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Recent Canadian news releases issued by EY:

December 2014

  • Plan now to save in 2015: EY popular year-end tax guide available now
    Toronto, December 11 2014
    With the new year quickly approaching, now is the time for individuals and business owners to consider options to help reduce tax balances in April, according to EY’s publication, Top ten year-end tax conversations, in TaxMatters@EY
  • Investors shifting strategies are driving hedge funds towards new products
    Toronto, 3 December 2014
    As asset growth in traditional hedge funds from institutional investors continues to slow, hedge fund managers are considering new products to attract investor assets and drive growth, according to EY’s 2014 global hedge fund and investor survey, Shifting strategies: winning investor assets in a competitive landscape.

November 2014

October 2014

  • Canadian holiday retail sales expected to grow 3.3%
    Toronto, 30 October 2014
    Canadian holiday retail sales are expected to grow 3.3%, over the comparatively weak 2013 holiday season.
  • Linda Hasenfratz of Linamar Corporation named EY Entrepreneur Of The Year™ Ontario 2014
    Toronto, 30 October 2014
    Linda Hasenfratz, Chief Executive Officer of Linamar Corporation — a diversified global manufacturing company of highly engineered products powering vehicles, motion and lives — is this year’s EY Entrepreneur Of The Year Ontario winner.
  • Canadian banks not immune from pressure of regulatory change
    Toronto, 27 October 2014
    According to EY’s annual risk management survey of major financial institutions around the world, regulatory changes – combined with other risks – are placing increased pressure on traditional business models, and Canadian banks are not immune.
  • José Boisjoli of BRP named EY Entrepreneur Of The Year™ Québec 2014
    Montréal, 24 October 2014
    José Boisjoli, President and Chief Executive Officer of BRP — a world leader in the design, manufacturing, distribution and marketing of motorized recreational vehicles and power sports engines — is this year’s Entrepreneur Of The Year Québec winner.
  • Bill McCaffrey of MEG Energy named EY Entrepreneur Of The Year™ Prairies 2014
    Calgary, 17 October 2014
    Bill McCaffrey, President and Chief Executive Officer of MEG Energy — a Canadian oilsands company focused on sustainable in situ development and production in the southern Athabasca oilsands region of Alberta — is this year’s Entrepreneur Of The Year Prairies winner.
  • Despite high confidence in economy, Canadian M&A market stagnant
    Toronto, 15 October 2014
    According to EY’s latest Canadian Capital Confidence Barometer, a full 98% of executives surveyed in Canada believe both the Canadian and global economies are either stable or improving. Still, only 24% expect their company to pursue an acquisition in the next 12 months. That’s down from 41% in April, and the lowest level in the last two years.
  • EY to grow Advisory services practice for second time in 2014
    Calgary, 9 October 2014
    For the second time in 2014, EY is announcing a transaction to grow its Advisory practice. The global professional service firm has signed a letter of intent for Calgary-based advisory firm Up Consulting to join EY on approximately 10 November.
  • Co-ops at risk of losing competitive advantage over banks
    Quebec City, 9 October 2014
    Five significant and interrelated forces are in the midst of transforming the financial services industry, according to EY’s Global banking outlook 2014-15. EY warns that, collectively, these forces threaten a number of the traditional competitive advantages co-ops have held over banks.
  • Big data to drive business-model change at financial co-ops
    Quebec City, 8 October 2014
    Co-ops and credit unions should use big data technologies to help transform their business model if they want a true competitive advantage. According to EY's Global Ready to takeoff report, 20% of businesses that successfully use data outperform their peers by up to 20%.
  • EY welcomes former Chief of Tsawwassen First Nation Kim Baird to team in BC
    Vancouver, 7 October 2014
    EY is pleased to announce a new partnership with Kim Baird — renowned First Nations leader and recent Order of Canada recipient — to enhance the firm’s expertise in supporting corporate and public sector clients better engage and partner with First Nations to promote joint economic development.
  • Co-ops beat banks on problem resolution: EY survey
    Quebec City, 7 October 2014
    Compared to traditional banks, co-ops and credit unions do a better-than-average job of resolving member issues. According to EY’s 2014 Global Consumer Banking Survey, 51% of co-op and credit union members report they are “very satisfied” with problem resolution, compared to only 25% for banking customers overall.
  • EY sees innovation as key growth driver for cooperatives worldwide
    Montreal, 6 October 2014
    To meet the evolving needs of members and ensure long-term viability against a backdrop of constant change, cooperatives will have to put innovation front and center. That includes leveraging a winning member experience, using big data technologies and transforming business models, says EY, a proud participant in the 2nd International Summit of Cooperatives. EY will take part in lively discussions on the big issues facing cooperatives and mutuals today and tomorrow.
  • Robert Crosbie of Crosbie Group Limited named EY Entrepreneur Of The Year™ Atlantic 2014
    Halifax, 4 October 2014
    Robert Crosbie, Chairman and Chief Executive Officer of Crosbie Group Limited — a privately held family business involved in the offshore oil and gas, onshore industrial, real estate and construction sectors — is this year’s Entrepreneur Of The Year Atlantic winner.
  • Thomas Leavitt of Leavitt Machinery named EY Entrepreneur Of The Year™ Pacific 2014
    Vancouver, 1 October 2014
    Thomas Leavitt, President and Chief Executive Officer of Leavitt Machinery — one of the fastest growing materials handling equipment dealers in North America — is this year’s Entrepreneur Of The Year Pacific winner.

September 2014

August 2014

July 2014

June 2014

May 2014

April 2014

March 2014

February 2014

  • Canadian mining deal volume continues seven-year decline, falling 33% in 2013
    Toronto, February 26 2014
    Transactions in the global mining and metals industry — and Canada —continued to decline off the back of a seven-year low in volumes in 2013, reveals EY’s Mergers, acquisitions and capital raising in mining and metals: 2013 trends 2014 outlook report.
  • EY calls for bold action to move women into board and executive roles
    Toronto, February 24 2014
    Women are making little to no progress in breaking down the barriers to executive leadership or board membership – but that can change, EY says in a new report released today.
  • EY sources available to provide federal budget insight
    Toronto, 10 February 2014
    The federal government continues its mission to balance the budget by 2015. With promises to close remaining tax loopholes and maintain its focus on jobs, growth and long-term prosperity – all while not increasing taxes – what will be the impact on Canadian businesses and taxpayers?
  • Inclusiveness drives long-term business success
    Toronto, 10 February 2014
    Fostering diverse teams is critical to long-term success in today’s fast-evolving, increasingly global world, says EY. Today, the firm — celebrating its 150th anniversary in Canada this year — was named one of Canada’s Best Diversity Employers for the seventh year in a row.
  • Canadian mining equities down 45% year-over-year according to Q4 Canadian Mining Eye
    Toronto, 6 February 2014
    Canadian mining equities witnessed a 45% decrease in market capitalization over the course of 2013, according to EY’s Canadian Mining Eye: Q4 2013.
  • Interest rate risks, subpar yields challenging Canadian life insurers
    Toronto, 5 February 2014
    Despite signs of improving market conditions on the global scale, a new EY report suggests – in Canada’s continuing low interest rate environment – life insurers should be focusing on their product offerings to make up for subpar yields, while giving customers what they want and spurring growth.

January 2014