Search the Community

Showing results for tags 'cent'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Real estate projects
    • Proposals
    • Going up
    • Completed
    • Mass Transit
    • Infrastructures
    • Cultural, entertainment and sport projects
    • Cancelled projects
  • General topics
    • City planning and architecture
    • Economy discussions
    • Technology, video games and gadgets
    • Urban tech
    • General discussions
    • Entertainment, food and culture
    • Current events
    • Off Topic
  • MTLYUL Aviation
    • General discussion
    • Spotting at YUL
  • Here and abroad
    • City of Québec
    • Around the province of Québec.
    • Toronto and the rest of Canada
    • USA
    • Europe
    • Projects elsewhere in the world
  • Photography and videos
    • Urban photography
    • Other pictures
    • Old pictures


There are no results to display.

There are no results to display.


There are no results to display.

There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



About Me





Type of dwelling

Found 100 results

  1. Le port de Montréal a enregistré des résultats records en 2007 Presse Canadienne 19 février 2008 L'Administration portuaire de Montréal (APM) a annoncé mardi que le volume de trafic du port de Montréal avait atteint un sommet de 26 millions de tonnes en 2007, grâce à une forte hausse du trafic conteneurisé. L'APM a précisé que le volume de trafic du port de la métropole québécoise avait augmenté de 912 091 tonnes, soit 3,6 pour cent, par rapport à 2006. Les marchandises diverses, conteneurisées ou non, ont représenté l'an dernier le principal secteur d'activité du port. Le volume de cette catégorie a atteint 12,7 millions de tonnes, en hausse de 7,6 pour cent, ou 892 095 tonnes. Les marchandises conteneurisées ont été au coeur des augmentations dans ce secteur puisque le trafic a atteint 12,4 millions de tonnes grâce à une hausse légèrement supérieure à un million de tonnes, ou 9,4 pour cent. Le président-directeur général de l'APM, Patrice Pelletier, a d'ailleurs dit croire que le transport par conteneurs serait au centre d'une stratégie qui aidera le port à demeurer la porte d'entrée privilégiée sur la côte Est de l'Amérique du Nord pour ses clients. En 2007, la catégorie des vracs liquides, constituée de pétrole, de bitume d'asphalte, d'éthanol, de vins et d'alcools divers, a continué de gagner en importance, ayant atteint son plus haut niveau depuis 1984, avec 7,9 millions de tonnes, une hausse de 1,7 pour cent par rapport à 2006. Le trafic de vracs solides s'est établi à quelque 5,5 millions de tonnes, en légère baisse de 2,1 pour cent. Le trafic maritime des céréales a reculé de 8,8 pour cent, soit un total de 1,3 million de tonnes. Quant aux autres vracs solides, en très légère hausse de 0,2 pour cent, ils avoisinaient 4,2 millions de tonnes.
  2. Six Canadian cities out of 50 have the winning combination that attract migrants * Six Canadian cities out of 50 have the winning combination that attract migrants Calgary, Waterloo, Ottawa, Vancouver, St. John’s and Richmond Hill have what migrants are looking for when choosing where to locate, according to the Conference Board’s second report assessing the attractiveness of Canadian cities. Read the report here. “Cities that fail to attract new people will struggle to stay prosperous and vibrant,” said Mario Lefebvre, Director, Centre for Municipal Studies. “These six cities come out on top across all rankings, so they appear to have an overall winning combination that is attractive to migrants. Although it would be hard to imagine a more diverse group of cities, each has particular strengths that make them magnets to newcomers, both from within Canada and abroad.” City Magnets II: Benchmarking the Attractiveness of 50 Canadian Cities, analyzes and benchmarks the features that make Canadian cities attractive to skilled workers and mobile populations. The performance of these cities is compared on 41 indicators grouped across seven categories: Society, Health, Economy, Environment, Education, Innovation, and Housing. The challenge in determining overall attractiveness is that when individuals are choosing a new city, they value attributes of city living differently. Weights were computed for each of the seven categories. For migrants with a university degree, the Education category matters the most (21 per cent) in the decision to locate, followed by Society (20 per cent), Innovation (19 per cent) and Economy (13 per cent). Migrants without a university education consider, in an overwhelming fashion, that the Economy category matters the most (33 per cent) and followed by Society (20 per cent). “In deciding where to live, university-educated migrants prefer cities with higher Education and Society outcomes. Migrants without a university education place more value on a city’s economic strength,” said Lefebvre. “However, the study shows that a city that is attractive to a certain type of migrant ends up being attractive to all, so policy makers must be cautious in crafting policies aimed at attracting university graduates only.” Overall Grades The six “A” performers – Calgary, Waterloo, Ottawa, Vancouver, St. John’s and Richmond Hill, Ont. – range between big and small cities, from the West Coast to the East Coast, and include both urban and suburban centres. Specifically: * Calgary’s strong economic results come as no surprise given its performance over the past decade, but the city also ranked first in Innovation and second in Housing. * Waterloo’s worldwide reputation for high-tech excellence in education and business is well deserved. Ranked number-one in Education, Waterloo also posted strong results in Economy, Innovation and Housing. * Ottawa reaps the benefits of a strong and well-educated public sector. The nation’s capital excels in Innovation and Education, and, apart from Health, scores well across all categories. * Richmond Hill, a fast-growing city north of Toronto, has become the second most diverse city in Canada. A well-educated workforce contributes to its high scores in the Education and Innovation categories. * Vancouver enjoys an enviable climate and a vibrancy that comes from its young, diverse, and multicultural population. * St. John’s has achieved a strong productivity level that even surpasses that of Calgary and Edmonton. It is also a stellar performer in Health and Environment categories. The “B” class includes 14 cities – Edmonton, Victoria, Markham, Vaughan, Kingston, Oakville, and Guelph are consistently in the top half of this group. The City of Toronto also earns an overall “B” grade. Although held back by lacklustre results in the Health and Environment categories (too few physicians for such a large population, and too many days of poor air quality), the City of Toronto leads all cities in the Society category, particularly the proportion of foreign-born population and the proportion of population employed in cultural occupations. In all, the Toronto census metropolitan area (CMA) obtains five of the top 14 spots. The Toronto CMA attracted 35 per cent of Canada’s immigrants (about 85,000 per year) between 2001 and 2006, but this is partly offset by migrants – 25,000 annually – leaving for other Canadian cities. London, Halifax, Lévis, Regina, Québec City, and Burlington also receive “B” grades. A total of 21 cities get “C” grades, including three of Canada’s largest urban centres: Winnipeg, Montréal, and Hamilton. Although an overall “C”, Mississauga – with its high number of immigrants – gets a “B” in attractiveness among university-educated migrants. Four of Vancouver’s suburbs – Richmond, Burnaby, Coquitlam, and Surrey – earn “C” grades, as does nearby Abbotsford. Generally, Vancouver’s suburbs lag behind in Health and Economy. Sherbrooke, Gatineau, Kitchener, Barrie, Saskatoon, Moncton, Brampton, Kelowna, Thunder Bay, Peterborough, St. Catharines, and Sudbury also get “C” grades. The “D” class includes nine small or mid-sized cities – four in Ontario: Oshawa, Brantford, Windsor, and Cambridge; four in Quebec: Longueuil, Saguenay, Trois-Rivières, and Laval, and Saint John, New Brunswick. Along with struggling economies in most cases, seven of these nine cities have shown little population growth, while the other two posted a decline in population (Saint John and Saguenay). These nine cities are also clustered near the bottom of the Innovation and Education categories. Performance By Category * Society – Canada’s largest cities post the best results, with Toronto and Montreal capturing the only two “A” grades. Toronto’s suburbs rank highly, as do Vancouver and Victoria. * Health – Small and mid-sized cities dominate this category, which mainly measures per capita access to care. Only Kingston and St. John’s get “A” grades. Vancouver and Quebec City are the only big cities to rank in the top 10. Suburban cities, which rely on services located in the urban cores, face the greatest challenges – 10 of the bottom 12 are neighbours of either Toronto, Montreal or Vancouver. * Economy – Although the rankings are based on 2006 data and pre-date the recession, the Conference Board expects cities with strong economies back then to rebound and post the strongest showing following the downturn. Calgary, Edmonton and Vaughan earn the only “A” grades in the ranking; Edmonton’s strong economy makes it particularly attractive to non-university educated migrants. Five Toronto-area suburbs make the top 10. Ottawa and Waterloo also rank in the top 10. * Environment – Seven of the eight cities in British Columbia included in this report earn “A” grades and dominate the top 10 rankings, due largely to good air quality and a mild climate. Montreal ranks last and Longueuil is also near the bottom. Mississauga, Burlington, Vaughan and Oakville also earn “D” grades. * Education – The “university towns” of Waterloo and Kingston outclass their counterparts and earn the only two “A” grades. Small and mid-sized cities dominate the results for teachers per student population, with four small Ontario cities (Burlington, Waterloo, Peterborough and Guelph) grabbing all the “A” grades on this indicator. * Innovation – Calgary, Richmond Hill and Ottawa get “As” for Innovation. Cities with broad manufacturing or resource-based economies generally fare less well in this category. * Housing – Small and mid-sized cities generally do the best in this category, thanks in particular to relatively affordable housing. The Quebec City suburb of Lévis leads all cities, and five other Quebec cities rank in the top 10. The opposite is true for all eight B.C. cities, where homes are generally expensive. As a result, these cities fall in the bottom half of the rankings and five of them, including Victoria and the Lower Mainland cities, get “D” grades.
  3. This is much needed. And not all of it should be spent on grammar reciting either (as is often the case). I think a big part is just being able to learn to get use out of it. Practice comprehension and conversational skills first, then worry about written skills. Although I had great French teachers in school, how was I (or anyone else) to become fluent by spending only 4-5 hours a week on it? This compared to living the rest of the week entirely in English (except for the Habs/Expos game back in the day). Having said that, English instruction should be toughened up as well. The quality of written English of a good portion of university peers is downright abysmal. They should have to pass a stringent English exam to get accepted into a regular program (if they fail, they should take a year-long mini program designed at teaching them proper written and spoken English). From what I have heard, they offer English-Second-Language courses that are taught by immigrants with heavy accents (notably from Ukraine and China). WTF?
  4. Les salaires, source d'inquiétude pour les entrepreneurs 7 septembre 2007 | Presse Canadienne, De nombreux employeurs canadiens indiquent que maintenir leurs salaires à un niveau concurrentiel s'avère problématique et qu'ils envisagent des solutions plus rentables pour attirer et retenir leurs employés. Pour en savoir plus Salaires Article connexe C'est l'un des faits saillants de la 29e enquête annuelle sur les augmentations de salaire au Canada menée par Hewitt & Associés. La recherche précise que les solutions de rechange aux augmentations prodigieuses des salaires de base comprennent des stratégies de rémunération au rendement, ainsi que des démarches pour s'assurer que les employés connaissent la valeur réelle de l'ensemble des éléments inclus dans leur programme de rémunération, notamment les avantages sociaux. A l'heure actuelle, 80 pour cent des organisations offrent des programmes de rémunération variable. D'autre part, Hewitt & Associés rapporte qu'à l'échelle du Canada, les organisations projettent des augmentations au salaire de base de 3,8 pour cent en 2008. En moyenne, le salaire de base a augmenté de ce même pourcentage cette année, comparativement à 3,6 pour cent en 2006. Ces données reflètent les augmentations salariales réelles et prévues aux Etats-Unis, selon l'étude. Pratiquement aucune organisation canadienne n'a appliqué de gel salarial en 2007, et aucune ne prévoit cette mesure en 2008. En 2007, les taux des augmentations salariales ont varié de 3,7 pour cent à Vancouver, à 3,4 pour cent à Montréal et à 3,3 pour cent à Toronto. Cette année, les augmentations salariales moyennes consenties dans l'ensemble des industries ont varié de 3,2 pour cent pour les employés syndiqués à 4,1 pour cent pour les cadres. Les augmentations projetées pour 2008 s'échelonnent de 3,1 pour cent pour les employés syndiqués à 4 pour cent pour les cadres. Les hausses salariales les plus marquées ont été relevées dans le secteur de l'énergie, de 6,3 pour cent, en moyenne. Le secteur public, la construction et l'ingénierie et l'aérospatiale ont aussi affiché des augmentations supérieures à la moyenne canadienne. Les industries où l'on prévoit les augmentations de salaire les plus faibles en 2008 comprennent l'automobile, l'hôtellerie et la restauration, l'imprimerie, les produits forestiers et celle des papetiers et de l'emballage.
  5. Bonnes prévisions pour les ventes résidentielles 13:14 | Presse Canadienne, L'Association canadienne de l'immeuble prévoit une augmentation de 8% des ventes de résidences cette année, avec de nouveaux records annuels dans la plupart des provinces, mais s'attend à un recul de 2% en 2008. Pour en savoir plus Immobilier Article connexe L'association prévoit que 523 100 logements changeront de mains en 2007 au Canada et 512 705 l'an prochain. Les prévisions de l'association sont basées sur des données issues du réseau de vente S.I.A./MLS. Parmi les provinces, c'est en Saskatchewan que la plus importante progression est attendue en 2007, soit 33,7 pour cent, pour 12 220 ventes. La plus faible augmentation, soit 4,6 pour cent, devrait être observée en Colombie-Britannique, avec un total de 101 080 logements vendus. Au Québec, la progression attendue en 2007 est de 11,3 pour cent, pour un total de 80 700 ventes. En 2008, le nombre de ventes au Québec devrait descendre à 79 445, en baisse de 1,6 pour cent. Par ailleurs, le prix moyen résidentiel devrait croître de 10,4 pour cent cette année au Canada, à 305 900 $ et de 5,5 pour cent en 2008, à 322 700 $.
  6. MONTREAL - La bonne tenue de l'emploi est trompeuse quant à la santé réelle de l'économie, a soutenu mardi la présidente de la Fédération des chambres de commerce du Québec (FCCQ), Françoise Bertrand. Dans son indicateur 2007, l'organisme a accordé la note de C-à l'économie québécoise. Les raisons de ce constat peu reluisant, qui ne s'est pas amélioré depuis l'année dernière, selon la FCCQ: la faible croissance des investissements privés, une productivité toujours inférieure à la moyenne canadienne et, par conséquent, un niveau de vie à la traîne par rapport au reste du pays. «Souvent, on dit "l'emploi va bien, on est repus". Il ne faut pas l'être», a déclaré Mme Bertrand en conférence de presse à Montréal. L'économiste de la FCCQ, Jean Laneville, a souligné que plusieurs emplois du secteur de la fabrication avaient été remplacés, ces dernières années, par des postes mal rémunérés du secteur des services, plus particulièrement dans le commerce de détail. De plus, pendant les trois premiers trimestres de 2007, la moitié des emplois créés au Québec étaient à temps partiel, alors qu'en 2006, les deux-tiers étaient à temps plein. En outre, ce n'est que dans la tranche des 15-24 ans que le Québec connaît un meilleur taux d'emploi que l'Ontario, un résultat lié au fait que les jeunes Québécois quittent l'école plus tôt que les Ontariens, ce qui augure mal pour l'avenir, fait remarquer la FCCQ. En 2006, pour la septième année consécutive, la croissance du produit intérieur brut (PIB) réel du Québec a été inférieure à celle du reste du Canada (2,1 pour cent contre 2,7 pour cent). Les prévisions pour 2007 et 2008 vont dans le même sens. Quant au niveau de vie des Québécois, mesuré en divisant le PIB réel par le nombre d'habitants, il dégringole depuis 2002 lorsqu'on le compare à celui des autres Canadiens. Il est maintenant équivalent à celui des résidants des Maritimes, le PIB de ces provinces étant propulsé par les revenus pétroliers de Terre-Neuve-et-Labrador. «Est-ce qu'on va rejoindre la moyenne canadienne avec [une croissance surtout concentrée dans] les services? a demandé M. Laneville. Je ne crois pas.» Comme d'autres, l'économiste craint que le Québec ne fasse les frais d'un «mal hollandais», un ralentissement économique causé par la hausse de la valeur d'une devise découlant d'un boom pétrolier. Entrepreneurs Le faible taux de chômage a aussi eu un effet sur le nombre d'entrepreneurs, qui a reculé de 2,9 pour cent en 2006, après une hausse de 10,5 pour cent en trois ans. Il reste que plusieurs secteurs d'activité font face à une pénurie de main d'oeuvre, qui s'accentuera avec le départ à la retraite de milliers de baby-boomers. Cette situation nuira à la compétitivité des entreprises, rappellent les chambres de commerce. Quant aux investissements, ils ont crû de 3 pour cent en 2006, mais les deux-tiers de cette hausse provenaient du secteur public, le privé n'ayant augmenté les siens que de 1,2 pour cent. Il est encore trop tôt pour mesurer l'effet de la diminution graduelle de la taxe sur le capital, annoncée plus tôt cette année par Québec. Avec un bond de 1,8 pour cent, la productivité québécoise a dépassé en 2006 la croissance moyenne des 20 dernières années (1,2 pour cent) et s'est même rapprochée de celle du Canada en entier, qui a progressé de 1,1 pour cent l'an dernier. L'écart du Québec a tout de même continué à croître avec les Etats-Unis.
  7. Condos, costs squeeze Vancouver office space DAVID EBNER From Monday's Globe and Mail June 29, 2008 at 10:33 PM EDT VANCOUVER — The numbers, at first glance, couldn't look better for a commercial real estate developer. On the small peninsula that constitutes downtown Vancouver, there's barely any available office space. The 2.6-per-cent vacancy rate ranks as the lowest of any city core in North America. And rents are soaring, with the cost of prime office space jumping 25 per cent in just one year to more than $34 per square foot. Yet hardly any new commercial space is being built. Just 130,000 square feet is under construction in downtown Vancouver, which would add less than 1 per cent to what exists. It's a fraction of what's happening elsewhere: Calgary's downtown is expanding by 5.6 million square feet, or 17 per cent, and Toronto is growing by 3.8 million square feet, or 5 per cent. Construction costs have risen far faster than rents, driven by a Western Canadian construction boom that has made labour scarce and expensive, and the climbing cost of materials such as steel. Vancouver developers say they just can't make the numbers add up for new projects. In Calgary, for example, the energy boom allows developers to charge $45 a square foot, a third more than they can get in the Vancouver market. “It takes a lot of nerve to build today,” said Don Vassos, a senior vice-president at real estate services firm CB Richard Ellis Ltd. who opened the company's Vancouver office 24 years ago. Since then, the downtown has gone through a transformation that helped produce the current shortage of commercial space. It's a trend the city now hopes to reverse. In the 1980s and 1990s, planners and politicians set about creating the Vancouver that currently exists, one consistently on best-places-to-live lists. Under the rubric of “living first,” the city heavily promoted residential development downtown, pushing the population on the peninsula to 90,000, more than double the 40,000 or so in the mid-1980s. But the dozens of residential condominiums have begun to squeeze the commercial core. Four years ago, alarm bells started going off for planners when Duke Energy sold the landmark Westcoast Transmission building for a condo conversion. That provoked the city to impose a temporary halt on such changes in the central business district. With developers predicting that Vancouver will run out of space to build new commercial buildings in the next 20 years, city council is poised to encourage construction of more office space. In July, it will consider a series of proposals from planners that include an expanded central business district, tighter rules on condo conversions and proposals to allow taller towers with more density. Until things change, however, businesses will continue to feel the squeeze. Part of the problem, developers say, is that condos are far more profitable than commercial space because residential buyers are willing to pay large premiums for benefits such as views of the ocean and mountains. And unlike Calgary and Toronto, where large corporations drive demand for many storeys of commercial space, the typical Vancouver tenant is more likely to be a law firm or upstart technology company requiring far less space. Developers have to sign on many more tenants to make a project work instead of landing one big name. Some Vancouver developers say the city has to take measures to encourage new commercial buildings that go beyond the proposals city planners have put together. “They need to address costs,” said Tony Astles, executive vice-president for B.C. at Bentall Real Estate. “And they need to address the length of time it takes to go through the whole process, from zoning to approvals. “It's a clogged-up system. Right now, it's very difficult to rationalize a high-rise office tower in downtown Vancouver. The costs of construction have risen so fast that rents – even though they're at their all-time high – haven't kept up.”
  8. Quebec will avoid recession: Desjardins The Gazette Published: 50 minutes ago Quebec will avoid slipping into recession because of tax relief, timely investment in infrastructure and strength in the aerospace industry, Desjardins Group economists said today. The economy will grow at about 1 per cent this year and 1.7 per cent in 2009, they estimated, though Ontario is already in recession due to its heavy reliance on the declining auto industry, they said. "The oil bubble could burst without warning, but a gradual decline to below $100 U.S. a barrel early next year is more likely, based on supply-demand fundamentals," they said.
  9. Quebec destined to stay Canadian: poll Only one-third of Quebec residents believe province will become a country RANDY BOSWELL, Canwest News Service Published: 4 hours ago A new nationwide poll suggests that a strong majority of Canadians - including most of the country's French-speaking population - believes Quebec is "destined" to remain part of Canada. The survey, commissioned by the Montreal-based Association for Canadian Studies, also revealed that barely one-third of Quebec residents believe the province is "destined to become a country" of its own. Conducted in May by Léger Marketing, the survey of 1,500 Canadians probed their "gut feelings" about Quebec's ultimate fate as a political entity, says ACS executive director Jack Jedwab. He also says the results suggest the limited appeal of the historical narrative long promoted by Quebec separatists - that "accidents of history," such as the British victory in the Seven Years' War, have merely delayed Quebec's inevitable emergence as an independent state. Instead, Jedwab says, most Canadians, including Quebecers, appear to find the classic federalist storyline - which emphasizes inexorable progress toward reconciliation of the French-English conflict at the heart of Canadian history - more compelling. A persuasive narrative that predicts a nation's destiny can exert a powerful influence on people's perceptions of history, contemporary politics and the future direction of a country, Jedwab says. He points to the influence of the "Manifest Destiny" doctrine in shaping the 19th-century expansion of the United States and certain strongly held views about its place in the world. Similarly, he says, views in Canada about whether Quebec's future is "pre-determined" by history play a significant role in the long-running debate about its place in the federation, with separatists and federalists alike claiming that "history is on their side." Jedwab notes that in the latest poll, the percentage of Quebec residents who envision a separate Quebec in the near or distant future "closely corresponds" to the proportion of the population that supports Quebec's separation. The findings, he says, may therefore represent "what people are wishing for" as much as what they expect to happen to Quebec one day. The poll was conducted from May 21 to 25. Just over 1,500 Canadians 18 years of age and over were surveyed, with a margin of error of 2.9 per cent 19 times out of 20. Those questioned were asked if they agreed or disagreed with the statements "Quebec is destined to remain part of Canada" and "Quebec is destined to become a country." Seventy-one per cent of English-speaking respondents and 78 per cent of allophones - those whose first language is neither French nor English - agreed that Quebec will remain part of Confederation. Fifty-four per cent of French-Canadian respondents agreed. Regionally, respondents from Ontario (79 per cent) and Alberta (76 per cent) were most likely to agree that Quebec's destiny is within a united Canada. Majorities from the Maritimes (65 per cent), B.C. (64 per cent), Manitoba/Saskatchewan (62 per cent) and Quebec itself (54 per cent) also agreed. Asked more directly if Quebec is "destined to become a country," just 38 per cent of French Canadians, 12 per cent of English-Canadian respondents and three per cent of allophones agreed that it would. Regionally, a minority of respondents from Quebec (35 per cent), the Maritimes (17 per cent), B.C. (13 per cent), Ontario (8 per cent), Alberta (7 per cent) and Manitoba/Saskatchewan (4 per cent) agreed that Quebec is destined to become a country. ________________________________________________________________________________________________________________________ Souveraineté - Le Québec est toujours aussi divisé Alexandre Shields Édition du lundi 23 juin 2008 Mots clés : Confédération, Souveraineté, Sondage, Canada (Pays), Québec (province) À la veille de la Fête nationale des Québécois, un coup de sonde réalisé pour le compte de l'Association des études canadiennes vient confirmer qu'ils sont toujours aussi divisés sur la question de la souveraineté. En effet, si le tiers d'entre eux estiment que leur province deviendra un jour un pays, à peine plus de la moitié croient que le Québec restera au sein de la Confédération, selon le document obtenu par Le Devoir. Les résultats de ce sondage effectué dans tout le pays montrent que 38 % des francophones sont convaincus que «le Québec est destiné à devenir un pays», dont 35 % de Québécois. Chez les anglophones, ce chiffre chute à 12 %, puis à 3 % chez les allophones. À l'inverse, 69 % des Canadiens sont d'avis que «le Québec est destiné à demeurer au sein du Canada», dont 54 % des francophones. Les répondants de toutes les catégories d'âges jugent que le Québec est «destiné» à demeurer au sein de la Confédération, exception faite des 18-24 ans, qui adhèrent à cette idée dans une proportion de 46 %. Malgré cela, à peine 19 % de ces derniers croient que la province accédera un jour à l'indépendance. Il faut toutefois souligner qu'il s'agit là de l'opinion des jeunes de l'ensemble du pays, et non seulement de celle des Québécois. Plus on avance en âge, plus les citoyens sont d'avis que la seule région francophone demeurera partie prenante de l'État canadien. Par ailleurs, la moitié des répondants québécois ont jugé que «sans le Québec, il n'y aurait pas de Canada», ce qui représente la plus forte proportion au pays. Albertains et Ontariens suivent, adhérant à cette idée respectivement à 45 % et 41 %. La moyenne nationale se situe à 42 %. Les jeunes semblent plus fortement préoccupés par cet aspect de la question de la souveraineté, puisque que 53 % des répondants de 25 à 34 ans croient que le Canada ne pourrait continuer d'exister sans le Québec. «Les réponses sont particulièrement intéressantes à la lumière de l'argument avancé par les souverainistes voulant que le Canada continuerait d'exister si le Québec le quittait, une idée défendue par les autres Canadiens, mais non par les Québécois», souligne d'ailleurs le directeur exécutif de l'Association des études canadiennes, Jack Jedwab, dans le document qui sera rendu public aujourd'hui. Le coup de sonde a été mené par la firme Léger Marketing auprès de 1507 Canadiens de 18 ans et plus, entre le 21 et le 25 mai 2008. La marge d'erreur est de 2,9 %, 19 fois sur 20.
  10. Prosperity gap to widen, Conference Board says Growth in Quebec expected to hit 1.4% DAVID AKIN, Canwest News Service Published: 8 hours ago Booming Saskatchewan will lead all provinces in economic growth this year, while Ontario and Quebec will suffer through a difficult year, said forecasters at the Conference Board of Canada. The widening prosperity gap between the West and those in central and eastern Canada presents federal policy-makers with some unique challenges. The West may need policies that slow growth and curb inflation, while central Canada has few inflationary worries but needs some economic stimulus to encourage growth. In its semi-annual provincial outlook, the Conference Board says Saskatchewan's economy is booming thanks to surging commodity prices, particularly oil and potash, and as a result, the provincial economy there will grow by 4.2 per cent this year. In fact, the Conference Board said workers are leaving Alberta and heading to Saskatchewan to make their fortune. The report says that, as a result, retailers in Canada's flattest province may be in for a particularly good year. "The positive labour outlook, combined with lofty wage gains, is spurring a spending spree. Retail sales are expected to soar by 12.2 per cent in 2008," it said. Meanwhile, in Quebec, things will be a bit better this year, where growth of 1.4 per cent is expected. "Since the middle of 2007, the Quebec economy has been at a near standstill. The weakness in the manufacturing sector has eroded economic gains made in other industries,' the report said. Next door in Ontario, where manufacturers had particular trouble coping with the one-two punch of a fast-rising loonie and skyrocketing energy prices, economic growth will be just 0.8 per cent, the Conference Board said. Only Newfoundland and Labrador will see slower economic growth than Ontario this year. After a stellar year in 2007 with double-digit economic growth, the Conference Board said the pace in Canada's most eastern province is stalled. It predicts growth there of just 0.2 per cent this year. Overall, the Conference Board believes Canada's economy will grow by 1.7 per cent. The forecasters at the independent think-tank are much more optimistic than the Bank of Canada, which said last month it believes Canada's economy will grow by one per cent.
  11. Wireless win will mean new growth for Quebecor: Peladeau VIRGINIA GALT Globe and Mail Update August 5, 2008 at 9:21 AM EDT Montreal-based media company Quebecor Inc. is “poised to embark on a new round of growth” as a result of its successful bid for a new wireless spectrum licences covering all of Quebec and part of the Toronto area, the company said Tuesday. “This is a key strategic development for Quebecor media, since consumer demand for advanced wireless services is expected to increase substantially in the coming years,” said chief executive officer Pierre Karl Paul Peladeau, in releasing the company's second quarter financial results. The company, which has gone through a major restructuring, reported consolidated net profit of $57.3-million, or 88 cents a share, compared with $43.2-million, or 77 cents a share, in the corresponding period a year earlier. The year-ago result was dragged down by a $6.7-million loss at the company's former printing subsidiary, Quebecor World Inc., which sought court protection from creditors earlier this year. “Once again, Quebecor's very positive results were spearheaded by robust numbers in the cable segment, which continued to log strong customer growth for all its services,” Mr. Peladeau said. Quebecor Inc. “At the conclusion of the spectrum auction for advanced wireless services, Quebecor Media held standing high bids on 17 operating licences, covering all of Quebec and part of the Toronto area.” Quebecor bid $554.6-million for the operating licences in the auction that closed late last month – an investment that pave the way for future growth by allowing the company to offer its customers “a still more complete and competitive array of cable and telecommunications services,” Mr. Peladeau said. The company reported that consolidated revenue from continuing operations increased to $942.3-million, up 15.6 per cent from the corresponding period a year ago. Revenue in the cable segment was up 20.3 per cent to $75.6-million, “reflecting continued customer growth for all services,” the company said. Newspaper revenue was up 27.2 per cent to $65.7-million, due primarily to the acquisition of Osprey Media Income Fund in August, 2007, and broadcasting revenue was up 4.2 per cent to $4.5-million.
  12. Canada's inflation rate jumps to 3.1 per cent Canwest News Service Published: 1 hour ago OTTAWA - The annual rate of inflation in Canada jumped to 3.1 per cent in June, the biggest rise in almost three year years, fuelled by soaring gasoline prices, Statistics Canada said Wednesday. Most economists had expected an overall inflation rate last month of 2.9 per cent from a year early, compared with a year-on-year increase of 2.2 per cent in May. "Gasoline prices increased 26.9 per cent between June 2007 and June 2008, significantly higher than the 15 per cent advance posted in May," the federal agency said. "June's increase was the largest since the 34.7 per cent gain reported for September 2005, when hurricanes Katrina and Rita disrupted the oil market," it said. "June's increase reflected both recent increases in pump prices, as well as the fact that gasoline prices had been on the decline in June 2007." On a monthly basis, inflation rose 0.7 per cent in June from May. "In addition to gasoline prices, mortgage interest cost, bakery products and air transportation also exerted strong upward pressure on the consumer price index in June," Statistics Canada said. Prince Edward Island and Alberta posted the biggest gains in consumer prices, rises 4.7 per cent and 4.4 per cent, respectively. Meanwhile, the core rate - which strips out volatile items, such as energy and food, and is used by the Bank of Canada to gauge inflation - rose by 1.5 per cent in June, the same rate as the previous month. On Tuesday, Statistics Canada reported that retail sales rose by a less than expected 0.4 per cent in May, with virtually all of the increase due to higher prices, especially for gasoline. However, Canadian consumers - thanks to the strong Canadian dollar - have not been as hard hit by rising prices for food and fuel. As well, pump prices have fluctuated over the past few months from the $1.20 range upwards to nearly $1.50 a litre, driving down consumption. The Bank of Canada's target for inflation is between one and three per cent, although it expects the rate to peak at 4.3 per cent early in 2009. The central bank has held its key lending rate steady at three per cent for the past two months after a series of reductions in an effort to spur spending amid an economic slowdown. However, the bank has signalled it is now balancing the need to encourage growth without fuelling inflation. "The sting of the steep pick-up in headline inflation is lessened by the fact that the Bank of Canada was already so public in calling for an eventual peak of more than four per cent by the turn of the year," said BMO Capital Markets economist Douglas Porter. "A further correction in energy prices (on top of the $20 drop in crude oil in the past two weeks) would go a long way to further dampening concerns about lofty headline inflation readings," he said. "With core holding steady at 1.5 per cent in June, right around where the bank looks for it to average in Q3, there's really not much to chew on here from a monetary policy stance." The Canadian dollar trading around 99 cents US following the inflation report, little changed from its Tuesday close of 99.16 cents US. Percentage change (May to June / June 2007 to June 2008): All-items +0.7 / +3.1 Food +1 / +2.8 Shelter +0.6 /+4.7 Household operations and furnishings 0.0 / +1.3 Clothing and footwear -0.5 / -0.6 Transportation +1.8 / +5.5 Health and personal care +0.1 / +0.7 Recreation, education and reading 0.0 / +0.4 Alcoholic beverages and tobacco products +0.2 / +1.6 Goods +1.1 / +2.5 Services +0.3 / +3.7 All-items excluding food and energy 0.0 / +1.2 Energy +4.4 / +18 Source: Statistics Canada Percentage change (May to June / June 2007 to June 2008): Newfoundland and Labrador +0.8 / +3.1 Prince Edward Island +0.5 / +4.7 Nova Scotia +0.6 / +4.2 New Brunswick +0.5 / +2.1 Quebec +0.4 / +3.1 Ontario +0.5 / +2.8 Manitoba +0.8 / +2.4 Saskatchewan +0.7 / +3.4 Alberta +1.5 / +4.4 British Columbia +0.7 / +3 Whitehorse +0.9 / +4.5 Yellowknife +0.8 / +4.5 Iqaluit +0.6 / +2.3 Source: Statistics Canada
  13. Assurance emploi : les chiffres explosent * Presse Canadienne, * 09:31 Au Québec, le nombre de bénéficiaires ordinaires a augmenté de 7,8% en mars. Le nombre de Canadiens recevant des prestations ordinaires d'assurance-emploi a crû de 10,6 pour cent en mars pour atteindre 681 400. Cette augmentation est la plus forte depuis que le marché du travail a commencé à se détériorer, en octobre, a indiqué Statistique Canada. Le nombre de prestataires ordinaires d'assurance-emploi a grimpé de 36,2 pour cent depuis l'automne dernier. Le nombre de demandes initiales et renouvelées reçues en mars a toutefois diminué de 1,9 pour cent par rapport à février, pour s'établir à 318 900. Malgré tout, le nombre total de demandes reçues en mars était le deuxième en importance depuis que des données comparables sont disponibles, soit 1997. C'est dans l'ouest du pays que la situation s'est le plus détériorée. En Alberta, le nombre de bénéficiaires ordinaires d'assurance-emploi a bondi de 32,1 pour cent en mars, alors qu'il a augmenté de 26,7 pour cent en Colombie-Britannique. Dans les deux cas, il s'agit des hausses mensuelles les plus importantes depuis que des données comparables existent. Le nombre d'Albertains et de Britanno-Colombiens qui reçoivent des prestations d'assurance-emploi a crû respectivement de 131,1 et 80,5 pour cent depuis octobre. Au Québec, le nombre de bénéficiaires ordinaires a augmenté de 7,8 pour cent en mars par rapport au mois précédent. En Ontario, la hausse a été de 9,9 pour cent, alors qu'elle a été de 4,9 pour cent au Nouveau-Brunswick.
  14. A new survey of Quebecers' attitudes on education shows that two out of three prefer to have the right to send their children to any school in the province they choose, public or private. The poll, conducted for The Gazette by Léger Marketing, asked whether students other than those now allowed, including franco-phones, should have access to English-language schools if they wish. A total of 66 per cent of a representative sample of Quebecers agreed that they should - including a 61-per-cent clear majority of francophones. Non-francophones were even more overwhelmingly in favour, at 87 per cent. Women, at 71 per cent, were significantly more so than the 66 per cent of men who agreed. Overall, 30 per cent disagreed - that is, 35 per cent of francophones and 11 per cent of non-francophones. Read more:
  15. Vacancy rates keep rising in third quarter for Canada's commercial real estate sector, report shows (CP) – 44 minutes ago TORONTO — The amount of empty office space across Canada continued to rise in the third quarter due to higher unemployment in white-collar industries and excess inventory in some cities, a new report shows. Vacancy rates for commercial real estate are expected to keep rising "well into 2010" as the country works through the impact of the recent recession, CB Richard Ellis Ltd. said in report released Monday. Vacancy rates rose for the third straight quarter to an average of 9.4 per cent, up from 6.3 per cent for the same time last year, said the real estate services firm. "Limited new job creation in Canada's 'white-collar' industries and the addition of new inventory in two of Canada's three largest office markets are cited as reasons for the increase," according to the National Office and Industrial Trends Third Quarter Report. Commercial vacancy rates rose most noticeably Calgary, Toronto and Vancouver, the report shows. Calgary's third quarter vacancy rate jumped to 13.1 per cent, from 4.7 per cent last year, due to the impacts of a slowdown in the oil and gas industry. "The city's oil and gas industry and commercial market remained inexorably linked, as players both large and small continue to recognize that even Calgary has not been immune to the country's new economic reality," the report states. In Toronto, the commercial vacancy rate rose to 9.1 per cent from 6.6 per cent last year. The vacancy rate in downtown Toronto is expected to climb further in the coming quarter as space becomes available in newly constructed office towers. In Vancouver, vacancy rates climbed to 8.9 per cent from 5.4 per cent for the same time last year. The report said Vancouver is one of the more stable markets in the country thanks to limited new development. Montreal's vacancy rate rose to 10.3 per cent from 8.3 per cent last year, while Halifax's rose to 10.2 per cent from 8.4 per cent. Vacancy rates also rose in the country's smaller office markets, specifically in suburban areas, but at a lesser rate, the report shows. It said cities with government office space also saw more stability in their commercial real estate markets. Ottawa had the lowest overall third quarter vacancy rate in the country of 5.8 per cent compared to five per cent for the same time last year, while Winnipeg's rate came in at 7.5 per cent up from 4.8 per cent last year. The overall vacancy rate in the Waterloo Region, home to such technology firms as Research in Motion (TSX:RIM), edged up slightly to 6.7 per cent from 6.4 per cent last year. The report predicts vacancy rates to keep rising in the fourth quarter and into 2010, "as Canada continues to grind its way out of the recession."
  17. Le port de Montréal a enregistré une baisse de son volume Publié le 12 août 2009 à 14h02 | Mis à jour à 14h04 La Presse Canadienne Montréal Le port de Montréal a enregistré une baisse de 18,4 pour cent de son volume de marchandises conteneurisées au cours des six premiers mois de l'année, par rapport à la période correspondante de l'an dernier. De janvier à juin inclusivement, le volume de marchandises conteneurisées s'est ainsi établi à un peu plus de 5,4 millions de tonnes, a indiqué, mercredi, l'Administration portuaire de Montréal. En nombre de conteneurs EVP (équivalent 20 pieds) pleins et vides, pour le premier semestre, la baisse a atteint 14,6 pour cent par rapport à la même période en 2008, pour totaliser 619 721 EVP. L'administration du port montréalais a souligné, en publiant ses résultats, mercredi, que, bien qu'ils soient baissiers, ils sont cependant meilleurs que ceux des principaux ports concurrents sur la côte Est. Les chiffres négatifs du premier semestre ont, en outre, été en partie compensés par des résultats très positifs dans le secteur du trafic maritime céréalier où le port de Montréal a connu une hausse de 31,1 pour cent par rapport à l'an dernier. L'achalandage total du terminal céréalier totalise plus de 1,2 million de tonnes pour les six premiers mois de l'année. La diversification des marchés du port a également eu un effet favorable, a souligné l'administration portuaire. Le trafic de conteneurs avec la Méditerranée a notamment connu une augmentation de 22,2 pour cent en nombre d'EVP pleins. Tous trafics confondus, la baisse de volume manutentionné au port de Montréal est de 15,4 pour cent par rapport à l'an dernier, pour atteindre près de 10,9 millions de tonnes.
  18. Mediocre job performance is better than the alternative JAY BRYAN, The Gazette Published: 7 hours ago Canada's job market is in mediocre shape, we discovered yesterday, and when you look at the alternative, this is wonderful news. For the past few weeks, many economic forecasters have been nervously asking themselves if Canada could resist the powerful recessionary undertow from a slumping U.S. economy or whether we'd fall into a downturn similar to the one that's under way south of the border. The final answer might not be available for a little longer, but yesterday's August job reports out of Ottawa and Washington make it clear that, for now, Canada is doing much better than the U.S. and is certainly nowhere near recession. In Canada, employment grew by a solid, if uninspiring, 15,200 jobs, returning to growth after two months of declines. That left the unemployment rate at 6.1 per cent, just above its record low of 5.8 per cent in February. So far this year, the Canadian economy has created 86,900 jobs. In the U.S, by contrast, August proved to be the eighth month in a row of shrinking employment, with 605,000 jobs lost (divide by 10 for a rough equivalence to Canadian numbers) since the beginning of this year. Unemployment south of the border jumped to a five-year high of 6.1 per cent - which sounds low to Canadians, but because of differences in measurement methods, is approximately equivalent to a Canadian unemployment rate of 7.1 per cent. Canada's modestly good job report reinforces the rationale for the Bank of Canada's decision to hold interest rates steady this week. The bank's targeted rate is already quite low at three per cent, and there's no clear need to pump emergency stimulus into the economy. Indeed, one of the the country's weakest sectors in recent years, manufacturing, has shown surprising resilience this year. As of August, factory employment was down by just 14,000, or 0.7 per cent, for this year. That's quite an accomplishment, given the plunge in car purchases by U.S. shoppers, who are the key market for Ontario's giant auto industry. In fact, Ontario has done quite well for a manufacturing province heavily dependent on U.S. customers. So far this year, it has created 51,900 jobs and its unemployment rate has actually edged down to 6.3 per cent from last December's 6.5 per cent, thanks to strong employment in construction and service industries. Ironically, Quebec, another big manufacturing province, hasn't done nearly as well, even though its big aerospace industry is much healthier than the auto industry, helping Quebec's factory sector create some jobs this year. Still, Quebec is one of the few provinces not to have enjoyed overall job growth so far in 2008. In fact, employment has shrunk by 25,200, while the unemployment rate has risen to 7.7 per cent from 7.0 per cent at the end of last year. Montreal's unemployment rate is up just 0.1 per cent so far this year, to 7.3 per cent in August, but this doesn't reflect any better performance than Quebec's on the employment front. The city actually lost 15,700 jobs in the first eight months of the year, but this was mostly offset by the 13,000 workers who abandoned the Montreal job market, making them disappear from the unemployment calculation. They might have found better opportunities elsewhere, gone back to school or simply stopped looking after a tough job search.On the provincial level, Quebec construction employment has been lukewarm and consumer-oriented service industries like retailiing have been shedding jobs, notes economist Sébastien Lavoie at Laurentian Bank Securities. As well, education employment has shrunk in Quebec as it grew in Ontario. Lavoie suggests that Quebec consumers may feeling worried enough to be cutting back on spending, while in Ontario's bigger, more diverse economy, there are still enough areas of growth to offset the auto industry's distress. Nevertheless, Ontario's ability to shrug off the U.S. economy's distress could be living on borrowed time, warns economist Douglas Porter at BMO Capital Markets. There are layoff announcements and factory closings that have yet to go into effect, he notes. And as for Ontario's boom in condo and office construction, "I have to wonder how long it can hang on."
  19. Le café d'Halifax a décidé d'abolir la pièce d'un cent afin d'alimenter le débat sur l'utilité de cette pièce de monnaie. Pour en lire plus...
  20. Desjardins financial grows outside Quebec The Gazette Published: 1 hour ago Desjardins Financial Security, the life and health insurance arm of the $152-billion Desjardins Group, said yesterday that business growth outside Quebec was strong in the second quarter. Premium income was up 6.1 per cent from a year earlier in Quebec, where it already has a large market presence, and rose 16.8 per cent in the rest of Canada. Desjardins Financial has been working hard to build market share outside Quebec, especially for group business. Desjardins Financial also sells group and individual retirement savings products, including mutual funds, and growth in this business came mainly from its new guaranteed investment contracts. "We continue to gain ground in an extremely competitive insurance market," chief operating officer Richard Fortier said. Second-quarter net income was $59.3 million vs. $68.4 million a year earlier.
  21. CAE wins military training contracts The Gazette Published: 32 minutes ago Montreal flight simulator builder CAE Inc. said today it has won a series of military training contracts worth up to $106 million and including $71 million in firm orders. The contracts are with Canada's Department of National Defence, L-3 Communications of the U.S., the U.S. Navy, Eurofighter Simulation Systems and contractor C2 Technologies. CAE said it sees strong opportunities ahead in the global military market- normally more stable than the civil aviation sector. CAE also said earnings for the first quarter ended June 30 rose 19 per cent to $46.1 million or 18 cents a share from $38.7 million or 15 cents a share a year earlier, because of strong Asian and European civil aircraft training business and rising military orders. Revenue climbed 9.4 per cent to $392 million.
  22. Les Américains voyagent à l'étranger autant qu'auparavant, sauf au Canada La Presse canadienne Édition du lundi 11 août 2008 Halifax -- Les organismes de l'industrie du tourisme aux États-Unis affirment que les Américains voyagent à l'étranger autant qu'auparavant, cet été, sauf au Canada. Selon eux, la faiblesse de l'économie et du dollar américains n'a dans l'ensemble pas incité les Américains à renoncer à leurs projets de voyage afin de demeurer à la maison. Les résultats d'un nouveau sondage effectué auprès de 2230 Américains, rendus publics vendredi par l'Association de l'industrie touristique des États-Unis, révèlent que seulement neuf pour cent des adultes projettent de passer leurs vacances au pays. Ce sondage succède à une autre étude dévoilée plus tôt cet été par l'Association automobile américaine (AAA), selon laquelle les réservations pour des voyages organisés en Europe ont chuté de cinq pour cent cette saison, tandis que les voyages au Canada ont diminué. Mike Pina, porte-parole de l'AAA, a affirmé que «le Canada n'est pas l'aubaine que les gens croyaient qu'il était auparavant», expliquant la situation par la vigueur du dollar canadien. Il a ajouté que, avec l'entrée en vigueur prochaine de nouvelles réglementations au chapitre du passeport pour les Américains souhaitant se rendre au Canada, davantage de gens se procurent le document et envisagent de voyager plus loin pour la première fois. «Il y a davantage de concurrence à une période de l'année qui est importante pour [le tourisme canadien]», a-t-il indiqué. Une chute d'un million de visiteurs Les voyages effectués par les Américains à l'étranger ont fortement augmenté, après avoir été en chute libre à la suite des attentats du 11 septembre 2001. Leur nombre est passée de 56,2 millions de voyageurs en 2003 à un chiffre sans précédent de 64,1 millions l'an dernier, selon le ministère américain du Commerce. Pendant la même période, le nombre des Américains qui ont voyagé au Canada a chuté d'environ un million de visiteurs, alors que celui des Américains qui se sont rendus en Allemagne, au Japon, en Espagne et en Inde, entre autres destinations, a augmenté d'au moins 10 pour cent. Le président de l'Association de l'industrie touristique du Canada (AITC), Randy Williams, affirme ne pas être étonné. «Le dollar [canadien] valait habituellement 65 cents [américains] et les coûts de l'essence étaient peu élevés, c'était donc facile et nous étions gâtés, cela ne fait aucun doute», a affirmé M. Williams, selon lequel les touristes américains ont longtemps été perçus comme des «fruits prêts à être cueillis».
  23. Surplus de 9,6 G$ en 2007-2008 à Ottawa * Presse Canadienne, * 29 septembre 2008 Le gouvernement fédéral a annoncé que le surplus budgétaire pour l'exercice financier 2007-2008 s'élevait à 9,6 milliards de dollars. Ce montant pour l'exercice clos le 31 mars est inférieur aux prévisions, qui atteignaient 10,2 milliards $ lors de la présentation du budget fédéral en février. Le ministère des Finances a indiqué que les revenus ont été inférieurs de 2,1 milliards $ aux prévisions tandis que les charges de programmes ont été inférieures de 1,7 milliard $. La dette fédérale s'élevait à 457,6 milliards $ le 31 mars, une réduction de 105,2 milliards $ par rapport au sommet de 562,9 milliards $ atteint pendant l'exercice financier 1996-1997. Elle correspondait à 13 774 $ par habitant, alors qu'elle était de 14 215 $ un an plus tôt. Le ratio de la dette fédérale au produit intérieur brut (PIB) est ainsi passé à 29,8 pour cent, ce qui représente une baisse marquée par rapport au sommet de 68,4 pour cent atteint en 1995-1996; il est maintenant à son plus bas niveau depuis le 31 mars 1981.
  24. Miranda Technologies investit pour agrandir ses bureaux montréalais 26 septembre 2008 - 16h50 Presse Canadienne Technologies Miranda a annoncé vendredi son intention d'investir 8 millions $ pour effectuer des travaux d'agrandissement à son siège social, à Montréal. L'entreprise, spécialisée dans la conception, la fabrication et la distribution de matériel et de logiciels pour l'industrie de la télédiffusion, prévoit ainsi accroître la capacité de ses infrastructures de recherche et développement et de fabrication. La superficie de ses bureaux sera accrue de 55 pour cent, pour atteindre 8500 mètres carrés. Selon le président et chef de la direction Strath Goodship, le volume des ventes de Miranda a plus que triplé depuis que la société s'est établie dans ses installations actuelles, en 2001. «Notre succès a engendré des besoins d'espaces additionnels et nous réalisons cet investissement pour soutenir notre croissance et demeurer concurrentiels à long terme», a-t-il précisé dans un communiqué. La plupart des activités de l'entreprise de 450 employés seront ainsi centralisées dans cet emplacement unique, a-t-il ajouté. Selon Ben Jekic, un analyste chez Desjardins Sécurité financière, cette décision démontre toute la confiance qui habite les dirigeants de l'entreprise et permet d'envisager «une croissance de qualité et de l'amélioration dans les opérations quotidiennes». M. Jekic a noté que des améliorations au niveau de la gestion avaient eu des répercussions positives sur les opérations et «devraient produire de plus grands bénéfices bruts et réduire le temps requis pour commercialiser ses nouveaux produits». Miranda a cessé ses opérations en Grande-Bretagne et décidé de rapatrier à son siège social la fabrication de produits autrefois confiée en impartition. M. Jekic a attribué aux actions de la compagnie un prix-cible de 13,75$. L'action de Miranda a cédé vendredi 28 cents, soit 4,2 pour cent, pour clôturer à 6,36 $ à la Bourse de Toronto. Pour en lire plus...
  25. Builders face financing squeeze 'We can expect a solid demand for condominiums well into the future' TERRENCE BELFORD From Friday's Globe and Mail September 5, 2008 at 12:00 AM EDT Remember how A Tale of Two Cities starts? Charles Dickens writes, "It was the best of times, it was the worst of times." Stretch that theme a bit and you might be describing what is about to happen in the Toronto-area condominium market. First, the best of times. According to Urbanation Inc., which tracks condos from the Burlington border to Ajax and Whitby, there were a record 295 projects for sale at the end of June. Of these, 147 were under construction and another 38 new ones were ready to break ground. Behind those projects stood 151 different developers, and for many of them it was their first shot at building a condo. Those first-timers were mainly house builders who could no longer find building lots. Their choice was either to move into condos or fold their tents. So on the plus side, prospective buyers have never had greater choice. Now on to the worst of times. That impressive number of projects may prove to be the Greater Toronto Area's version of a Potemkin Village by the end of the year. Veteran market watchers say that up to a third of them are likely to be pulled from the market. Along with them, up to 50 developers may bite the dust. The reason? They are unlikely to find financing, says Barry Lyon. He is a 40-year veteran of the Toronto area real estate market. His company, N. Barry Lyon Consulting Ltd., provides research, marketing and project management to the condo and commercial sectors. "The U.S. credit crunch means the money to build just is not there," he says. "The tap has run dry." So, what determines who gets the money to build? In large part, GTA condo buyers. Developers need to presell about 60 per cent of the units in any project before lenders will take a look at providing the money to build. Equally important, they have to do it within reasonable time frames. As their marketing and sales teams scurry to sell suites, construction and carrying costs for high-priced land are ticking upwards. Mr. Lyon says he would not be surprised to see some developers pulling projects out of the market because those costs have risen to such an extent that they simply can't make a buck going ahead. "In some cases, even with 60 per cent sold, some developers are still going to have a hard time finding financing," he says. It is not that there is any lack of demand. It remains strong, says Jane Renwick, executive vice-president of Urbanation. But it is nowhere near the levels seen in 2007, which was a banner year for the industry. Thanks to record sales in 2007, 76 per cent of the 66,310 suites on the market at the end of June had already been snapped up. "I think a lot of last year's sales went to first-time buyers," she says. "I also think that most of them have now been absorbed so we are looking at a return to a more stable market — less of a gold-rush mentality." Again on the plus side of demand is the lure the GTA holds for immigrants. Ms. Renwick points out that of the 150,000 people who immigrate to Ontario in any given year, 100,000 of them make their way to the Toronto area. "If that trend continues, if we continue with high employment and if the economy continues to expand, we can expect a solid demand for condominiums well into the future," she says. That demand will continue to be strongest within the old city of Toronto. That is where 70 per cent of today's projects sit, says Mr. Lyon. It is also where prices are highest — an average $461 a square foot, versus $418 a year ago, according to Urbanation. Compare that with $294 in Scarborough, $254 in Pickering, $287 in Ajax and $313 in Aurora. Much of the difference is simply the cost of land to build on. But in that area Mr. Lyon suggests the coming shakeout may bring positive benefits to buyers. He says the loss of about a third of the developers today jockeying for land and bidding against each other to arrange construction crews likely means less competition for available resources. Less competition means lower demand and lower demand usually leads to, if not lower prices, then at least a much slower rise in prices. "It is going to be an interesting year," Mr. Lyon says. "By the end of 2008, the GTA's condo market may be a quite different place." Terrence Belford is a veteran journalist covering the Toronto real estate market.