said by Guspaz:iWeb certainly does do gigabit colo. You get a neutral half-rack for $399, which includes a free cross-connect to the meet-me room. You then contract your bandwidth directly with any provider you want, which includes Videotron, Tata/Teleglobe, MTO, Cogent, FibreNoire, Peer1, Level3, Deutsche Telekon, etc.
I don't know if Cogent does the buck-a-meg deal in Montreal, but if they do, that would be $1400 a month for a half rack (22U), 15 amps, and a gigabit unmetered.
I'm sure Hurricane (he.net) will get very low on pricing for connectivity there.
Thanks for backing up my post though.