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Recent Canadian news releases issued by EY:
- Molson family to be honoured with family business award
Montreal, 29 September 2015
Molson Coors’ 225th anniversary wasn’t marked with an exclusive party at the company headquarters. Instead, Andrew and Geoff Molson embarked on a family tour across Canada to visit with employees and business partners who have contributed to their family’s success since 1786 – a testament to the family’s values. This fall, EY is celebrating the Molson family with the EY Family Business Award of Excellence. This is the first time a Québec family is receiving this award.
- Cyril Leeder of Ottawa Senators to receive EY community builder award
Ottawa, 28 September 2015
Over 27 years ago, Cyril Leeder, Bruce Firestone and Randy Sexton decided to bring an NHL franchise to Ottawa. In October, EY will honour the daring entrepreneurial spirit that Cyril Leeder, now President of the Ottawa Senators Hockey Club, has used to help build up the Ottawa community over the years.
- John Anderson of Oppenheimer Group named EY Entrepreneur Of The Year™ Pacific 2015
Vancouver, 25 September 2015
John Anderson, Chairman, President and Chief Executive Officer of the Oppenheimer Group, an international distributor of fruit and vegetables, is this year’s Entrepreneur Of The Year Pacific winner.
- EY welcomes renowned policy and tax professional, Dr. Jack Mintz
Toronto, 18 September 2015
Today, EY announced that prominent business, policy and tax professional, Dr. Jack Mintz, has joined the Canadian firm as a National Strategic Policy Advisor.
- Robust cybersecurity at risk as 44% of CFOs say they don’t know enough
about IT issues: EY
Toronto, 17 September 2015
Seventy-one percent of Chief Financial Officers (CFOs) have had increased involvement in the IT agenda in the last three years. But 44% cite insufficient understanding of IT issues as a barrier to collaboration with CIOs.
- Putting purpose ahead of profits: three Canadians to be honoured for social entrepreneurship
Toronto, 9 September 2015
Alberta's Alfred Nikolai (Habitat for Humanity Edmonton), Ontario's Michel Labbé (Options for Homes Non-Profit Corporation) and New Brunswick's Jeff Schnurr (Community Forests International) are social entrepreneurs who are luminaries in their fields.
- Canadian Mining Eye index sees first gain in a year: EY
Toronto, 24 August, 2015
The Canadian Mining Eye index gained 4% during Q2 2015 as compared to a 1% decline in Q1 2015. This was the first quarterly gain since Q2 2014.
- Higher costs, competition cut investment banks’ ROE in half over past 10 years
Toronto, 21 August, 2015
Major investment banks' return on equity has fallen from close to 20% in 2006 to less than 8% in 2014, meaning firms will have to make significant changes to return to double-digit profitability.
- Richardson family to receive the EY Family Business Award of Excellence
Winnipeg, 13 August, 2015
When James Richardson founded a one-man grain merchandising business in 1857 - 10 years before Confederation - he may not have imagined that his entrepreneurial legacy would carry on for over 150 years.
- Canadian back-to-school spending to increase 4%, says EY
Montréal, 4 August, 2015
Retail sales are expected to increase 4% in Canada this year, as inflation and the lower Canadian dollar increase prices, according to EY.
- EY grows its Transaction Advisory Services in Québec
Montréal, 20 July, 2015
EY is pleased to announce that consulting firm Stratmark and its president and founder, Claude Saillant, have joined EY’s Transaction Advisory Services (TAS) practice.
- EY Entrepreneur Of The Year™ celebrates iconic Canadian, Mr. Ches D. Penney
Halifax, 16 July 2015
Mr. Ches D. Penney will receive the EY Entrepreneur Of The Year Atlantic Lifetime Achievement award in recognition of his success as a businessman and committed legacy builder through his business and personal initiatives in the province of Newfoundland and Labrador.
- The Louie family recognized with the EY Family Business Award of Excellence
Vancouver, 14 July 2015
Innovation has been at the heart of the Louie family business for over 100 years. From a small Vancouver general store in the early 1900's to a sprawling empire of grocery, pharmacy and wholesale businesses today, the family has always strived to be true to its core values and maintained exemplary business ethics. This fall, EY is recognizing the Louie family, owners of the H.Y. Louie Co. Ltd., with the EY Family Business Award of Excellence.
- Pacific region’s legacy-building entrepreneurs advance to finalist stage of the EY Entrepreneur Of The Year™ program
Vancouver, 9 July 2015
Accelerating growth, driving innovation and building a strong legacy are what Canadian entrepreneurs do, every day. This year, EY is celebrating the achievements of 31 entrepreneurial stars in the Pacific region through the prestigious EY Entrepreneur Of The Year awards program.
- Prairies region’s legacy-building entrepreneurs advance to finalist stage of the EY Entrepreneur Of The Year™ program
Calgary, 9 July 2015
Accelerating growth, driving innovation and building a strong legacy are what Canadian entrepreneurs do, every day. This year, EY is celebrating the achievements of 43 entrepreneurial stars in the Prairies region through the prestigious EY Entrepreneur Of The Year awards program.
- Ontario region’s legacy-building entrepreneurs advance to finalist stage of the EY Entrepreneur Of The Year™ program
Toronto, July 9 2015
Accelerating growth, driving innovation and building a strong legacy are what Canadian entrepreneurs do, every day. This year, EY is celebrating the achievements of 40 entrepreneurial stars in the Ontario region through the prestigious EY Entrepreneur Of The Year awards program.
- Québec region’s legacy-building entrepreneurs advance to finalist stage of the EY Entrepreneur Of The Year™ program
Montréal, 9 July 2015
Accelerating growth, driving innovation and building a strong legacy are what Canadian entrepreneurs do, every day. This year, EY is celebrating the achievements of 36 entrepreneurial stars in the Québec region through the prestigious EY Entrepreneur Of The Year awards program.
- Atlantic region's legacy-building entrepreneurs advance to finalist stage of the EY Entrepreneur Of The Year™ program
Halifax, 9 July 2015
Accelerating growth, driving innovation and building a strong legacy are what Canadian entrepreneurs do, every day. This year, EY is celebrating the achievements of 28 entrepreneurial stars in the Atlantic region through the prestigious EY Entrepreneur Of The Year awards program.
- Future growth now the top business risk for mining and metals companies
Vancouver, July 7, 2015
Cyclical behavior and short-term focused shareholders have pushed "switch to growth" to the top of EY's annual ranking of business risks in mining and metals companies globally.
- CETA to bring good tidings for Atlantic Canada, says EY
St. John's, June 30, 2015
According to the report, optimistic estimates place ratification of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union in 2016, which could mean that legislation respecting CETA commitments could be in play by late 2016 or early 2017. With current trade patterns bolstered by liberalization, a new, more efficient, borderless and integrated North Atlantic offshore industry is on its way to becoming a reality.
- Canadian entrepreneurs will be a leading source of job creation this year
Toronto, 4 June 2015
Entrepreneurs are a leading source of job creation, with 50% of Canadian entrepreneurs expecting to increase their global workforce this year. This is according to the EY global job creation and youth entrepreneurship survey 2015, a study that surveyed 2,345 entrepreneurs about their hiring plans and 2,807 young people about their entrepreneurial ambitions.
- Decline in Canadian Mining Eye index slows in Q1 2015
Toronto, 28 May 2015
EY’s Canadian Mining Eye index fell 1% in Q1 2015, compared to a 12% decline in Q4 2014. With a weak global macroeconomic backdrop, most players are working on controlling expenses, as declining grades will put continued pressure on costs.
- Linda Hasenfratz of Linamar competing for prestigious EY World Entrepreneur Of The Year™ Award
Toronto, 27 May 2015
Linda Hasenfratz, CEO of Linamar Corporation (TSE:LNR), winner of Canada’s 2014 EY Entrepreneur Of The Year Award, will head to Monaco in June for the 15th EY World Entrepreneur Of The Year Awards. Linda will be among the 65 country winners, representing 53 countries to compete for the world title and cement their legacy by entering the EY World Entrepreneur Of The Year Hall of Fame. The winner will be announced at a ceremony on the evening of Saturday, 6 June in Monaco.
- Digital wealth management entrants here to stay as boomers and millennials want a more engaging and transparent customer experience
Toronto, 12 May 2015
Digital wealth management firms have introduced disruptive industry changes that are here to stay, and traditional players need to act quickly to determine how to stay competitive.
- Record number of Canadian businesses looking at deals, despite tough economy
Toronto, 11 May 2015
According to EY’s latest Canadian Capital Confidence Barometer, confidence in the Canadian economy is down significantly compared to six months earlier. Despite this pessimism, 72% of Canadian businesses reported they’re planning at least one deal in the next 12 months – that’s up from 24% in October, and the highest since EY’s survey launched in 2009.
- Let go to grow: EY report says divestments are key to achieving growth
Toronto, 16 April 2015
Divestments will be a core component of companies’ capital strategy this year, as management teams look to improve portfolio performance and shareholder returns, according to EY’s Global Corporate Divestment Study, Closing the deal: strategies to increase speed and value.
- EY is recognized as one of Great Place to Work® Best Workplaces in Canada
Toronto, 10 April 2015
EY Canada is thrilled to be named as one of the Great Place to Work® Best Workplaces in Canada for 2015.
- Banking errors push Canadian companies to seek alternative service options: EY report
Toronto, 9 April 2015
Poor service is pushing companies to look for alternative banking options, according to EY’s global commercial banking survey: Advancing service in a digital world.
- 92% of energy companies have yet to shift to long-term strategic cost management
Calgary, April 7, 2015
In a new era of lower oil prices, a recent EY survey of senior executives in the Canadian oil patch finds many companies appreciate the need for a more balanced and structured approach to cost management, yet 92% report having either minimal or no long-term strategic cost management strategies actually in place.
- EY sources available to provide federal budget insight
Toronto, 2 April 2015
With a dramatic drop in oil prices and a challenging economic landscape, the federal government stands by its promise to deliver a balanced budget this year. The budget is expected to include tax cuts and increases in benefits to maintain the focus on jobs, growth, and long-term prosperity. In the context of the larger economic landscape, how will Canadian businesses and tax payers be affected?
- EY seeks high potential Canadian women entrepreneurs for 2015 Entrepreneurial Winning Women™ program
Toronto, 9 March 2015
EY is calling on Canadians to nominate successful female entrepreneurs for its 2015 Entrepreneurial Winning Women™ program – an elite business network and customized accelerator program.
- Five traits of an entrepreneurial star
Toronto, 3 March 2015
Canadian entrepreneurs are the rock stars of the business world. Their fearless ambition, commitment and vision continue to drive our economy despite any number of challenges: timing, geography and even luck. The best entrepreneurs — and those who lead their companies to greatness — often have what’s known as the “entrepreneurship gene”. Whether good leaders are born or made, we do know that they share certain star characteristics.
- Canada top country for mining deal volume in 2014
Toronto, 2 March 2015
In 2014, Canada was the most prolific buyer of mining and metals assets in terms of volume, and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared to 2013.
- Transaction market stalled by a dramatic plunge in oil prices
Calgary, 26 February 2015
Since mid-2014, the transaction market in the oil and gas sector has been stalled by a dramatic plunge in oil prices, according to EY’s From scarcity to abundance - Oil and gas transactions in review 2014 - Canada. With current prices and market conditions, EY says few new oil or gas projects globally appear to be economical, and the Canadian industry is not immune.
- Generations X and Y overlooked by Canadian life insurers
Toronto, 25 February 2015
Generations X and Y (Gen X and Y) are overlooked by Canadian life insurers, according to EY’s 2015 Canada life – annuity insurance outlook, released today. Exploring this underserved consumer market will help insurers achieve growth and relieve pressure on costs and margins.
- Data is king in Canada’s challenging P&C insurance market
Toronto, 25 February 2015
Facing cost pressures and market challenges, Canadian P&C insurers must use data and analytics to increase their profit margins, according to EY’s 2015 Canada property-casualty insurance outlook, released today.
- Tax incentives can help mitigate new technology development costs for LNG projects
St. John’s, 25 February 2015
The proposed liquefied natural gas (LNG) projects in Atlantic Canada are expected to face economic challenges due to quickly evolving markets for LNG cargoes, high capital requirements, and the sheer volume of projects competing for investment in North America, says EY in the latest edition of East Coast Offshore.
- Proposed measures to increase CCA rates welcome news for Canadian LNG industry
Ottawa, 24 Februrary 2015
The Department of Finance’s proposal to increase the capital cost allowance (CCA) rates for property acquired for use in liquefied natural gas (LNG) facilities in Canada is welcome news for the Canadian LNG industry, says EY. Still, the firm warns that industry proponents continue to face cost, regulatory and other challenges in the development of Canadian projects, none of which have yet received final investment decision.
- Canadian Mining Eye index continues decline in Q4
Toronto, 23 Februrary 2015
EY’s Canadian Mining Eye index fell 12% during Q4 2014, following a 15% decline in the previous quarter. Still, EY says with lower oil prices, miners will benefit from lower input and freight costs amid metal price weakness, helping them to protect margins.
- EY’s 2015 banking outlook: Time to redefine the core of the bank
Toronto, 18 Februrary 2015
Canadian banks need to reinvent themselves through simplification of businesses, deconstruction of products and an end to global universal banking, according to EY’s Global banking outlook 2015: Transforming banking for the next generation.
- Stay organized in 2015: EY tax tips available now
Toronto, 12 Februrary 2015
With the tax season quickly approaching, now is the time for private company owners to evaluate options available to help reduce tax stress, according to EY’s publication, Taking the stress out of tax season; tips for private company owners to stay organized, in TaxMatters@EY.
- War for talent in mining just heating up
Vancouver, 28 January 2015
The end of the mining boom does not mean victory in the war for talent, according to a new EY report. Instead, EY says it’s merely a ceasefire – and companies must maintain a focus on talent to minimize risks presented by more enduring trends.
- Insurers must embrace digital to improve poor customer relationships
Toronto, 27 January 2015
High turnover and low trust ratings in the Canadian insurance industry could be countered by nurturing better customer relationships, according to EY’s Global Consumer Insurance Survey: Reimagining customer relationships. Digital communication channels and improved distribution strategies will help insurance companies better connect with consumers and gain market advantage.
- Play-based regulation could change the face of energy regulation
Calgary, 13 January 2015
As lower oil prices continue to put pressure on the energy industry, a new EY report finds that play-based regulation (PBR) — an innovative approach to regulating Alberta’s oil and gas industry — has the potential to create numerous benefits for multiple stakeholders including industry, regulators and the public.