Welcome!

News Feed Item

Montreal's Revival Has Begun, Says BMO's L. Jacques Menard

MONTREAL, QUEBEC -- (Marketwired) -- 03/31/14 -- L. Jacques Menard, President of BMO Financial Group, Quebec, today said that Montreal's revival is under way in a speech to the Board of Trade of Metropolitan Montreal.

Mr. Menard pointed to recent major commercial real estate investments as well as the change in attitude and the involvement of stakeholders in the fall 2013 summit, which aims to be a pivotal opportunity for mobilizing support and for making decisions about the metropolis under the theme "I see Montreal".

Mr. Menard stressed the importance of establishing priorities for Montreal and investing in these priorities. He noted that this approach has been used by the seven metropolises comparable to Montreal that succeeded in turning themselves around and were examined in depth in the BMO-BCG report on revitalizing Montreal released in February.

In his address, Mr. Menard touched upon the ten proposals contained in the report:

Proposal 1:  Set an economic ambition: first to rejoin the pack and then to
             become one of the best.

Proposal 2:  Mobilize the business, academic and social community in
             partnership with Montreal's mayor and the MMC.

Proposal 3:  Repair the city.

Proposal 4:  Project ourselves into the future.

Proposal 5:  Retain, attract and welcome talent from everywhere.

Proposal 6:  Favour the emergence of new international leaders.

Proposal 7:  Give Montreal the powers of a metropolis.

Proposal 8:  Give the metropolis the necessary fiscal resources.

Proposal 9:  Promote a unique identity.

Proposal 10: Rigorously measure the progress made.

"Revitalizing a city can happen only when the whole community is involved," said Mr. Menard. "But the starting signal has to be given by the business community. It is our metropolis. We are the creators of jobs and wealth. And if we apply ourselves to the task, we won't be able to recognize Montreal a decade from now."

At the same time, Mr. Menard emphasized that uncertainty has a dampening effect on investment. "Is a company whose market is the United States or Mexico going to invest $100 million in Montreal if it's not sure Quebec will be part of NAFTA in three years?" he asked.

However, Mr. Menard also said he was happy to learn that Quebec's next government would want to take part in Montreal's revival by considering some sort of formal recognition of Montreal's status so that it can compete on a level playing field with North America's other metropolises. In particular, he applauded the alliance between Montreal mayor Denis Coderre and Quebec City mayor Regis Labeaume, stating that the desired Metropolis-Capital pact would give a new boost to Quebec's two largest cities.

Lastly, Mr. Menard shared the results of a Leger poll on how Montreal is perceived in Quebec:

--  71 per cent of Quebecers from all regions combined believe that the
    better Montreal's economy does, the better Quebec's economy will do
--  69 per cent of respondents think that reviving Montreal should be a
    priority
--  72 per cent believe that Montreal's diversity is a good thing for Quebec

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $593 billion and more than 45,500 employees at January 31, 2014.

Contacts:
Media Contact:
Ronald Monet, Montreal
(514) 877-1873
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
Connecting to major cloud service providers is becoming central to doing business. But your cloud provider’s performance is only as good as your connectivity solution. Massive Networks will place you in the driver's seat by exposing how you can extend your LAN from any location to include any cloud platform through an advanced high-performance connection that is secure and dedicated to your business-critical data. In his session at 21st Cloud Expo, Paul Mako, CEO & CIO of Massive Networks, wil...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...