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Restaurant Hélène-de-Champlain - 16M$
un sujet a posté ErickMontreal dans Projets oubliés et/ou en suspens
Repairs to Hélène de Champlain building force eatery to shut Restaurant's owner plans to close it down when lease expires at end of 2009 ALAN HUSTAK, The Gazette Published: 8 hours ago The building that houses the Hélène de Champlain restaurant on Île Ste. Hélène needs massive repairs, and the restaurant will close for good in 16 months when its lease expires. Pierre Marcotte, the French- language television personality who has leased the red sandstone building from the city since 1983, says the property needs between $3 million and $5 million in repairs. "We have no choice but to close," he said. "The city has decided not to renew its lease after 2009 in order to undertake the repairs. That could take a year or more to complete. The electrical and heating systems are outdated, and major repairs to the building itself are necessary." Initially meant to be a sports pavilion, the island chalet was built during the Depression as a Quebec government make-work project. It was designed by Émile Daoust to resemble a Norman château, and the grounds were landscaped by Frederick Todd. It was turned over to the city in 1942 and in 1955 became a municipal restaurant, but didn't get a liquor licence until 1960. In 1966, Mayor Jean Drapeau had the building redone as the official residence for Expo 67's Commissioner-General, Pierre Dupuy. It also had a hall of honour next to the main dining room that was used by Drapeau as a reception centre for visiting dignitaries and heads of state. The reception for French President Charles de Gaulle was held in the chalet after he delivered his controversial "Vive le Québec libre" speech. Even though the restaurant proved to be a money-loser, Drapeau kept its five dining rooms open until 1977, when they were closed because of a labour dispute. They reopened in 1981. Marcotte said he does not plan to renew his lease, and no one is certain what will happen to the building once the repair work is done. In the past, there has been talk of converting the site into a hotel for high rollers at the Montreal Casino. ahustak@ thegazette.canwest.com -
http://www.newswire.ca/news-releases/dollarama-invests-in-new-warehouse-in-montreal-and-revises-capex-guidance-for-fiscal-2017-567425461.html MONTRÉAL, Feb. 2, 2016 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that its Board of Directors approved an investment of approximately $60 million in the construction of a new warehouse in Montreal, Quebec. The new 500,000 square-foot warehouse will be located in the Lachine borough near the intersection of highways 13 and 520, in close proximity to Dollarama's existing, centralized warehousing and distribution operations. The new facility will increase Dollarama's total warehousing capacity by approximately 40% on a square footage basis, thereby accommodating capacity requirements as the Corporation continues to expand its store network.
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In Little Burgundy, close to Atwater Market, The Burgundy Lion, The Corona and Joe Beef. Probably on this empty lot. www.hudsonhouse.ca
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http://finance.yahoo.com/news/canadian-baby-boomers-stand-inherit-100000876.html TORONTO, June 6, 2016 /CNW/ - Baby boomers in Canada will inherit an estimated $750 billion over the next decade in the country's largest-ever transfer of wealth, one that is expected to alter the retirement landscape and have potentially significant economic impacts, finds a new CIBC Capital Markets report. Canada currently has just over 2.5 million people over the age of 75, of which close to 45 per cent are widowed, the report says. The number of elderly people in Canada today represents a 25 per cent jump over the level seen a decade ago. "We estimate that the coming decade will see close to $750 billion exchanging hands, almost 50 per cent more than the estimated amount of inheritance received over the past decade," says Benjamin Tal, Deputy Chief Economist, CIBC Capital Markets, who authored the report The Looming Bequest Boom – What Should We Expect? "The transfer is estimated to boost the asset position of Canadians 50-75 years old by no less than 20 per cent." There will be even more Canadians aged 75+ in the next decade, who will not only be the largest cohort of that age group on record, but also wealthiest, with an estimated total net worth north of $900 billion. He expects this shift in wealth, coming when boomers themselves are approaching retirement age, can potentially impact Canada's retirement landscape as well as many facets of the economy, including labour force participation, the real estate markets and transform income inequality into wealth inequality. -
Not a good day for retail! http://ottawacitizen.com/business/local-business/sony-announces-it-will-close-all-sony-stores-in-canada Sony Corp. will close all 14 of its Sony Stores across Canada as the company continues to struggle to reshape its business. The company made the announcement on Thursday in a memo to the employees of its stores — including its Ottawa location in the Bayshore Shopping Centre — telling them that the stores will cease operations within the next two months. The company confirmed the news in a statement released to The Citizen. “Over the next 6 to 8 weeks we are closing our Sony Stores in Canada and will redirect all of this business through our national network of Sony retailers, our online store … as well as through our Sony-trained Telesales team,” read the statement. “Our network of Sony authorized retailers offer a full range of Sony products and will be supported by our in-store Merchandisers and Product Trainers on an ongoing basis in order to ensure that our past customers have continued access to knowledgeable Sales consultants who can support their ongoing Sony electronics needs.“ The company’s news came on the same day that Target announced it would be shuttering all of its retail stores in Canada. Sony did not say how many jobs are affected by the decision. The closure comes as Sony is struggling to reshape its business amidst years of losses. For the current fiscal year which ends in March, the company is estimating a $1.9 billion (U.S.) loss. Within the last year the company sold its Vaio personal computing business and spun out its TV manufacturing operations. It is now reported to be considering exiting the TV business entirely. The company is also considering options for its lacklustre cellular phone division.
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http://tmagazine.blogs.nytimes.com/2011/06/17/montreal-toasts-gaultier/
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Les États-Unis ont recensé 524 000 nouveaux chômeurs inscrits dans la semaine close le 10 janvier, soit 11,5% de plus que la semaine précédente. Pour en lire plus...
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Le nombre des nouveaux chômeurs indemnisés aux États-Unis a baissé pour la première fois depuis près d'un mois au cours de la semaine close le 4 octobre. Pour en lire plus...
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Driving in Montreal is an experience Posted By Marshall, Scott Updated 1 hour ago Driving in different places can be difficult to many people. The fear of not knowing where you're going can be very overwhelming. Roads you've never seen before and higher than normal traffic can lead to high anxiety. I was recently in Montreal and if you've ever driven there you'll already know it's an experience of a lifetime. The cab ride from the airport to my hotel was interesting to start with. The driver didn't use his turn signals. Most people will use them at least most of the time. It lets other road users know your intentions. In Montreal, it lets other drivers know what your plans are early enough so they can speed up and block your move. If you're in Montreal you don't signal. That way nobody knows your moves. We all know that fuel prices are higher than we would all like, so the drivers in Montreal decided to work together to save fuel. They follow each other very closely so they can cut down on wind resistance. Race car drivers call this 'drafting'. The cab driver was driving close enough to the traffic in front of them that it looked like they were being towed by the driver in front. I thought it was very nice of the lead driver, or drivers, to avoid suddenly stopping. That was nice of them, don't you think? Most drivers would understand they need to have some response time from the driver in front if they stop suddenly. Wouldn't you? You should leave more of a following distance if the driver ahead of you is unsure of where they are going so they'll have enough room to turn around as necessary. As a side note, following further back also give you more to stop if the lead driver stops suddenly. We should all know that, right? Now, I enjoy playing and watching sports like a lot of people do. I like the competitiveness of sports. Being a pedestrian in Montreal seems like it's a sport to many of the drivers in Montreal, though. When the cab driver was driving along the road and was about to enter an intersection, a pedestrian stepped off the curb right in front of us. There was no horn honking and only a slight swerve was done to avoid hitting them. Maybe you need to drive as close as possible to a pedestrian when you're driving there? I didn't see the rules for this one, so maybe I'm wrong. I may have exaggerated my thoughts here, but every event did actually happen. The bottom line here is no matter where you drive, keep space around your vehicle and communicate to other road users. Plan your route so you know where your turns are and get into the proper lane well in advance. If you do all of this, you'll be safe driving - even while in Montreal! Scott Marshall is the director of training for Young Drivers of Canada. He has spent almost 20 years in driver training. For questions or comments regarding this column e-mail Scott directly at smarshall@youngdrivers.com http://www.wellandtribune.ca/ArticleDisplay.aspx?e=920904
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GE Hydro to close Montreal plant in 2008, affecting 450 workers
un sujet a posté mtlurb dans L'actualité
GE Hydro to close Montreal plant in 2008, affecting 450 workers 1 hour ago MONTREAL - The GE Hydro plant in the Montreal suburb of Lachine will close next June, eliminating 450 jobs. The subsidiary of American giant General Electric has made more than half of the Hydro-Quebec turbines installed at the James Bay dams. The plant's activities will end with the completion of these contracts, employees were told. The company said it is restructuring its activities, adding that its hydroelectric division has been losing money. The laid-off workers are mostly welders, machinists and warehouse workers. The closure of the 89-year-old facility is another blow to Montreal's manufacturing sector, which has been struck hard by the appreciation of the Canadian dollar and growing competition from emerging countries, particularly China. At its peak production in the 1970s, GE Hydro employed more than 3,500 workers -
Cash-strapped Quebec Liberal wing warns of closing CAMPBELL CLARK From Thursday's Globe and Mail September 27, 2007 at 5:07 AM EDT OTTAWA — The Liberal Party's Quebec wing has warned Leader Stéphane Dion that it needs a quarter-million-dollar cash injection by Friday or it will have to close its Montreal office and lay off staff. The threat is not a sign of a financial crunch but part of an internecine battle between the party's national headquarters, run by officials close to Mr. Dion, and its Quebec machine over the transfer of funds, according to party officials. The Montreal office will remain open, Liberal officials said, but the dire warning has piled onto a run of troubles for Mr. Dion. It all seems to be centred in Quebec, where grumbling about his leadership has been loudest since last week's poor showing in three by-elections, including the loss of the party's traditional safe seat of Outremont. Mr. Dion yesterday lost potential star candidate Marc Garneau, the former astronaut, who said he was frustrated by the leader's delay in appointing him to run in the safe Liberal seat of Westmount-Ville Marie. And even an MP who leapt to his defence, Raymonde Folco, of the suburban Montreal riding of Laval-Les Iles, appeared to damn him with faint praise and conceded that Mr. Dion was "not getting through" in Quebec. At his age, Ms. Folco told reporters, the leader is not going to be able to change radically, so strong players in the party might have to travel with him in the province. Former Liberal cabinet minister Jean Lapierre said on CTV-Newsnet that the party's Quebec director-general, Serge Marcil, told Mr. Dion "that if [the Liberals] don't deposit a quarter of a million dollars by Friday, they probably will have to close down the office in Montreal and they can't even honour the payroll." When reached by telephone, the president of the party's Quebec wing, Robert Fragasso, said he would call back, but he did not. A spokesman for the Liberal Party in Ottawa, Elizabeth Whiting, said that the party's Montreal office will not close. She said that a request for funds came from Quebec, but did not discuss the details, although she acknowledged that Ottawa and the Quebec Liberals disagree over money. The public departure of Mr. Garneau was another blow to Mr. Dion yesterday. The former head of the Canadian Space Agency had wanted to carry the party's banner in Westmount Ville-Marie, but decided to give up on running for the party because he doubted Mr. Dion would choose him. The Liberal Leader has said he will name a candidate in the riding, but, having been passed over for an appointment in Outremont, Mr. Garneau said he decided he will no longer try to run.
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Pandox Establishes In North America - Acquires InterContinental Hotel
un sujet a posté mtlurb dans L'actualité
Pandox Establishes In North America - Acquires InterContinental Hotel in Central Montreal Stockholm, Sweden, July 11, 2007 - (Hugin) - PRESS RELEASE Stockholm, 11 July 2007 Pandox establishes in North America - acquires InterContinental Hotel in central Montreal Pandox acquires well-known InterContinental Hotel in Montreal for CAN$ 49 million, approximately EUR 35 million. It is the company's first acquisition in North America. The hotel consists of 26-stories and is an integral part of World Trade Centre with direct access to the Montreal Convention Centre (Palais des Congrès). The hotel consists of 357 rooms of international size, and offers the customers a full- service product with restaurants, bar, fitness and large conference and meeting facilities. The hotel is located in Old Montreal, close to the financial district. "It is with both respect and curiosity that we broaden our geographical market. The acquisition creates a good base for our establishment in Canada and North America. We hope this will be the beginning of a selective expansion in North America", says Anders Nissen, CEO Pandox AB. "North America is a natural development of Pandox' internationalisation, which creates good conditions for the competence and knowledge the company possesses to develop hotel businesses in a broad geographical market." Pandox and IHG (InterContinental Hotels Group) have signed a management agreement and will in close cooperation develop, modernise and run the hotel. The hotel is in need for upgrading and through an investment program of approximately CAN$ 11 million, approximately EUR 8 million, all hotel rooms will be refurbished, new F&B products developed as well as upgrading of the meeting and lobby areas. Montreal is Canada's second largest city with a population of 3.6 million people and ranks first in the country in the number of international organisation headquarters. There is a strong demand for hotel rooms in the city. A demand that is expected to increase as Montreal becomes a more and more important city for congresses and meetings. "We are looking forward to strengthen the collaboration with IHG with whom we have good experiences of", says Anders Nissen. Seller of the hotel is InterContinental Hotels Group and Cadim, a division of the Caisse de dépôt et placement du Québec. __________ For further information: Anders Nissen, CEO Pandox AB, +46 (0)8 506 205 50, +46 (0)708 46 02 02, anders.nissen@pandox.se Pandox is one of the leading players in the hotel property market in Europe. The portfolio consists of 44 hotels of which eleven operations, and with a total of around 10,000 rooms located in Sweden, Denmark, Germany, Belgium, Switzerland, the UK, the Bahamas and Canada. Pandox hotels operate under well-known brands such as Hilton, InterContinental, Crowne Plaza, Radisson SAS, Holiday Inn, Scandic, Elite, Clarion, Quality, First or through independent distribution channels. Copyright © Hugin ASA 2007. All rights reserved. Pandox http://www.pandox.se/ ISIN: SE0000394181 Stock Identifier: SSE.PAND July 11, 2007 From the Asia Corporate News Network http://www.acnnewswire.net Topic: General Announcement Sectors: Financial General
