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Originally Posted by P'tit Renard
On that front Montreal does surprisingly well relative to Toronto. Aside from the highly coddled Big5 banks and insurance majors, and the lecherous telecoms, Toronto has very few homegrown champions to speak of that drives innovation and/or makes a global impact. Toronto still mainly functions as a branch plant for foreign Fortune 500 companies.
It reminds me of SACO, who I recently learned were the Montreal creatives behind the Vegas sphere. Even before they mentioned Montreal, I already ruled out in my mind that they would be from Toronto: https://globalnews.ca/video/10008910/las-vegas-sphere-canadians-behind-mind-blowing-attraction
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Okay, I think you're dumping on Toronto a bit too much here.
A lot of this can be lobbed against Montreal companies too. CN, Air Canada, PSPP, etc. basically exist in Montreal due to Federal government interference/protection. In fact, I think almost all major multinationals exist to some extent because they're protected, subsidized, or get sweetheart contracts from their countries' governments (e.g. military procurement). One of the reasons why our companies tend to die is because our governments don't have as deep pockets as the US or EU - a very good example of this being BBD Aerospace (Montreal, again).
I also don't think Couche Tard is any different from Brookfield or Oxford Properties in terms of having major subsidiaries in other countries where all the major decisions are made there, rather than Montreal.
Finally, I don't know if multinational HQs trickle down to really make cities better places the way they used to. Back in the day, sure, Kodak put Rochester on the map, it employed locals to do high value work at good salaries, and the CEO and the C-suite lived in this midsized American city and contributed to the city's civic life and philanthropy. I don't think this can be said for many multinationals today, whose controlling stakeholders might be foreign VC firms, who register in Ireland or Delaware to avoid taxes, and where the CEO doesn't give a shit about the city other than that one of his houses is there. MonkeyRonin talked about how Vancouver doesn't have the corporate sponsors to put on a Santa Claus parade. But there are homegrown Vancouver corporations. Why doesn't Lululemon (USD 52B market cap) throw a few bucks its way? Why isn't there a Chip Wilson Centre for the Performing Arts?