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Quebec Blows Past Alberta as Canada’s Newest Jobs Hotspot
un sujet a posté ProposMontréal dans L'actualité
Source: Bloomberg Quebec’s unemployment rate fell to the lowest on record last month while Alberta’s surged to a two-decade high, underlining the the swing in Canada’s economic momentum through the recovery from an energy crash. Joblessness in the mostly French-speaking province fell to 6.2 percent in November from 6.8 percent in October, and in Alberta it climbed to 9 percent. The national jobless rate declined to 6.8 percent from 7 percent, Statistics Canada said Friday from Ottawa. “I’m stunned -- it’s a banner year” for Quebec, said Sebastien Lavoie, assistant chief economist at Laurentian Bank Securities in Montreal. He linked good times to a construction boom in his hometown, a low dollar boosting service industries and business confidence aided by provincial government budget surpluses. The movement of jobs from the western oil patch to central Canada’s service and factory hubs meshed with Bank of Canada Governor Stephen Poloz’s view that non-energy companies will help the world’s 10th largest economy recover over the next few years. Poloz said this week he would only cut his 0.5 percent benchmark interest rate if there was another shock like the oil crash. His next rate decision is Wednesday. “Quebec is within a whisker of posting the lowest unemployment rate in the country, something that we haven’t seen in the 40 years of available data,” said Doug Porter, chief economist at BMO Capital Markets in Toronto. The job report “strengthens the view that the Bank of Canada will be perfectly happy staying on the sidelines.” Quebec is tied more to manufacturers like Canam Group Inc. and Montreal-based software makers, who benefit from Canada’s weaker dollar and a growing U.S. economy. South of the border, payrolls increased by 178,000 jobs, the Labor Department said, bringing the unemployment rate down to a nine-year low of 4.6 percent. The province added 8,500 jobs in November and over the past 12 months the number of unemployed people has dropped by 17 percent. It wasn’t all good news: part of the reason the jobless rate fell was 20,300 dropped out of the labor force, the most since since December 2014. Lavoie at Laurentian Bank said it would be “extremely surprising” for Quebec to make further major gains in the job market over the next year. The figures have yet to reflect some announced cutbacks at Bombardier Inc. that haven’t happened yet, and the U.S. might be about to get tough on Quebec’s large softwood lumber industry. “There are also growing uncertainties linked to trade,” he said. “There will be duties on lumber, so that’s not going to help future job creation.” The mixed pattern also showed up in the national figures. Employment climbed by 10,700 in November as 27,600 left the labor force. Economists surveyed by Bloomberg News projected the jobless rate would be unchanged and employment would decline by 15,000. -
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Montreal tops international list of competitive cities : KMPG
un sujet a posté ChrisDVD dans L'actualité
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 -
Sorry for the low quality, it was a gray and rainy day.
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http://spacingmontreal.ca/2011/05/01/saint-pierre-river-site-to-become-montreals-first-woonerf/ Definition of a woonerf: A woonerf (Dutch plural: woonerven) in the Netherlands and Flanders is a street where pedestrians and cyclists have legal priority over motorists. The techniques of shared spaces, traffic calming, and low speed limits are intended to improve pedestrian, bicycle, and automobile safety. -
LA Metro picks up more natural gas buses
un sujet a posté mtlurb dans Urbanisme, architecture et technologies urbaines
The 200 compressed natural gas (CNG) buses acquired in 2003 by the Los Angeles Metropolitan Transportation Authority (LA Metro) have worked out so well that LA Metro is hiring 96 more. The Cummins Westport vehicles, which run 20 feet longer than traditional city buses and bring 30-percent more power to the table (while claiming bragging rights to low emissions) use a 6-cylinder, 8.9L CWI L Gas Plus CNG mill with 320 hp. Perfect for the city, the buses help LA Metro cash in with lower operating costs, better performance and reduced emissions. http://www.autoblog.com/2006/03/30/la-metro-picks-up-more-natural-gas-buses/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+weblogsinc/autoblog+(Autoblog) -
A une émission de Radio-Canada, on parlait de véhicules élecltriques, dont des autobus entièrement électriques qui arrêteront à des bornes, le long de leur parcours, pour se recharger pendant 1 minute. L'expert disait que la technologie existe déjà, et que les trolley bus (et tramways j'imagine) étaient des technologies dépassées. On disait aussi que le Québec est particulièrement bien placé au niveau du moteur-roue, et des technologies de batteries, pour profiter de la nouvelle vague verte. Voici un exemple: Hybrid-Electric Design ZERO emissions (with hydrogen fuel-cell or battery-electric options) Reduce fuel costs by greater than 90% Fewer parts to maintain with all-electric drivetrain Ultra-quiet drive system reduces noise pollution 90% regenerative braking recapture Unique All-Composite Body Low floor minimizes boarding time and increases passenger safety Impact resistant composite body increases vehicle safety and reduces maintenance Low center of gravity reduces chance for roll over Light weight body reduces impact on streets Modern appearance ADA-friendly design enables all passengers to ride the bus No corrosion - composite body and stainless steel subframe Other Features Safety front door prevents passengers from walking directly in front of the bus Large windshield for increased visibility Driver footwell glass for increased safety Incremental cost paid for by fuel savings http://www.proterraonline.com/transit.asp
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The european banking system on the verge of collapse: Bond Market shows
un sujet a posté cjb dans L'actualité
The banking system in eastern Europe is increasingly vulnerable to a severe economic downturn, Moody’s has warned, saying western European banks with local subsidiaries are at risk of ratings downgrades. “The relative vulnerabilties in east European banking systems will be exposed by an increasingly tougher operating environment in eastern Europe as a result of a steep and long economic downturn coupled with macroeconomic vulnerabilities,” Moody’s said in a report. The ratings agency said it expected “continuous downward pressure on east European bank ratings” because of deteriorating asset quality, falling local currencies, exposure to a regional slump in real-estate and the units’ reliance on scarce short-term funding. Eurozone banks have the largest exposure to central and eastern Europe, with liabilities of $1,500bn – about 90 per cent of total foreign bank exposure to the region. Shares of the handful of banks with substantial investments in eastern Europe – led by Austria’s Raiffeisen and Erste Bank, Société Générale of France, Italy’s UniCredit (which owns Bank Austria) and Belgian group KBC – tumbled after the ratings agency said it was concerned about the impact of a slowdown and the ability of the parent banks to support their support units in the region. The Austrian banking system is the most vulnerable, with eastern Europe accounting for nearly half of its foreign loans, while Italian banks are exposed to Poland and Croatia and Scandinavian institutions to the Baltic states. Central and eastern European currencies have come under intense pressure in recent weeks. The credit crisis has raised fears over the region’s ability to finance its current account deficits and slowing global growth has heightened concerns over the health of its export-dependent economies. The Polish zloty plunged to a five-year low against the euro on Tuesday, while the Czech koruna hit a three-year trough against the single currency and the Hungarian forint falling to a record low. The Prague and Warsaw stock indices meanwhile fell to their lowest levels in five years, while the smaller markets of Budapest, Zagreb and Bucharest skirted close to multi-year lows. The euro dropped to a two-month low against the dollar on Tuesday on heightened concerns over eurozone banks’ exposure to the worsening conditions in eastern Europe. Amid the growing sense of crisis in eastern European economies, Hungary on Tuesday outlined plans to save Ft210bn (€680m, $860m) this year to prevent an increase in the budget deficit. Hungary’s economy is expected to contract by up to 3 per cent this year, much more than earlier expectations. Antje Praefcke at Commerzbank said eastern European currencies were in a “self-feeding depreciation spiral.” “The creditworthiness of local banks, companies and private households, who hold mainly foreign currency denominated debt, is deteriorating with each depreciation in eastern European currencies, thus further undermining confidence in the currencies,” she said. Ms Praefcke said further depreciation of eastern European currencies was thus a distinct possibility, which was likely to undermine the euro. “The collapse of these currencies is likely to constitute a risk for the euro,” she said. “So far markets have largely ignored this fact, but are unlikely to be able to maintain this approach if the weakness of the eastern European currencies continues.” Western European banks have piled into the former Communist countries in recent years as economic growth in the region outpaced domestic gains. The accession of 10 new members to the European Union in 2004, and of Romania and Bulgaria in 2007, added to optimism about the region. In 2007, Raiffeisen and Erste Bank earned the vast majority of their pre-tax profits in eastern European countries including Russia and Ukraine. Since the onset of the global financial crisis, Hungary, Latvia and Ukraine have all received emergency loans from the International Monetary Fund, with other countries in the region expected to follow. -
Manufacturing activity at 26-year low NEW YORK (CNNMoney.com) -- A key index of the nation's manufacturing activity fell to a 26-year low, sliding into recession territory, a purchasing managers group said Monday. The Institute for Supply Management's (ISM) manufacturing index tumbled to 38.9 in October from 43.5 in September. It was the lowest reading since September 1982, when the index registered 38.8. Economists were expecting a reading of 42, according to a survey conducted by Briefing.com. The tipping point for the index is 50, with a reading below that indicating contraction in manufacturing activity. The index has hovered around the 50 mark since September 2007, with an average of 49.1. A reading below 41 is considered a sign that the economy is in recession. "It appears that manufacturing is experiencing significant demand destruction as a result of recent events, with members indicating challenges associated with the financial crisis, interruptions from the Gulf hurricane, and the lagging impact from higher oil prices," said Norbert Ore, chairman of the Institute for Supply Management's Manufacturing Business Survey Committee, in a statement. Employment in the manufacturing sector fell for the third month in a row. ISM's employment measure registered 34.6 in October, down 7.2 points from September. It was the lowest reading for the employment component since March 1991, when it registered 33.6. The index component for the prices manufacturers pay for raw materials declined 16.5 points to a reading of 37 in the month. It was the lowest point for the component since December 2001 when the prices index registered 33.2. In a sign of growing economic weakness worldwide, the index's measure of export orders fell 11 points to a reading of 41. The decline came after 70 months of expansion. Rising exports had been a bright spot for U.S. manufacturers as the domestic economy deteriorates. But last month's decline suggests that struggling consumers overseas are losing their appetite for U.S. exports.
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Some of these didn't come out right, it was a) raining b) i was low battery so i was being hasty c) lots of pedestrian/car traffic which always complicates things And some day shots from nov 14:
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Visited this city last weekend: A known view to start with Pollux and a demolished neighbour Opernturm construction site from above canyon street reflektion of the Commerzbank in Galileo Police squad on the twins of the Deutsche Bank from 0 to 259m... street level entrance of Galileo a lot of contrasts here MainPlaza in evening sun glow Schiller and the MainTower walk-in-the-park roof near the Roßmarkt unkown by many : Frankfurter Welle no comment needed here I like this high rise art in a local bookshop Sand castle 2 worldpowers... density 'made in Frankfurt' Skyper MainTriangle with new low rises Sachsenhausen ...let me show you the way to the next whisky bar... hope you enjoyed it
