The downtown region houses many corporate headquarters as well a large majority of the city's skyscrapers — which, by law, cannot be greater in height than Mount Royal in order to preserve the aesthetic predominance and intimidation factor of the mountain. The two tallest of these are the 1000 de La Gauchetière and 1250 René-Lévesque, both of which were built in 1992. The Tour de la Bourse is also a significant high-rise and is home to the Montreal Exchange that trades in derivatives. The Montreal Exchange was originally a stock exchange and was the first in Canada. In 1999, all stock trades were transferred to Toronto in exchange for an exclusivity in the derivative trading market.
The Statistics Canada article Defining Canada’s Downtown Neighbourhoods: 2016 Boundaries counted 88,169 people, and 299,245 jobs.[4] The population density was approximately 66 people per hectare, while the job density was 226 jobs per hectare.
Most recently, the 2021 Canadian census counted 109,509 people living within Downtown Montreal's boundaries, an increase of 21,340 people. An increase of 24.2 percent increase , it was the second-fastest growth within downtowns in Canada after Downtown Halifax. The population density increased from approximately 66 people per hectare in 2016 to approximately 82 people per hectare in 2021.[5]
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Air Canada was formerly headquartered in Downtown Montreal. In 1990, the airline announced that it was moving its headquarters from Downtown Montreal to Montreal-Trudeau Airport to cut costs.[6][7]
Downtown Montreal is mostly in the federal electoral district of Ville-Marie—Le Sud-Ouest—Île-des-Sœurs, with some areas in the north around Mount Royal being in the district of Outremont and the eastern portion belonging to Laurier—Sainte-Marie. All three of these seats are currently held by members of the Liberal Party, with the former two in particular being safe Liberal seats.
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