is also the lowest among the country’s eight biggest cities, and unemployment is among the highest. The bad news doesn’t stop there. Montreal is living through a period of crumbling infrastructure, widespread corruption, failed governance, inadequate fiscal power, low private investment, an exodus of head offices and an outflow of people. Even the real estate activity that’s dominating private investment in Montreal these days is of some concern to economists. They point out that it’s largely speculative and does little to improve productivity, innovation or the knowledge base of the local economy. We’re starting to see the long-term cost of the city’s economic decline. What if Montreal had simply kept pace with the Canadian average over the last 25 years? A November report from the Institut du Québec, a research group started jointly by the Conference Board of Canada and the HEC Montreal business school, found that if the metropolitan area had grown at the Canadian average since 1987, per capita income would be $2,780 higher today and income for the province as a whole would be up even more. “Despite its strengths and obvious attractions, Montreal suffers from major economic shortcomings compared with Canada’s other large urban areas,” said the report. “It fails to adequately fill its role as driver for the provincial economy.” That role becomes more important in a global economy that relies on cities as engines of growth. We are witnessing intense competition between cities for capital, talent and ideas — a race that risks leaving Montreal behind. Montreal’s economic heyday At the dawn of the 1960s, the case could still be made that Montreal was Canada’s business capital, even though Toronto was gaining fast. A black-and-white snapshot of the city’s economy looked like this: Perched at the top was a thriving financial industry, driven by banks, insurance companies, stock exchanges and investment brokers. The city was home to the head offices of the Bank of Montreal and the Royal Bank of Canada, as well as insurance giant Sun Life. Both the Montreal Stock Exchange and the Canadian Stock Exchange served a large community of brokerage and investment firms. A big part of the picture was a broad network of head offices in Quebec’s natural resource industry. Ste-Catherine St. W. in 1963. Montreal was once the economic capital of Canada. Ste-Catherine St. W. in 1963. Montreal was once the economic capital of Canada. Photo courtesy City of Montreal Archives Farther down the chain were the factories that made Montreal hum: metal and machinery plants, appliance manufacturers and rail-equipment makers, food processors and cigarette plants. The so-called soft sectors of the manufacturing industry were thriving in the days just before Asian imports began. Montreal was Canada’s leader in clothing, textiles, leather and shoes, with the industry providing well over 100,000 jobs. The St-Lawrence Seaway opened up the shipping industry through the Port of Montreal while the city served as headquarters for both Canadian National and Canadian Pacific Railways. In 1962, when world-renowned architect William Zeckendorf completed the stylish Place Ville Marie office tower, it seemed to symbolize a new optimism for Montreal. What followed instead were decades of underperformance in which the city never fulfilled its promise. The head office operations of the Bank of Montreal and the Royal Bank gradually shifted to Toronto to take advantage of that city’s impressive growth as a financial centre. Political tensions over language and the issue of Quebec sovereignty hurt private investment and drove some of the wealthiest and best educated people out of the province. Sun Life left in a huff in 1978 after the Parti Québécois took power for the first time. The Canadian Stock Exchange closed its doors in 1974, while the Montreal Exchange lost increasing trading volumes to its Toronto rival before switching its vocation to financial derivatives. The fancy new airport built in Mirabel didn’t take off as promised, with Toronto becoming the hub for Canadian air travel. At the same time, the city’s aging industrial base felt the first effects of globalization as imports from Asia began to hurt the textile and clothing industry. The Montreal economy tried to reinvent itself and got a boost from free trade in the 1990s. Industries such as aerospace gained in importance thanks to the success of aircraft maker Bomabardier Inc. while investment also picked up in pharmaceuticals and information technology. But as the new millennium began, more negative trends had crept in: offshoring, outsourcing, contracting out. Companies had found new ways to cut costs by sending work to places like China, India and Mexico at a fraction of local wage rates. More industrial plants began to shut their doors. Gazette front page from January 7, 1978. Insurance giant Sun Life left the city for Toronto shortly after the Parti Québécois took power for the first time. Gazette front page from Jan. 7, 1978. Insurance giant Sun Life left the city for Toronto shortly after the Parti Québécois took power for the first time. Gazette file photo Failures along the way Economist Mario Lefebvre, president of the Institut de Développement Urbain du Québec, points to a number of failures along the way. Perhaps the biggest, he says, is Montreal’s inability to adapt its transportation network to the new realities of the global economy. The airport, the port, the rail network and the highway system need to work seamlessly together. “Goods and services are not produced in one place anymore, those days are gone,” he says. “Step one might be in Brazil, step two in Chicago, step three in Montreal and step four in China. To be a player in this kind of environment, goods and services must be able to come in and out of your city quickly. “We have all the means of transportation but the fluidity between them is still very complicated. There are too many decision-makers involved and we end up with projects that are not completed as rapidly as they should be.” The city’s aging industrial base remains vulnerable because it hasn’t closed the productivity gap with other jurisdictions. “We have educated people,” says Lefebvre, “but we haven’t surrounded them with state-of-the-art technology.” The private sector hasn’t done its part to renew the city’s industrial base with new machinery and equipment. And with a low rate of investment in research and development, innovation in Montreal has lagged behind the rest of the country according to measures such as the number of patents per capita. One of the biggest obstacles facing Montreal is its low rate of population growth. Among the country’s eight biggest cities, only Halifax had a lower rate of growth over the last 10 years. Montreal’s population grew at an annual average of one per cent, vs. 1.6 per cent for Toronto and nearly three per cent for Edmonton and Calgary. The low birthrate and the low rate of immigrant attraction explain part of the trend. But perhaps most serious, according to the Conference Board, is that on average more than 16,000 people a year leave the metro area for other parts of Quebec or other provinces and countries. Just holding on to that number of people each year would have added more than 450,000 to the population over the last 30 years. That would have meant more people working, paying taxes and spending money on housing, goods and services. It would have given a real boost to economic growth. So would have a stronger commitment from the provincial government to help Montreal. Lefebvre points out that the Quebec government has been pushing a Plan Nord strategy to develop natural resources in the northern regions, but what Quebec really needs is a Plan Sud that helps Montreal develop its knowledge-based economy. Closed stores on Ste-Catherine St. in Montreal Tuesday January 27, 2015. Closed stores on Ste-Catherine St. in Montreal this month. John Mahoney / Montreal Gazette The payoff would be so much bigger, he argues, not only for the city but also for the province. A dollar of additional economic activity in Montreal generates at least another dollar for the province in spinoffs and benefits. Montreal funds more than half the government’s spending, 53 per cent of provincial GDP and more than 80 per cent of all research and development. Along with a Plan Sud, the government should at last recognize that Montreal needs new tools to manage its economy, Lefebvre says, including new fiscal resources and powers to promote investment, integrate immigrants and train workers. The property tax base has reached the limit of its ability to fund those new services. While such legislation has been promised, it’s not yet clear how much real power will be conferred on Montreal. The federal government has a role to play, too, Lefebvre argues. “I think we wasted an incredible opportunity when the GST was reduced by two percentage points (in 2006). A GST point is worth about $7 billion. If we had given just one point to the cities for infrastructure, that would have meant an extra $50 billion to $60 billion for infrastructure over the last eight years.” Fighting the exodus The city has suffered other blows. One is the decline in the number of head offices that call Montreal home. Between 1999 and 2012 Montreal lost nearly 30 per cent of its head offices, according to an estimate by the Institut du Québec. Toronto suffered a five-per-cent loss as economic weight shifted to Western Canada, but the impact on Montreal was far more painful. “Head office jobs are important for the indirect impact they have,” said Jacques Ménard, president of BMO Financial Group in Quebec. Head offices support a range of activities like legal, financial, accounting and advertising services. They maintain high-quality, high-income jobs and provide the city with a measure of economic influence. Part of the solution is to create more such companies in Montreal in the first place, Ménard says. Quebec is suffering from a deficit in entrepreneurship and can’t expect to replace these corporate losses without growing new success stories. “If you look at a company like Stingray Digital, it didn’t even exist seven years ago. It’s now in 110 countries,” Ménard says about the Montreal-based provider of digital music services. “I’m on the board of directors and I have seen the company grow to where it now has 200 high-paying jobs in its headquarters.” Along with the head-office challenge, Montreal is looking to become a more international place to do business, taking advantage of its multilingual and multicultural assets and its potential position as a gateway to the Americas for European and Asian trade and investment. Construction continues around the Bell Centre in Montreal Tuesday January 27, 2015. Construction continues around the Bell Centre in Montreal Tuesday January 27, 2015. John Mahoney / Montreal Gazette European firms already have a significant presence here and now “there is a ton of money looking to leave Asia for investment diversification,” says Dominique Anglade, who heads the economic development agency Montreal International. Asian money represents a big potential opportunity for the city as it tries to sell itself internationally and attract both investors and professionals from abroad. People are eager to come here, she insists. “We had 300 openings on the last recruiting mission we did in Europe and for those openings there were 13,000 applicants. There’s a phenomenal attraction power, especially for workers who are educated.” Still, it’s not easy for companies and professionals to move here. Companies are often deterred by the weight of regulation and red tape in Quebec while professionals face barriers such as the recognition of their credentials or concerns about French-language requirements and schooling. When 50 top executives were interviewed last year by the Boston Consulting Group on the challenges facing Montreal, several said that the emphasis on French in the immigrant selection process restricts the pool of talent on which Montreal can draw. They argued it would be better to cast the net wider and invest more in French language promotion rather than in defensive measures. Digging ourselves out At Ménard’s request, the Boston Consulting Group looked at the experience of other cities that suffered economic difficulties and how they managed to turn around. The report focused on cities such as Pittsburgh and Philadelphia in the U.S., Manchester in Britain and Melbourne in Australia. All have made impressive comebacks, owing largely to two common factors: a high degree of citizen engagement and a focus on infrastructure projects that have made those cites better places in which to live and work. RELATED Two Montrealers helping breathe new life into city's economy It’s one reason Ménard launched his Je vois Montreal initiative last fall in an effort to get citizens rather than governments engaged in the process of building a better Montreal. “We’ve had so much of the top-down approach — ‘We know what’s good for you,’ ” he says. “Yes there is a role for governments, but communities really thrive when citizens take ownership of their future.” Je vois Montreal has launched more than 100 projects to get the city moving again. While they are not heavy on investment or job creation, they do herald a significant change in the mindset of many Montrealers who are simply fed up with the status quo sent via Tapatalk

Selons U.S. News and World Report http://www.montrealgazette.com/travel/RitzCarlton+Montreal+tops+list+luxury+Canadian+hotels+second+time/10764461/story.html Ritz-Carlton in Montreal tops list of luxury Canadian hotels for second time The Canadian Press | 01.26.2015​ U.S. News and World Report has ranked Montreal's Ritz-Carlton for the second year in a row as the best hotel in Canada, citing its stylish decor and amenities including a greenhouse and a French restaurant from celebrity chef Daniel Boulud. Rosewood Hotel Georgia in Vancouver, which features an indoor saltwater pool and multiple dining options, was ranked No. 2, followed by the Trump International Hotel and Tower, 65 storeys high, in downtown Toronto. Properties in Vancouver, Toronto and Montreal took eight of the 10 spots in the American publication's 2015 list of top Canadian luxury hotels. Included in the ranking were Fairmont Pacific Rim and Loden Hotel, both in Vancouver; Four Seasons Hotel and Ritz-Carlton, both in Toronto; and Hotel Le St-James in Montreal. Outside the three big cities, Auberge Saint-Antoine in Quebec City and Sonora Resort on B.C.'s Sonora Island also made the cut. U.S. News and World Report said the 10 hotels "persistently wow travellers" with upscale amenities, top-notch service and "a sense of individuality." Visitor reviews and expert opinions were among factors used to compile the list, it said.

https://www.onf.ca/film/helicopter_canada Il y a quelques belles vues de Montréal (29:10) Quelques captures:

Bay Street still has Canada’s most expensive office space http://renx.ca/bay-street-still-canadas-expensive-office-space/ Bay Street in Toronto has the most expensive office space in Canada, and no other city comes close to matching the $68.52 per square foot average rent that’s being asked for in the heart of the country’s financial district. JLL Canada recently released its “Most Expensive Streets for Office Space” report, which ranks Canadian cities by their highest asking rents. It shows many companies are still willing to pay a premium for the most expensive spaces, and competition is growing to get into prominent financial, retail and government hubs. “The most significant trend that we are seeing across major markets is that there are a large number of new developments underway,” said JLL Canada president Brett Miller. “Although we have only seen minor changes to the top market rents thus far in 2014, we anticipate that as the new inventory comes to market, overall rents will decrease in the older class-A stock whilst headline rents in new developments may raise the top line rents.” Here are the most expensive streets in nine major Canadian cities 1. Bay Street, Toronto, $68.52 per square foot Bay Street held strong in first place for the fourth year running. It features the headquarters of major Canadian banks and is home to many investment banks, accounting and law firms. Brookfield Place, at 161 Bay St., continues to command the highest office rents of any building in Canada at $76.54 per square foot. The average market rent in Toronto is $34.82 per square foot. (Bay St. looking north from Front St. shown in the image,) 2. 8th Avenue SW, Calgary, $59.06 per square foot 8th Avenue SW again has the highest average gross office rents in Calgary. Large vacancies and availabilities along this corridor typically account for significant activity and command market-leading rates. Large oil and gas companies have historically clustered around the central business district in this area. The top rent on the street is $64.40 per square foot and the average market rent in Calgary is $46 per square foot. 3. Burrard Street, Vancouver, $58.87 per square foot Burrard Street has dropped to third place despite a slight increase in average asking rent from $58.47 in 2013. Approximately 18.3 per cent of downtown class-A office supply is located on Burrard Street between West Georgia Street and Canada Place. The vacancy rate in these six buildings sits at 1.6 per cent, which justifies this location commanding some of the highest rental rates in the city despite the impending influx of new supply that’s putting downward pressure on rents throughout the central business district. The top rent on the street is $66.06 per square foot and the average market rent in Vancouver is $38.81 per square foot. 4. Albert Street, Ottawa, $52.10 per square foot Albert Street remained in fourth position with average rents decreasing slightly from $53.40 per square foot. Albert Street is mainly home to government-related office towers, including numerous foreign embassies, and a few of the largest Canadian business law firms. There seems to be a wait-and-see approach in anticipation of the 2015 federal election regarding the government’s intentions to lease or return more space to the market. The top rent on the street is $53.54 per square foot and the average market rent in Ottawa is $30.90 per square foot. 5. 101st Street NW, Edmonton, $46.71 per square foot The average asking rent dropped from $48.19 per square foot, but 101st Street NW is expected to remain the most expensive in Edmonton with the recent commitment to build the arena district, a large-scale, mixed-use project incorporating the city’s new National Hockey League arena. This is expected to revitalize some of the most important corners on the street. The top rent on the street is $54.15 per square foot and the average market rent in Edmonton is $28.30 per square foot. 6. René-Lévesque W, Montreal, $44.28 per square foot The average gross rent on the street hasn’t changed significantly year over year, but the total value of tenant inducement packages has nearly doubled. The most expensive building on the street (1250 René-Lévesque W) rents for $52.76 per square foot but has seen some downward pressure of two to four dollars on its net rent due to 170,000 square feet of vacant space left behind by Heenan Blaikie. The average market rent in Montreal is $30.38 per square foot. 7. Upper Water Street, Halifax, $36.42 per square foot Upper Water Street has maintained seventh place despite its average asking rent dropping from $36.65 per square foot last year. New construction coming on stream is expected to put downward pressure on rents in existing office buildings. The top rent on the street is $36.62 per square foot and the average market rent in Halifax is $27.44 per square foot. 8. Portage Avenue, Winnipeg, $35.67 per square foot Portage Avenue held strong in eighth place, with its average rent increasing from $35.17 per square foot. The class-A market remains tight and is expected to remain so through 2015. The top rent on the street is $37.32 per square foot and the average market rent in Winnipeg is $23.62 per square foot. 9. Laurier Boulevard, Québec City, $27.50 per square foot Laurier Boulevard held its ninth-place position despite the average rent dropping from $28.14 per square foot. There’s been no notable increase in the average gross rent and the vacancy rate on the street remains low at 5.2 per cent compared to the rest of the market’s 7.8 per cent. The top rent on the street is $28.98 per square foot and the average market rent in Québec City is $21.89 per square foot. JLL manages more than 50 million square feet of facilities across Canada and offers tenant and landlord representation, project and development services, investment sales, advisory and appraisal services, debt capital markets and integrated facilities management services to owners and tenants.

(Courtesy of BIDNESS ETC)

via Architectural Digest : True North With its magnetic mix of rugged individualism and European flair, Montreal exudes an irresistible French-Canadian joie de vivre Text by Mitchell Owens Tourists and travel guides often tout Montreal asa North American version of Paris. Pas vrai. Though the two cities’ abundant historic façades are predominantly limestone, Montreal’s are ash-gray, a rough-hewn contrast to Paris’s soufflé-gold luminosity. As for their all-important food scenes, Montreal’s muscular, hearty cuisine offers a robust counterpoint to the French capital’s refined traditions. And while the Québécois vernacular may have a sharper twang than what is spoken in France today, it’s actually more closely connected to French’s roots. Melissa Auf der Maur, the Montreal-born former guitarist for Hole and Smashing Pumpkins, once dismissed the provincial tongue as “hillbilly French”—only to have her mother, literary translator Linda Gaboriau, defend it as “the original French, the French of the kings.” In an increasingly globalized world, Montreal venerates its deep-seated local culture. French colonists settled Quebec in the early 1600s, and their descendants have never forgotten that intrepid foray, hence the province’s enduring separatist movement and its motto, Je me souviens—“I remember,” rendered pointedly en français. As Los Angeles–based AD100 architect Richard Landry, a University of Montreal alumnus, explains, “When you see those words on every license plate, it’s hard not to think about the patrimoine all the time.” Indeed, this city of 1.7 million, set on an island at the confluence of the St. Lawrence and Ottawa rivers, is infused with a pioneer spirit and an unpretentious pride in the homegrown. Cuisine is integral to this rich heritage—and a major reason Montreal remains a compelling destination long after summer’s festivals (most famously the International Jazz Festival) and carnivals have ended. “Montrealers reportedly spend more of their disposable income on eating out than on anything else,” says Andrew Torriani, the CEO and co-owner of the Ritz-Carlton Montréal hotel, a 1912 Beaux Arts landmark graced by the impeccable Maison Boulud restaurant, where executive chef Riccardo Bertolino plates suave international fare. The city is well-known for poutine, a tangle of frîtes topped with cheese curds and gravy. Auf der Maur swears by the version at Patati Patata (514-844-0216), a microscopic café close to Mount Royal Park, a 494-acre oasis designed by Frederick Law Olmsted. Diners craving more sophisticated menus can head to chef Normand Laprise’s hushed Toqué!, opposite the glittering business district’s colorful Palais des Congrès convention center and around the corner from the sleek W Montréal hotel. Chef-owners Hubert Marsolais and Claude Pelletier’s surf-and-turf mecca, Le Club Chasse et Pêche, on the other hand, is set amid the colonial gray-stone buildings of Old Montreal. Marsolais and Pelletier also collaborate with chef Michele Mercuri on the Italian-inflected brasserie Le Serpent, at the Ville-Marie arrondissement’s visual-arts center Fonderie Darling. Last year in the working-class Little Burgundy section—not far from the Old Port, where warehouses have been turned into cafés and inns, like the lofty Auberge du Vieux-Port hotel—chef-restaurateurs David McMillan and Frédéric Morin opened Le Vin Papillon, a charming wine bar. The new boîte is on the same block as the celebrated pair’s Liverpool House, a bistro with antler-bedecked walls, and Joe Beef, a tchotchke-filled gastropub that was recently ranked as Canada’s top restaurant, thanks to its lively confections like parfait of foie gras with Madeira jelly. Other daring chefs invigorating the city’s scene include François Nadon of the Latin Quarter’s Bouillon Bilk and Guillaume Cantin at Old Montreal’s Les 400 Coups. The city has a riveting collection of locally designed architecture as well. Starting with Moshe Safdie and his 1967 Habitat housing complex, a number of Canadian and Québécois talents have produced notable contemporary projects, including those in the Quartier des Spectacles, a network of performance halls, restaurants, galleries, fountains, and squares in the Latin Quarter. One of the district’s stars is the Grande Bibliothèque, a joint venture between Croft-Pelletier Architectes and Gilles Guité, both of Quebec City, and Vancouver’s Patkau Architects. The green-glass behemoth, containing multistory rooms walled with yellow-birch louvers, was hailed as “simple but wonderful” by Phyllis Lambert, Montreal’s architecture doyenne. The same could be said of Lambert’s own Canadian Centre for Architecture, which occupies an elegant 1989 building attached to a historic mansion in the Shaughnessy Village neighborhood. (The city does have a few outsider icons, namely Ludwig Mies van der Rohe’s 1967 Westmount Square mixed-used complex, I. M. Pei’s 1962 Place Ville Marie skyscraper, and Roger Taillibert’s futuristic Olympic Stadium, a 1976 structure Landry calls “a very, very cool white elephant.”) Québécois art offers major-league delights, too. The works of powerhouse midcentury geometric painters Claude Tousignant and Guido Molinari are highlighted at the multivenue Montreal Museum of Fine Arts. And things are only looking up for current local talents, according to Lesley Johnstone, a curator at the Musée d’Art Contemporain de Montréal, which hosts the Montreal Biennial from October 22, 2014, to January 4, 2015. “Today the wealthy younger crowd whose families supported hospitals and the symphony are focusing on Canadian artists,” she observes. Among this new generation are Anne-Marie and Pierre Trahan, the maestros behind the two-year-old Arsenal Montréal, a contemporary art complex housed in a former shipyard in the Griffintown neighborhood. The 83,000-square-foot space is also home to the couple’s Division Gallery, which focuses on domestic talents such as multidisciplinary artists Nicolas Baier and Bonnie Baxter. After taking in Arsenal’s exhibitions, one can visit another Griffin-town magnet, a stretch of rue Notre-Dame Ouest known as Antiques Alley, where cafés alternate with treasure troves like Milord Antiquités and Antiquités L’Ecuyer (514-932-8461). Stylish Montrealers also dress Canadian, heading to Boutique Unicorn and Philippe Dubuc for fashions by their compatriots, while apparel star Marie Saint Pierre operates an eponymous flagship in downtown’s Golden Square Mile area. Boho-chic women—including Sharon Johnston, the wife of Canada’s governor general—step out in fascinatingly funky jewelry that designer Charlotte Hosten makes in her tiny appointment-only Mile End atelier. And at nearby Clark Street Mercantile, the brands primarily come from far beyond the province but share an earthy authenticity that feels absolutely Canadian. It’s a quality worth keeping in mind when exploring a city where roots and remembrance are everything. See more of Montreal's can't-miss destinations.

Un extrait d'une dissertation très approfondie sur l'humour. August 2008 page 120 Least funny city: Seattle. It's rainy, progressive, and almost kind of European, it's Norway on the Pacific... Funniest city: Montreal. Every summer, our favorite anglophobic metropolis to the North plays host to the biggest, best comedy festival in North America. Drink potent Canadian beer while catching the late-night stars of tomorrow... Maudit que j'les haillis les américains! S't'une joke, lol...

Watch the video clip here: http://watch.thecomedynetwork.ca/#clip875315 The Daily Show: Canada's Maple Syrup 'Cartel' A Hazard On U.S.'s Northern Border The Daily Show turned its attention to last year’s great Canadian maple syrup heist Thursday night, expressing what was probably genuine surprise at learning that, yes, Canada has a maple syrup cartel. Correspondent Jason Jones began the segment with an interview with Canadian Business reporter Tim Shufelt, who was seated silhouetted in a darkened room as if he were an anonymous source. “Globally, the industry is worth about $400 million and the cartel accounts for about three-quarters of that production,” Shufelt told a seemingly alarmed Jones. At this point, Jones learned Shufelt was talking about maple syrup. “Can we put the f**king lights on?” Jones asked an off-screen producer. Watch the clip at the Comedy Network website. A barrel of maple syrup, Shufelt told Jones, has a market value that is almost 20 times the value of a barrel of crude oil. http://www.huffingtonpost.ca/2013/03/01/daily-show-strategic-maple-syrup-reserve_n_2792194.html?utm_hp_ref=canada-business

Expos gone, baseball alive in Montreal Aspiring baseball players and history keep sport going By Stephen Ellsesser / Special to MLB.com MONTRÉAL -- On a Sunday morning, the corridor between Pie IX Station and Olympic Stadium is almost completely deserted. Based on some of the crowds that came out to the Big O in 2004, the final season for Major League Baseball in Quebec, it almost seems the Expos never left. After touring Olympic Stadium, it's almost as if they were never there. Montréal, the world's most truly bilingual city, is known for its tolerance, but Stade Olympique may have walked away from the Expo-dus with hard feelings. Baseball in Canada's Sin City existed long before the Expos became the Washington Nationals, and today it lives on in many different forms, some nearby and some farther away, but hardly any of it at Olympic. A catcher, a piece of meat and a glorified Muppet form an interesting picture of the ville's offerings to the sport. Catcher Russell Martin is bringing back Dodger Blue to Montréal, giving the city another Major Leaguer to support, along with Eric Gagne, who won a National League Cy Young Award with the Dodgers, but now comes out of the bullpen for the Red Sox. Both played for the same high school, and both are among the greatest offerings to come from Baseball Quebec's feeder system, which remains strong, according to Gilles Taillon, the group's administrative director. "The actual departure of the Expos had no impact whatsoever," Taillon said. "The major impact was in 1995-97, when the Expos got rid of a championship team. We experienced a decrease in our membership mainly due to the bad publicity that baseball was getting in the media." In 1994, the strike-suspended season clipped an Expos club that was cruising along, on pace to win 105 games. The ensuing firesale disenchanted the fan base. The team parted with Marquis Grissom, Larry Walker, Delino DeShields and John Wetteland after the year, and the foundation began to crumble. By the time the Expos rolled into their final season, Montréal had lost all momentum, not to mention a considerable amount of local interest. After the Expos' fate was sealed, there was no last-minute spike of support. For the opener of the final series at the Big O, a crowd of 3,923 watched the home team fall to the Florida Marlins. The worst part? That was only the fifth-smallest turnout of the year. Yikes. "You really can't blame them with some of the decisions that were made," said former third baseman Tim Wallach of the fans who stayed away. "When fans follow guys and they have no chance of staying when it's time for them to get paid, that turns people off." The Expos succumbed to a combination of economic factors, all of which, Wallach said, slowly took hold after original owner Charles Bronfman sold the team in 1991. "I feel bad because there were a lot of people who loved that team," said Wallach, who played for the Expos from 1980-92. "It was good, and it should have been good for a long time. But it went bad, and now it will never be there again." Martin remembers fondly the Expos and their days north of the border. "It was different for me because I loved baseball," he said. "I could care less how big the stadium was or how many fans were there, as long as I was at the stadium. I grew up going to that stadium and watching the Expos, so that was a big thing." Montréal, with a metro-area population of 3.6 million, is large enough to support an MLB club, but what the area baseball community is most focused on is starting smaller. "For MLB to come back, it would have to go through the Minor League route first," Taillon said. "At this point in time, efforts are being made to bring a Can-Am League team in." The Can-Am League is an independent league composed of eight U.S.- based teams, one road team and one Canadian club, based in provincial capital Québec City. "It would be nice to see baseball back up there, but they would have to give it a better venue, a smaller stadium and more fan-friendly activities," Martin said. As for the piece of meat, sometimes life is stranger than fiction. On eBay, someone (Cirque du Soleil's founder, interestingly enough) paid $2,605 Canadian for what was billed as "The Last Hot Dog of the Expos," which was -- as one might expect -- a hot dog, which was almost a month old at the time of sale. All of a sudden the $2,100 sale price of Montreal-Expos.com looks like a bargain. "It was different there because there wasn't that many fans that loved baseball," Martin said. "But those that did love baseball, they were always at the stadium." Indeed. Nothing says loving quite like a thousand-dollar piece of processed meat. But the apocalypse is not upon us yet ... proceeds went to charity. Ignoring any discussions of shelf life, the Expo with the most staying power has been mascot Youppi!, who joined the rotation at Bell Centre, home of the Canadiens, Montréal's hallowed NHL franchise. Youppi! hit the ice just more than a year after his team's departure put him out of work. His presence, along with that of a banner honoring the Expos' 1969-2004 existence and the team's retired numbers, makes Nos Amours more visible there than at the Big O. The luxury condos that stand where Labatt Park -- the proposed downtown stadium that would have helped the franchise stay put -- would have been built are only a couple blocks away from Bell Centre, so it almost makes sense for it to feel closer to home. Where the sport thrives, however, is in Baseball Québec's tight infrastructure. The organization emphasizes getting kids involved early through two main programs, Rally Cap and Winterball, which is sponsored by MLB. In Rally Cap, players ages 4-7 are taught skills and techniques, being evaluated as they meet different performance targets. With each level advanced, they get a new hat of a different color. "Winterball," Taillon said, "is designed to provide gym teachers with plans to initiate students in grades 3, 4 and 5 to baseball." Prospective players are evaluated for Baseball Québec's high-performance leagues between ages 14 and 15. From there, it is Midget AAA and the Ailes du Québec program, the province's U17 team. Those who continue play in the ABC program in the fall and winter and the Elite League in the summer. Players at this level are at the top of their game, and many are either drafted or signed to play college baseball in the United States. Martin and Gagné are veterans of the ABC program. One player hoping to follow in their footsteps is James Lavinskas, a 20-year-old third baseman for the Montréal Elites, one of the only shows in town for baseball fans. A three-sport star in football, baseball and hockey at a Connecticut prep school, Lavinskas came up through the Elite League's feeder programs, and now he is heading to the United States for college ball. Lavinskas will play for Seminole State College in Oklahoma, following once again in Gagné's footsteps. "Guys are getting drafted every year," Lavinskas said, summing up his hopes after moving on from the Elite League. With Baseball Québec's work, the sport's foundation in Montréal is stabilizing, with or without Olympic Stadium's help. Aside from a single postcard and one or two minutes of a 30-minute tour, baseball's only other fingerprint on the facility stands right out front, a statue of Jackie Robinson. After signing Robinson, Branch Rickey sent him to Triple-A Montréal. On the road, Robinson was jeered just as he would be when he was promoted, but in Montréal, fans loved their star second baseman. Robinson batted .349 with the Triple-A Royals that season, leading the team to a 100-win season. During Robinson's final game with the team, fans gave him a standing ovation, and a second curtain call, amazing support for a black athlete in 1946. "The fans just chased him after the game because they loved him and didn't want him to go," Canadian Baseball Hall of Fame president and CEO Tom Valcke said. "Rachel Robinson once said, 'That must have been one of the first times a white mob was chasing a black man for a good reason.' Don't tell me Montréal has bad baseball fans. They've always been great." Even if baseball did not live on at Olympic Stadium, at least baseball left a marker of tolerance in its place, and that is worth more than a hall of jerseys and signed balls. Stephen Ellsesser is a contributor to MLB.com. Associate reporter Jayson Addcox contributed to this report. This story was not subject to the approval of Major League Baseball or its clubs. A ballpark that never was MONTREAL -- Labatt Park has had two deaths -- not bad for something that never actually existed. Condos now stand where the downtown park would have been built, and after the project was canned, the model of the park was passed to the Canadian Baseball Hall of Fame and Museum. On one truly unlucky night in the Hall's archives, the model also met its destruction. "They just destroyed it, the two very troubled young men," said president and CEO Tom Valcke, recalling a day he said literally brought tears to his eyes. "It could have been a stagecoach or an old ping-pong table, but they wanted to destroy whatever got in their way that night." The 12-by-12 model, too large to be a regular fixture at the St. Marys, Ontario, museum, was in storage. Although a smaller Labatt Park model exists, the larger one (valued at $80,000 Canadian) was a sight to behold. "It was something -- one of the showstoppers in our collection," said Tom Valcke, director and CEO of the Hall. "I've never seen anything else like it, nothing before and nothing since. The detail -- individual seats, trees, all the concession stands -- it was beautiful." The model made an initial showing at the Hall, then Valcke put it away until a proper space could be created for it. Less than a month after the Expos franchise began its new life at RFK Stadium, two teenagers broke into the building where the model was kept and destroyed it, adding a bizarre and somewhat ironic twist to the life of the park that never was and never would be. Valcke said the Hall kept the pieces and that it could be reassembled, but that the task would be daunting and that it would be difficult to recapture the piece's original majesty. "We kept every single splinter of it," he said. -- Stephen Ellsesser

http://sustainablecitiescollective.com/city-life/324311/montreal-je-tadore Montréal, je t'adore 10 years ago, I went to Montreal for the first time on a whim. I was 20 years old, living in Ottawa and working for the Canadian government when I had just found out that my mother had breast cancer. Right after I received this upsetting news, a French Canadian guy - who I’d only met a few weeks earlier - invited me to hang out with him in Montreal. I was in such an emotional state that I decided to risk it and go spend time with someone I barely knew and have him show me his city. From that day forward, I fell madly in love with Montreal (not the boy, though - we remained friends and thankfully my mom recovered from cancer shortly after). I have gone back every few years since then, including spending three weeks in a French immersion program, just a few years after my first visit. When I returned to the city last week with my husband and son, I was reminded why I love Montreal. Here are my ten favourite things - in no particular order - about North America’s coolest city. Bikes - Montreal was one of the first cities in North America to establish a public bike sharing system with its Bixi bikes. The system was launched on May 12, 2009, and currently has 450 stations around Montreal’s central core. The city has embraced bike lanes and bike infrastructure ever since. It’s King/de la Commune station, with 110 docking points, is the biggest bike sharing station in North America. You will find people of all ages and backgrounds on bikes…like this guy:image Street art - Montreal is home to many talented street artists - and it shows, especially around the Plateau/Mont Royal area, which is bursting with colourful, impressive street murals. The city supports these artists through the recently launched MURAL festival. It is a free art festival that aims to celebrate urban art and graffiti painting, sculpture and installations, dance, music, film, and performance. The second edition took place in June on the famous Boulevard Saint-Laurent. Each festival brings new street murals to the neighbourhood. I could write a whole post on Montreal street art (and I probably will).image Advanced walk signals - In some Montreal intersections, pedestrians actually get to proceed on a green light BEFORE cars! A brilliant show of respect for people and a great way to promote safe walkable cities. Babies - I noticed everyone loves babies in Montreal. In Vancouver, people without children tend to avoid eye contact with me/pretend I don’t exist. In Montreal, everyone smiles and wants to help you when you have a child- from grandmas to young male hipsters. In all of the restaurants we went to, people never seemed to mind if my son was fussy or needed tending to. One male server even offered to watch him while my husband and I shopped on St.Denis Street. I’m pretty sure he was joking, but he mentioned that he also has children (and he was under 30). Maybe it is because Quebec’s fertility rate is higher than the Canadian average, but there appeared to be a lot of young families there. Public spaces - Montreal has many fun, creative public spaces - parklets, green laneways, urban forests, public swings, and as I mentioned before, spectacular street art. Here is a shipping container converted into a pleasant seating area:image Festivals and Culture - I remember when I was staying in Montreal for a French immersion program, it was July and the streets were constantly being closed off for some big party, complete with concerts, fireworks, outdoor movies, fashion shows, drum circles and more - Tam Tam at Mont Royal, The Indy, The Festival du Mode et Design, The Comedy Festival, The Festival du Jazz. Of course at the time I found this amazing, because festivals of this scale were so rare in my hometown of Vancouver. We may finally be catching up, but nobody throws a party like Montreal. Whimsy - When I walk around Montreal, I don’t see a city of monotonous glass towers. There are little bits of whimsy all around, like purple accents on heritage buildings, a bold red staircase on a rowhome, street trees made of ribbon, amusing murals, and even garbage cans made to look like maple syrup containers. Montrealers definitely have a sense of fun.image Mid rise buildings/row homes - You can walk down some streets in Montreal and forget you are in a city. I loved getting off the main roads and finding myself on a quiet street surrounded by lush trees and row homes, very much like New York. The city also seems to prefer mid-rise buildings to high-rise towers. Bilingualism and Multiculturalism: Montreal is one of the rare cities where people speak two languages - French and English - and that is a beautiful thing. To be able to walk into a store or restaurant and have the option of being served in French, English, or a bit of both, is a treat for me as I continue to work on improving my French skills. The city is also home to many different ethnicities - from Portuguese to Chinese to Italian and Haitian. On my last visit, I loved spending time in Little Portugal on upper St Laurent St, where I bought a lucky Portuguese rooster and ate an enormous roast chicken sandwich and egg tart. Style: Many Canadian clothing brands got their start in Montreal, such as Jacob and Le Chateau, and the city is home to several clothing designers and manufacturers. Montrealers have a sense of style that is bold and eclectic. This makes for great shopping (especially around the Mont Royal area) and people watching. As one Montrealer states: In Montreal, dressing in what makes you feel awesome and sexy, no matter how outlandish, is just a normal part of life. Thinking of cutting off the arms of an old fur coat and wearing them as legwarmers? Great idea! Want to max out the use of your Dracula Halloween costume by rocking a floor-length cape year-round? By all means, please do! You can understand why Cirque du Soleil had to come from Quebec and nowhere else. Walkable. Bikeable. Hip. Fun. Stylish. Edgy. If I haven’t already convinced you of Montreal’s effortless cool and fun-loving ways, you should go and see for yourself why it’s one of the best cities in the world.

Insurance giant wants to build Canadian operations with Standard's Quebec assets CBC News Posted: Sep 03, 2014 5:13 PM ET Last Updated: Sep 03, 2014 6:45 PM ET Manulife Financial Corp. says its life insurance division is buying the Canadian-based assets of Standard Life Plc for $4 billion in cash. The deal combines Manulife, one of the largest life insurance companies in the world with 84,000 employees, and Standard Life Canada, this country's fifth-largest insurer with 2,000 employees. "Several months ago, Standard Life decided to explore the sale of its Canadian operations through a competitive process," Manulife CEO Donald A. Guloien said. "We are delighted to be named the successful bidder." Standard Life provides long term savings, investment and insurance products to about 1.4 million Canadians, with $52 billion of assets under management. Manulife said it was particularly keen to acquire Standard Life’s Quebec assets. "One of the key reasons we were interested in this company is its people in Quebec. We want to increase our presence in the province and use the very talented employee base to grow and expand our business in Quebec, throughout Canada and indeed the world,” Guloien said in a statement announcing the deal late Wednesday. Caisse contributes to deal Manulife plans to pay for the deal with a combination of a public offering, a private placement, internal resources and possible future debt, it said. Later in the day, the Caisse de dépôt et placement du Québec, the Quebec provincial pension fund investment arm, announced a $500‑million equity investment in Manulife Financial to contribute to the financing of the acquisition. Manulife and Standard Life have previously collaborated in distributing investment products around the world, through a relationship between Standard Life Investments and John Hancock. Manulife said it would take 18 to 24 months to consolidate the new operations and it did not foresee any job losses in the near future. The company expects the deal to add three cents to its earnings per share every year over each of the next three years and to build earnings capacity beyond the 2016 core earnings target of $4 billion. The deal closes in the first quarter of next year, pending regulatory approval. http://www.cbc.ca/news/business/manulife-buys-standard-life-s-canadian-assets-for-4b-1.2754776

http://www.montrealgazette.com/business/Obituary+David+Azrieli+touched+many+parts+society/10014707/story.html By Paul Delean, THE GAZETTE European-born David Azrieli, who fled the Nazis as a teenager, fought in the 1948 Arab-Israeli war and then found fortune in Canada, died Wednesday at age 92. According to Forbes magazine, the Montreal-based real-estate developer and businessman was one of the richest Canadians with an estimated worth of $3.1 billion. He also was one of the most generous, contributing more than $100 million to philanthropic causes around the world, many of them in the fields of medical research, education and the arts. “It’s a great loss,” said Susan Laxer, president of local Jewish organization Federation CJA. “He literally changed the landscape in Israel with his office towers and architecture, and with his philanthropy, he touched many parts of our society and community. Through his legacy, he’ll continue to touch the lives of many people.” Norma Joseph, professor of religion and associate-director of the Azrieli Institute of Israel Studies at Concordia University, described him as “a formidable person, very strong-minded. And he used his mind for a wonderful vision of community and building.” The institute got its start in 2011 with funding provided by the family foundation, “but he did more than give money. He also gave his personal time and effort,” Joseph said. Born into a Jewish family in Poland, Azrieli escaped ahead of the Nazi occupation and kept moving, winding up in British Mandate Palestine in 1942. He studied architecture at Technion-Israel Institute of Technology and fought in Israel’s war of independence before settling in Canada in 1954. In a rare 1973 interview with the Montreal Star, he said he arrived here with no family connections and “literally, penniless.” “Nobody gave me anything,” he said. After earning a Bachelor of Arts degree from the Université de Montréal and working at a number of jobs, he had enough saved for his first solo project in 1957, construction of four duplexes on vacant lots he purchased in Ville D’Anjou. It was the start of a real-estate juggernaut that would eventually include thousands of apartment units, office buildings and shopping centres in Canada, the U.S. and Israel. Among his local holdings is the downtown Dominion Square Building housing The Gazette, acquired for $78.25 million in 2005, and the Sofitel Hotel. The Azrieli Group also held interests in companies active in the fields of energy, water and finance. He remained its chairman until last week when daughter Danna succeeded him, a move prompted by his medical condition. A sometimes controversial figure, Azrieli made headlines in the 1970s when he razed the former Van Horne Mansion on Sherbrooke St. and erected a 17-storey office tower on the site. In 1984, he sued The Gazette for libel over an editorial about a local development, but lost. “From the times of the pyramids to those of the skyscrapers, the works of architects and builders have been monuments to their glory or to their shame,” Superior Court Judge Paul Reeves said. “They build before the public eye and the public rightfully says whether it likes or dislikes what it sees.” In his later years, Azrieli split his residency between Israel and Westmount. “I have two homelands,” he once said, “two places that I love and where I have been blessed to do what I love best.” Active in and supportive of Jewish causes throughout his lifetime, he served as president of the Canadian Zionist Federation and in 2008 authored a book called Rekindling the Torch: The Story of Canadian Zionism, which told the story of the contribution of Canadian Jews and non-Jews to establishment of the state of Israel and their continuing support for the country. He also made Holocaust remembrance a personal crusade after it took from him two siblings and both parents. “This is my vision, to be able to use the tangible rewards of my career in building and construction to create a legacy for education and educational institutions in both of my homelands,” he said. A recipient of the Order of Canada, Azrieli also was a “chevalier” of the Ordre National du Québec. Married for 57 years to Stephanie Lefcort, he had four children: Rafael, Sharon, Naomi and Danna. He died surrounded by family at his country home in Ivry-sur-le-Lac, Que. pdelean@montrealgazette.com

http://www.montrealgazette.com/business/independent+Quebec+might+benefit+from+currency+report/9637904/story.html An independent Quebec might benefit from its own currency: report Parti Québécois leader Pauline Marois said an independent Quebec would accept the loonie, along with Canadian monetary policy, and consider asking for a seat at the Bank of Canada. Photograph by: Jonathan Hayward , THE CANADIAN PRESS An independent Quebec might be better off with its own currency rather than following Parti Québécois leader Pauline Marois’s suggestion that it keep the Canadian dollar, a report says. A Quebec currency and separate monetary policy could bring “potential benefits” in the long term to Quebec, Paul Ashworth and David Madani of Capital Economics said in a research report. “The basic problem Quebec faces is that it is a manufacturing-orientated province tied to the resource-rich provinces in the west. The energy boom has boosted the economic performance of those western provinces, saddling Quebec’s manufacturers with a high exchange rate and higher than needed interest rates.” A Quebec currency would presumably depreciate against the Canadian and U.S. dollars, particularly if interest rates were lower than the rest of Canada. The resulting boost to Quebec competitiveness should trigger a rise in exports and a reduction in imports, the report said. But a referendum on separation would have negative consequences — including on investments in Quebec and higher yields on Quebec provincial debt — while a new Quebec currency would bring additional challenges, the economists noted. “If the Quebec currency depreciated in value against the Canadian dollar, then it would make it harder for the new government to repay any debt still denominated in Canadian dollars. The same goes for Quebec households and businesses that had borrowed Canadian dollars.” Separation would bring the loss of equalization payments — $9.3 billion this year, equivalent to about 2.5 per cent of Quebec GDP — while contending with higher debt servicing costs. “The bigger problem is the legacy of provincial debt, equivalent to 49 per cent of Quebec GDP. Assuming that an independent Quebec assumed responsibility for a per capita share of federal debt, too, we estimate that its overall debt burden would rise to 89 per cent of GDP. Under those circumstances, Quebec might find its borrowing costs rising, which would only add to the budget deficit and, in conjunction with the loss of equalization payments, force the new government into a sizable fiscal consolidation. “The risk of default would also be greater if an independent Quebec allowed the Bank of Canada to control monetary policy, since it couldn’t resort to printing more currency.” On the campaign trail last week, Marois said an independent Quebec would accept the loonie, along with Canadian monetary policy, and consider asking for a seat at the Bank of Canada. Her comments sparked discussion over the economic costs of sovereignty even though polls show support for independence running well below 50 per cent. Capital Economics, known for its bearish views of the Canadian housing market, weighed in on Wednesday. “Politicians who are striving for independence, whether it is in Scotland or Quebec, know that talk of adopting a new currency makes the electorate very nervous, so they have a tendency to argue that the new sovereign state would be able to keep its existing monetary arrangements,” the economists wrote. In any event, Quebec should be looking to adopt a looser monetary policy than the rest of Canada, the report’s authors said. “The evidence is overwhelming that interest rates should be set lower in Quebec, to provide more support to the depressed economy.”