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Found 100 results

  1. Exclusive Business Class Travel Between Toronto and Montreal MONTREAL, Feb. 28, 2017 /CNW Telbec/ - Ufly, a new business class travel experience, announced today that it will sell exclusive flights between the Billy Bishop and Saint-Hubert airports from Monday to Friday, at a frequency of two round trips daily. Offering numerous advantages such as online bookings at a fixed rate, last minute boarding in addition to quick and easy access to aircrafts, Ufly and Pascan Aviation are every business traveler's dream. An accessible, exclusive and efficient service Ideal for frequent business flyers, Ufly truly demonstrates a full executive treatment: comfortable, exclusive and luxurious. Thanks to its unprecedented service offering, Ufly members can take advantage of a VIP lounge, a dedicated phone reservation line, a mobile application, and free parking near the priority security checkpoint and check-in. As a high-end luxury service provider, Ufly sells seats on private nine-seater Pilatus PC 12 planes, the safest on the market, equipped with comfortable, large leather seats that are operated by Pascan Aviation. Available on a member-only basis, Ufly proposes several membership types to meet every travelers' corporate budget allowances. Furthermore, ticket prices do not fluctuate throughout the year, allowing users to benefit from fixed rates that include snacks and beverages and an unlimited number of flights! For more information, go to uFly. About Ufly Launched in February 2017, Ufly sells tickets for Pascan Aviation between Saint-Hubert airport and Billy Bishop airport in Toronto, as well as between Saint-Hubert airport and Québec City, Val-d'Or and Bagotville. Ufly is primarily designed for business professionals and offers preferential access to planes operated by Pascan Aviation. The service is designed to dramatically reducing airport wait times. Members have access to an unlimited number of flights at a fixed rate. Ufly plans to offer more routes in the upcoming year. For more information, go to uFly.
  2. 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.
  3. http://www.cyqm.ca/en/home/aboutus/news/kfaerospaceannouncesnewdomesticandinternationalcar.aspx Too bad YUL (prob due to curfew) and YMX couldn't get this business. Does anyone know how the Cargo Market in YMX and YUL are doing? Anything besides just local services?
  4. http://montrealgazette.com/news/local-news/time-for-action-to-help-spur-small-business-in-city-ferrandez-says Sent from my iPhone using Tapatalk
  5. before you all get excited, Swiss is going to put the 777 on YUL next summer for pilot training reasons only! With 62 business class seats, this airplane is not meant for Montreal for our market. Effective Aug 30 2016, it will return to normal year-round A330-300 operations. http://airlineroute.net/2015/07/09/lx-77w-s16update1/
  6. Developers & Chains ABOUT US Developers & Chains deals in business opportunities, not opportunities that you've missed out on. We specialize in futures, not histories. Developers & Chains is a subscription-only publication that focuses on retail and restaurant expansion across Canada. Developers & Chains is a subscription-only publication that concentrates on the growth and expansion aspects of the retail and restaurant industry across Canada, from British Columbia to Newfoundland. Each issue, and there are over 100 each year, includes information on new concepts and existing chains that have stated an interest in expansion and/or are showing signs of growth. And the reports include details on the companies, their needs and requirement along with the appropriate contacts. Developers & Chains issues also identify new shopping projects, malls and centres that are renovating, expanding or that simply have prime spaces that our subscribers may have available. Again, the issues include the leasing contacts, the uses they are seeking and where to contact them. There is more too. The publication keeps the subscribers aware of planned industry events and changes within the business. There are frequent reports on both retail and development sales and acquisitions, what companies are retaining which real estate-related suppliers and much, much more. Developers & Chains provides the type of leads and information that everyone in the business needs to make calculated decisions and it is all presented in a clear, factual, concise and timely manner that you can depend on. More important though, much of the leasing leads and company details are exclusive to the Developers & Chains’ E-News. They are available only in this publication. The information is exclusive in that it comes directly from our personal conversations with the principals or representatives of the featured companies. It’s almost as if you are there, sitting in on the conversation. Take a look through a recent issues of the Developers & Chains’ E-News. You will find details on new concepts seeking their first location and national chains looking for dozens of new units. You will learn, first hand, about planned entries into new markets. Whether it is a 150 square foot kiosk or a 30,000 square foot anchor tenant for your property, this is where you will meet them first. You will read about malls, centres and large format projects that have that ideal space, perfect for your next store. And you will ‘meet’ the people and companies involved. Oh yes, and the ‘editorial’ that ends every issue. Don’t take offence. It is just a tongue-in-cheek, maybe even irreverent, look at the business that we sometimes take a little too seriously. Sent from my SM-T330NU using Tapatalk
  7. as much as Aubin is a loud mouth - he;s not far from the truth. A wake up call to forum members.. we all love Montreal but we need to seriously wake up. 2011/2012 was a bad 2 years - we need to improve MONTREAL — SNC-Lavalin Inc. — founded by francophone Montrealers, headquartered in Montreal and active in engineering and construction projects in more than 100 countries — has long been the proud symbol of Québec Inc. Now, however, it risks becoming a symbol of something else — the decline of Montreal’s place on the world stage. The company announced last week that it is creating its largest corporate unit (one focused on hydrocarbons, chemicals, metallurgy, mining, the environment and water) and locating it not in Quebec but in London; heading it will be a Brit, Neil Bruce. As well, the company also said it was creating a global operations unit that would be based in the British capital. To be sure, SNC-Lavalin denies speculation by a La Presse business columnist that the company might be slowly moving its head office from Montreal. The two moves to London must be seen as reflecting “our healthy expansion globally,” says a spokesperson. “The corporate headquarters and all its functions still remain in Montreal.” Nonetheless, this unmistakable shift of authority abroad takes place within a broader context of fewer local people atop the SNC-Lavalin pyramid. In 2007, six of the top 11 executives were francophone Quebecers; last year, three. Note, too, that only two of 13 members of its board of directors are francophone Quebecers. When the company last fall replaced discredited Pierre Duhaime of Montreal as president, CEO, and board member, it picked an American, Robert Card. What’s happening to the company based on René-Lévesque Blvd. is the latest sign of the erosion of Montreal’s status as a major business centre. Of Canada’s 500 largest companies, 96 had their head offices in this city in 1990; in 2010, says Montréal International, only 81 remained, a 16-per-cent decline. It’s true that Toronto, too, has seen a decrease (with some of its companies heading to booming Calgary), but it’s only of six per cent. As well, because Hogtown has more than twice as many head offices as Montreal, the trend there has far less impact. Anyone with a stake in Montreal’s prosperity should care about what’s happening here. Head offices and major corporate offices, such as the SNC-Lavalin’s units, bring more money collectively into the city than do big events — the Grand Prix and the aquatics championship — whose threatened departures cause political storms. Such offices employ high-spending, high-taxpaying local residents and attract visiting business people year-round — people who represent income for cabbies, hoteliers, restaurateurs, computer experts, lawyers and accountants. Indeed, this week’s controversy over the absence of direct air links from Trudeau International Airport to China and South America is pertinent to this trend. It’s not only federal air policy over the decades that’s responsible for this isolation. It’s also that Montrealers have less money, and one reason for that is, as Trudeau boss James Cherry notes, “there are far fewer head offices in Montreal.” Keep losing them and we’ll be a real backwater. But how do we avoid losing these offices? We don’t need more studies. Tons of studies — good ones — already exist. The No. 1 factor for a company when choosing a head office location is corporate taxes, according to a Calgary Economic Development study. Quebec’s are the highest in Canada and the U.S. Thirty-four per cent of the executives at 103 local companies say that Montreal’s business climate had “deteriorated “ in the previous five years, Montreal’s Chambre de commerce found a year ago. The main reason: infrastructure (not only roads but also the health system). A study called “Knowledge City” that Montreal city hall commissioned in 2004 is still relevant. Its survey of 100 mobile, well-educated people (some of whom had already left Montreal) found that their top three biggest complaints with the city were, in descending order, high personal taxes, decaying infrastructure and political uncertainty from sovereignty. All studies agree that the quality of Montreal’s universities helps attract companies. Weakened universities would lower this power. The Parti Québécois government’s minister for Montreal, Jean-François Lisée, declared before Christmas that he was “Montréalo-optimiste.” He did not, however, spell out concrete steps for addressing the above-listed problems. Too bad that his government on Jan. 1 imposed higher personal taxes for people with high incomes — which hits business people. Too bad it has reduced spending on infrastructure by 14 per cent. Too bad that it has not only reduced funds to universities by $124 million over the next three months but that it says it might cut their funding in other years as well — in effect weakening them. And, finally, too bad that Premier Pauline Marois said this week her party would soon launch a campaign to promote sovereignty and that her government would step up its strategy of wresting powers from Ottawa. In the next few says, she’ll further promote Quebec independence with a meeting in Edinburgh with Scotland’s sovereignist leader. Staunch the hemorrhage of corporate offices from Montreal under this government? The very idea is Montréalo-irréaliste. Read more: http://www.montrealgazette.com/life/Henry+Aubin+avoid+losing+head+offices/7862525/story.html#ixzz2IrXbVaOH
  8. http://www.telegraph.co.uk/news/worldnews/europe/france/9133399/Paris-to-trump-Londons-Shard-with-Europes-tallest-buildings.html Paris to trump London's Shard with Europe's tallest buildings The two skyscrapers will 40ft taller than the Shard, which is currently under construction in the British capital. Planning permission for the French project called Hermitage Plaza - designed by British artchitects Foster and Partners - was granted by Paris officials this week. The two buildings - which will house offices, luxury apartments, a shopping complex and a hotel - will dominate the skyline in the western business district of La Defense. Work began on the Shard at London Bridge in February 2009 and it is already Europe's highest construction project at a cost so far of around £450 million. The 87-storey building is due for completion in May this year, when it will stand at 1,017 feet tall and offer uninterrupted 360-degree views of London for 40 miles in every direction.
  9. Hello everyone, I have a vision to develop Montreal that would revolutionize the face of downtown and give an international touch to it. What I would like to do is to form a small group to develop a few schematics/drawings of my idea and present it to the city developers and some business people. Anybody that has the skills necessary on this forum willing to put some time in it? Let me know
  10. Everyone is aware that Montreal has been performing at an unacceptable level according to virtually every measure. The challenges that lay ahead are not simple, or easy, but they can be pursued successfully. Significant change appears to have commenced, and may be gathering strength. At the outset, let’s be clear about something. If Montreal is to become a great city again, it will either need to get some sort of real “special status” within Quebec, become a special economic zone or, later, a city state. As we see it, the fundamental question we face is: Can Montreal become a city of global importance, or is it destined to be a provincial metropolis? We are currently a provincial metropolis not much higher in status than other important provincial metropolises, such as Halifax or Winnipeg. We need to become more important, like Toronto or Barcelona. Under existing constitutional arrangements, municipalities are controlled largely by the provinces. Provincial governments pass most of the enabling legislation that affects the powers cities have. Mayor Denis Coderre has entered into talks with two provincial cabinet ministers, Pierre Moreau and Robert Poëti, regarding some kind of special status for Montreal that would see the city get more responsibilities and funding — but for small things like transport and services for the homeless. Bravo and kudos, but is that enough? No. A recent Bank of Montreal/Boston Consulting Group analysis of Montreal outlined 10 distinct proposals to turnaround the city’s sagging fortunes. If these 10 propositions were to become actionable, they would be implemented within one of the two broader contexts we see for Montreal: evolving provincial metropolis or evolving global city. First of all, Montreal needs to be able to attract and retain the best talent. That is a clearly defined goal to which to aspire. To do this, Montreal must control its own destiny, and that means it must be open to diversity and become a beacon of opportunity. In order to reconnect with the larger North American and offshore business world, Quebec’s restrictive language laws need to be reviewed, and reworked to fit with Montreal’s global ambitions and identity. The thinking should be as follows: Montreal is a French city, first of all. It is also a North American city. It should become a global city. Global cities are defined by their openness to diversity and creativity. And so all students, regardless of ancestry or origin, need to be bilingual at the end of primary school, and trilingual at the end of secondary school. Anglophones and allophones (including immigrants) should be free to choose any school they want, as long as those schools offer a bilingual or trilingual education. Businesses and institutions should be able to use their language of choice. The public should have access to all services in either official language: anywhere, anytime. All of this is possible; we just have to do it. The time is now. Michel David is a business strategist and author of The Genius Is Inside. He is also a director of Fondation Montréal: City-State. He lives in Westmount. Morton Grostern is a consultant to small- and medium-sized businesses in Montreal. He is also a director of Fondation Montreal: City-State. He lives in Hampstead. Michel Lozeau, a strategic consultant and executive coach in Paris, contributed to this commentary. He lives in Montreal and Paris. © Copyright © The Montreal Gazette
  11. 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.
  12. Montréal accueille la prochaine Flying Business Travel Academy C'est au Québec, et plus précisément à Montréal, que se tiendra du 17 au 20 novembre prochain, la seconde Flying Business Travel Academy. Pour cet événement, 11 travel managers francophones iront échanger avec leurs homologues québécois sur les grands thèmes du travel management et aborderont les techniques du "change management", les grandes évolutions de l'aérien ou les attentes en matière de gestion des budgets voyage. La seconde édition de la Flying Business Travel Academy (qui s'était déroulée à Washington en 2010), organisée en partenariat avec Air France, les sujets ne manquent pas. Outre les grandes interrogations actuelles sur les évolutions tarifaires et les approches stratégiques des grandes compagnies, il est clair que la lisibilité actuelle des transporteurs aériens est complexe à analyser et à intégrer dans sa politique d'achat. En deux ans, 154 lignes ont disparu ou changé d'opérateurs. Autant de refonte des plans de déplacements pour certaines entreprises qui s'étaient réjouies un peu vite de ces ouverture. L'époque du transport aérien "champignon" est engagée. La ligne se crée le lundi et s'abandonne le vendredi. Les low-cost donnent le ton et damnent le pion aux régulières même si, et c'est une évidence, elles ne desservent aujourd'hui que 12 % des liaisons mondiales. En clair, s'il est facile de faire un Beauvais - Venise, il est plus complexe d'aller tous les jours à Boston ou à Tokyo... Aux mêmes tarifs que les prix d'appels aujourd'hui constatés en Europe. On le voit le best buy est lentement mais surement abandonné par les grandes entreprises alors que les PME/PMI à l'affût de la moindre économie ne jurent que par lui. Faut-il alors faire comme IBM et jouer au chat et à la souris avec le tarif le moins cher ? Doit-on suivre Unilever ou Monsanto qui désormais reportent les budgets voyages sur leurs divisions en incitant aux économies par des primes de résultats ? On le voit tout bouge. Les compagnies réduisent capacités et dessertes. Des low fares se créent tous les jours en Asie et personne ne peut dire à quoi ressemblera le transport aérien dans deux ans, cinq ans ou dix ans. A Montréal, ce sont ces sujets quotidiens qui seront abordés, débattus, analysés. Une Académie pour comprendre et anticiper. Une Académie pour se préparer aux grandes mutations annoncées. Marcel Lévy http://www.deplacementspros.com/Montreal-accueille-la-prochaine-BR-Flying-Business-Travel-Academy_a12124.html
  13. (Courtesy of CNW) It should be open in the Spring of this year. I drove passed it, honestly it doesn't look at like it at all ready. They are setting up shop in the old Ferrari-Maserati dealership. At least now people don't have to go to Toronto or John Scotti to get their Rolls
  14. (Courtesy of CBC News) I remember hearing about this about 1-2 years ago. I am just surprised it is not playing at the Segal theater.
  15. Here are some photos I took in and around Caracas yesterday (I will post more later). I have always wondered what non-Venezuelan people think about Venezuelan cities. Here are my views: Venezuelan metro systems are much cleaner, modern and quieter (the trains, not the people) than the older North American and European subways. The streets outside are much dirtier though. These are photos of a metro station near my house: This is the skyline of a small section of the eastern (wealthier) part of Caracas: These are some photos of the area around Altamira, one of the most important business and residential districts of the city: These ones are from the area around the Bellas Artes metro station. Bellas Artes is the bohemian district of Caracas:
  16. Montreal has a hot brand City should plug culture: minister By LYNN MOORE, The GazetteFebruary 21, 2009 Montreal should be "branding" itself as a major cultural and creative capital using institutions such as the Canadiens, the Montreal Symphony Orchestra and Montreal International Jazz Festival, Quebec's minister of economic development told a gathering of business leaders. The global finance crises has exasperated setbacks such as the loss of the Grand Prix Formula 1 racing event while continuing job and production cuts by major companies have shaken citizens and business leaders alike, Raymond Bachand told a Metropolitan Montreal Chamber of Commerce luncheon. "I want to tell you that the solutions (to shaken confidence and setbacks) are staring us in the face ... and are under our feet, if only we would see them," Bachand said. Bachand's reference to the Canadiens as a "one of the best-known trademarks in the world" prompted a wave of laughter from the audience. A front-page article in yesterday's La Presse linked three Canadiens players with one of the suspects arrested last week in a police operation targeting organized crime. "When one journalist makes a mistake, we don't condemn all media (outlets). And just because one player makes a mistake, we don't forget about 100 years of history," Bachand said. [email protected] © Copyright © The Montreal Gazette
  17. amNY.com Extreme Commuter: From Montreal to Queens By Justin Rocket Silverman, amNewYork Staff Writer [email protected] January 28, 2008 [/url] This Extreme Commuter rides a plane the way most of us ride the subway. Professor Adnan Turkey lives in Montreal but teaches computer science at DeVry Institute of Technology in Long Island City. He's been making that commute once a week for nine years, 45 weeks a year. Although the flight itself is only about 75 minutes long, getting to and from the airport makes it impractical to make the ride daily. Price is a factor, too. Flying directly from Montreal is too expensive even once a week, so for half the ticket price he drives across the border to fly out of Burlington, Vt. So every Monday at noon he leaves his house in Canada and makes that 2-hour trip to Vermont. He puts the car in long-term parking ($6 a day) and flies to New York, where he will sleep in a small rented apartment and teach until Thursday afternoon. Then he takes the flight and drives back home. Door-to-door it's about seven hours each way. "After working many years in Canada, I thought, 'why not come to New York City?'" he asks. "It's just next door and it's the capital of the world." Adnan knows of no other commuters on the Montreal/New York City run, and says many of the border guards laugh in amazement when he states his business in the U.S. Although the weekly $150-round trip JetBlue ticket, and the monthly rent in New York takes a bit out of his income (he won't say how much), Adnan says he has no plans to ask his wife, also a university teacher, and two college-age daughters to move to New York. Besides, money has never been his primary interest. "Education is a noble mission, so salary is not the No. 1 concern, at least for me," he says. "When I see the next generation of students learning and becoming skilled, that's my job satisfaction." Know an Extreme Commuter? Transit reporter Marlene Naanes wants to hear the story. Email her at [email protected] Copyright © 2008, AM New York http://www.amny.com/sports/football/giants/am-commuter0128,0,4574142,print.story
  18. Draxis to create up to 100 jobs after chosen by J&J for contract manufacturing 6 days ago MONTREAL (CP) — Pharma company Draxis Health Inc. (TSX:DAX) is building a new Montreal plant and hiring up to 100 people after the company's contract manufacturing division expanded its existing relationship with Johnson & Johnson, one of the world's biggest consumer products companies. The contract expansion will lead to between 80 to 100 new positions at Draxis Pharma operations in the Montreal area and require the building of a new secondary plant, in addition to the current Draxis manufacturing plant in suburban Kirkland, the company said Wednesday. On the Toronto Stock Exchange, Draxis stock jumped 34 cents to trade at $5.39, a gain of 6.7 per cent as investors reacted positively to the news. Draxis said the new deal with Johnson & Johnson Consumer Companies Inc. could mean another US$120 million in revenues over five years to the Canadian company. In addition, the transfer of equipment and production technologies, now in progress, is expected to generate additional revenues this year and next of between US$6 million and US$8 million. The supply deal, which runs to the end of 2013 and can be extended, involves the manufacturing of non-sterile specialty semi-solid products currently sold in the United States. Commercial production is expected to begin in 2009. "The signing of this contract is a reflection of the solid business model at Draxis," said Martin Barkin, president and CEO of the Toronto-area company. "We are honoured to have been selected from more than 80 international contract manufacturers under a rigorous and comprehensive global selection process conducted over an extended multi-year period. "This contract includes prescription and non-prescription products and will significantly improve capacity utilization in the semi-solids section of our non-sterile operations." As a result of the manufacturing deal, Draxis plans to build a new secondary plant to handle labeling, product assembly for different markets, cartoning and shipping. The new operation is slated to open next summer and will complement the company's production plant in Kirkland, in west-end Montreal. The jobs expansion is good news for the local Montreal economy, which has also seen other drug developers expand operations in recent months. In June, global drug giant GlaxoSmithKline (NYSE:GSK) announced it has spent $50 million to upgrade its laboratory north of Montreal into the North American research and administrative headquarters for its vaccine division. GlaxoSmithKline, based in Britain, is a world leader in the vaccine business. The company has 3,300 employees in Canada, including 1,400 in Quebec. Draxis, based in Mississauga, Ont. makes sterile products such as injectable liquids, ointments and creams, non-sterile products as well as radiopharmaceuticals for diagnostic imaging and treatment. The company employs about 500 people at its Montreal plant. Last year, Draxis generated a profit of US$11.5 million on revenues of just under US$90 million.
  19. First the Main, now it's downtown's turn Construction. Major projects have merchants, drivers in grumble mode Motorists negotiate the traffic and construction at de Maisonneuve Blvd. and Guy St. yesterday. The statue of Norman Bethune has been removed while work is under way.DAVE SIDAWAY THE GAZETTE, JASON MAGDER, The Gazette If you want to know how much it has snowed this winter, head for Place Norman Bethune at de Maisonneuve Blvd. and Guy St. The square, which is the cornerstone of a $22-million facelift for the Concordia University neighbourhood, has been cordoned off with metal fences since October. As a result, snow banks have grown to three metres. However, the transformation of Place Bethune is only one of three major construction projects under way on the corner. Motorists negotiate the traffic and construction at de Maisonneuve Blvd. and Guy St. yesterday. The statue of Norman Bethune has been removed while work is under way Like the merchants caught up in the seemingly endless construction on St. Laurent Blvd., those in this corner of downtown feel choked by street work. While improvements are wrapping up on the Main, crews are just getting started on the Place Bethune beautification project that is expected to last at least until 2011. In the meantime, it' a corner of hell for motorists and pedestrians. "Nobody passes by here anymore," said Mohammad Saken, 28, the manager of Dépanneur Beau Prix on de Maisonneuve west of Guy. "It's already our second year with construction here, and it looks like we're going to have long-term construction. That's going to screw up our business big time." Some merchants complain the constant construction is also dangerous. Saad Salem, the kitchen manager at the Château Kabab restaurant, said he saw a man fall into a hole, which had been dug three weeks ago by the city's Electrical Services Commission to work on underground wiring on Guy north of de Maisonneuve. "A few days ago, a handicapped man fell right into the hole because he didn't see it," Salem said, adding the man wasn't seriously injured. "The company came the next day and put up a fence around the area. But they made the hole and then left it like that, without doing any work. That wasn't a great idea." Serge Boileau, president of the Electrical Services Commission, did not return calls yesterday. Merchants say they are pleased the city is spending money to beautify the area, but say the timing is bad, coming after a summer in which they had to contend both with construction on a new Concordia business school and jackhammers installing a bike path along de Maisonneuve's south side. The bike path is completed, but cyclists, pedestrians and motorists have an obstacle course of four construction sites to negotiate just to cross the street. A southbound lane of Guy is closed from de Maisonneuve to Ste. Catherine St. while crews working on Concordia's new John Molson School of Business building, as is part of de Maisonneuve west of Guy. The north side of de Maisonneuve between Mackay and Guy Sts. is also blocked by traffic cones and trailers, which are used by construction foremen as offices. "It's slushy and dirty and it hasn't been cleaned up in ages," said Melissa Ajamian, 21, who lives on St. Mathieu St. "You used to be able to just walk through this area, but now it's very difficult." Sylvain Ducas, the city's project manager of Place Bethune, said it will take two years to complete the work on the square. "We could have done it in one year, but we need to keep the street open," Ducas said. "I'm sure the merchants will agree with that."
  20. (Courtesy of Citymayors.com) 1. London 2. New York 3. Tokyo 4. Chicago 5. Hong Kong ~ 10. Los Angeles ~ 20. Atlanta 27. Montreal Complete list (Top 50)
  21. Top Asian team at global business challenge 31 March 2008 NUS' MBA team beat more than 270 Asian teams to emerge the best in the continent at Cerebration 2008, with DBS as principal sponsor. The Competition is an annual global business challenge organized by the NUS Business School. The team finished second overall among the more than 450 participating teams from 200 business schools worldwide. HEC Montreal team emerged the champion, with the London Business School and McGill University completing the final field of four. Now in its fourth year, the competition gives MBA students a chance to devise global business expansion strategies for participating Singapore companies -- Brewerkz Restaurant and Microbrewery, Expressions International and Qian Hu Corp. Each team had to study its chosen firm and come up with strategies based on the firm’s unique profile and target market. This is the second straight year that the NUS team has finished second in the competition, reflecting the School’s global ranking of the top 100 business schools for its MBA program.
  22. Lawyer exodus shutters Desjardins 35 Lawyers Join Rival Lavery Firm; Quebec's Spun Off Jim Middlemiss, Financial Post Published: Saturday, August 18, 2007 An era will end for the 100-lawyer law firm Desjardins Ducharme LLP in September. The once-esteemed law firm will close after more than 50 years in business. Thirty-five of its key Montreal business lawyers will leave the firm to join rival Lavery, de Billy LLP at the end of next month. Concurrently, the Quebec City office of Desjardins, which comprises 50 lawyers and merged into the firm in 1992, has spun out and will operate under its old name Stein Monast LLP. [/url] Another seven litigators from the Montreal office will join litigation specialist Donati Maisonneuve LLP. The final eight lawyers will either retire or have said they are moving to other firms or into corporations. "We have accounted for everyone," said Gerard Coulombe, chairman of Desjardins, who explained that "Quebec City couldn't join the Lavery deal because it would have created too big a firm[for that region.]" Jean Brunet, managing partner of the Quebec City office, agreed: "You can't have a law firm of 100 lawyers in the area. "We're putting down the principles of how it will work in Quebec City," he said of the new firm, adding that he does not rule out opening a smaller Montreal office. The addition of 35 lawyers to Lavery creates a 180-lawyer firm, making it the largest independent provincial firm. The split is no surprise and has been rumoured for weeks once Desjardins started bleeding lawyers to other firms. "We took a good hard look at the various practices and groups lawyers," said Richard Dolan, managing partner at Lavery, said. "We settled on some very strong, solid business lawyers and bankruptcy and insolvency lawyers who had complementary practices to our practice mix. This is a really exciting business opportunity for us." Lavery has always had strong business in insurance, said Mr. Dolan, "The lawyers are going to bring additional bench strength to our corporate merger and acquisitions practice and the insolvency group." Of late it has been a tough go for some independent law firms, squeezed by the creation of large national firms, especially in Montreal, where several Toronto-based firms have opened offices or merged with local firms. In the spring, Goodman and Carr LLP, a 90-lawyer Toronto firm, said it was dissolving its practice. Kip Cobbett, a lawyer with Stikeman Elliott LLP in Montreal, said it is "very sad" to see Desjardins' demise. "It was a wonderful firm. It will certainly change the landscape." The agreement is subject to a vote by the Lavery partners expected later this month. [email protected]