BMO Capital Markets: Montreal: Leaning into the Economic Headwinds
-Projected modest but stable job growth: 90,000 new jobs by 2016
-Forecast decrease in unemployment rate from 8.2% to slightly above 7%
-Aerospace sector stable
-Pharmaceuticals sector struggling
-Housing market softening like the rest of Canada
-15,000 apartment units under construction compared to 1,600 single detached homes
-Non-residential construction stable
-Slowing population growth, despite robust international migration
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