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Recent Canadian news releases issued by EY:
- 12 days of tax tips: EY’s annual guide to year-end savings
Toronto, 5 December 2013
It’s that time of year again when Canadians should be making a list of year-end tax considerations and checking it twice, while they still have time. During the hectic month of December, EY’s annual end-of-year tax tips can help Canadians save for their 2013 tax bill. And remember: what made sense last year may change as personal circumstances change.
- Growth is the top strategic priority for 67% of hedge funds this year: EY survey
Toronto, 5 December 2013
As the hedge fund industry matures, most managers are increasingly focused on growth, according to EY’s seventh annual survey of the global hedge fund market. However, the survey shows that while managers want to grow through new products and distribution channels, investors aren’t necessarily planning to increase their investments.
- Geoffrey Smith of EllisDon Corporation named Canada’s 2013 EY Entrepreneur Of The Year
Toronto, 28 November 2013
Congratulations to Geoffrey Smith of EllisDon Corporation — Canada's 2013 EY Entrepreneur Of The Year!
- 84% of executives say developing and managing teams is essential for future competitiveness: EY survey
Toronto, 27 November 2013
EY Canada named one of Greater Toronto’s Top Employers
- Canadian companies focused on cost efficiency to fuel growth investment: CFERF survey
Toronto, 22 November 2013
Canadian companies may be more optimistic about access to credit, but they’re keeping a tight hold on costs ahead of investing for growth. In fact, 60% of companies expect cost reduction and process efficiency to be the most important areas of focus when it comes to business improvement over the next two years, according to a new Canadian Financial Executives Research Foundation (CFERF) study, sponsored by EY.
- Appetite for acquisitions stronger in US than Canada for first time in two years: EY survey
Toronto, 19 November 2013
For the first time in two years, US companies are more inclined to pursue deals than their Canadian counterparts. According to EY’s latest Canadian Capital Confidence Barometer, only 33% of Canadian companies intend to pursue acquisitions within the next 12 months, compared to 41% in the US.
- Security incidents up for 51% of Canadian businesses: EY survey
Toronto, 19 November 2013
While Canadian organizations say they’re focused on fending off cyber risks, more than half of those surveyed report an increase in security incidents over the last 12 months, EY finds in a new survey. That’s a 29% spike over the 2012 results.
- “Hidden” opportunity for organizations to build more diverse teams, according to a new EY and RBC report
Toronto, 15 November 2013
Savvy business leaders know that having diverse teams is a competitive advantage in today’s fast-evolving, increasingly global environment. But according to a new report by EY and RBC even leaders with the best intentions may be unconsciously stifling diversity in their organizations.
- Two Canadians win spots in EY’s prestigious 2013 Entrepreneurial Winning Women™ program
Toronto, 15 November 2013
Today, EY announced Canadians Kelsey Ramsden, President, Belvedere Place Development Ltd. and Corin Mullins, CEO, Holy Crap Cereal will be part of its 2013 class of Entrepreneurial Winning Women. The North American competition and executive leadership program identifies a select group of high-potential women entrepreneurs whose businesses show real potential to scale — and then helps them do it. This is the first year the program has included women from Canada.
- Canadian mining equities laser-focused on cost management despite uptick in performance
Toronto, 7 November 2013
Canadian mining equities witnessed a slight improvement in performance during the third quarter, but cautious investor sentiment remains, according to EY’s Canadian Mining Eye: Q3 2013.
- Tepid optimism around Canadian holiday sales with 3.5% growth expected
Toronto, 31 October 2013
While economic uncertainty persists at home and abroad, Canadian holiday retail sales are expected to grow 3.5% over last year, supported primarily by online commerce, EY says.
- Marc Dutil of Groupe Canam Inc. named 2013 Québec EY Entrepreneur Of The Year
Montreal, 31 October 2013
EY celebrated 20 years of honouring great entrepreneurs by presenting Marc Dutil of Groupe Canam Inc. — the largest fabricator of steel components in North America — with the 2013 Québec EY Entrepreneur Of The Year award.
- His Excellency The Right Honourable David Johnston receives EY’s Supporter of Entrepreneurship special citation in Ontario
Toronto, 25 October 2013
EY honoured his Excellency The Right Honourable David Johnston with a special citation for his unwavering commitment to and support of entrepreneurship in Ontario. The 20th anniversary EY Entrepreneur Of The Year Supporter of Entrepreneurship Award recognizes his many contributions to Canada’s rich entrepreneurial culture, specifically in the Waterloo region. The award was presented at EY’s Ontario Entrepreneur Of The Year gala last night.
- Geoffrey Smith of EllisDon Corporation named 2013 Ontario EY Entrepreneur Of The Year
Toronto, 25 October 2013
EY celebrated 20 years of honouring great entrepreneurs by presenting Geoffrey Smith of EllisDon Corporation — an employee-owned company that delivers construction expertise to clients throughout the world — with the 2013 Ontario EY Entrepreneur Of The Year award.
- Insurers risk losing competitive advantage if they don’t embrace digital: EY survey
Toronto, 22 October 2013
Insurers – slow to embrace digital – are missing the mark on delivering enriching experiences that customers now expect, according to an EY survey launched today.
- EY’s Entrepreneur Of The Year to honour Québec visionaries Bernard, Laurent and Alain Lemaire
Montreal, 21 October 2013
Bernard, Laurent and Alain Lemaire of Cascades will receive EY’s Entrepreneur Of The Year 20th anniversary Québec Lifetime Achievement Award, in recognition of their significant contributions to the Québec economy, and their achievements as influential leaders committed to building a better working world.
- Dale Wishewan of Booster Juice named 2013 Prairies EY Entrepreneur Of The Year
Calgary, 18 October 2013
EY celebrated 20 years of honouring great entrepreneurs by presenting Dale Wishewan of Booster Juice — an international quick-service smoothie chain — with the 2013 Prairies EY Entrepreneur Of The Year award.
- Structural shift in oil and gas industry drives performance improvement initiatives: EY report
Calgary, 17 October 2013
The Canadian oil and gas industry is undergoing a fundamental structural shift and can no longer rely on cyclical commodity price improvements to achieve optimal business performance, says EY in a new report. Top performing companies are managing this shift with a new approach to performance improvement.
- Glenn Johnson of Endurance Wind Power, Inc. named 2013 Pacific EY Entrepreneur Of The Year
Vancouver, 5 October 2013
EY celebrated 20 years of honouring great entrepreneurs by presenting Glenn Johnson of Endurance Wind Power, Inc. — a leading manufacturer of advanced wind turbines — with its 2013 Pacific EY Entrepreneur Of The Year award.
- Francis McGuire of Major Drilling Group International Inc. named 2013 Atlantic EY Entrepreneur Of The Year
Halifax, 4 October 2013
EY celebrated 20 years of honouring great entrepreneurs by presenting Francis McGuire of Major Drilling Group International Inc. — one of the world’s largest drilling services companies — with its 2013 Atlantic EY Entrepreneur Of The Year award.
- Developing young people critical to long-term business success
Toronto, 24 September 2013
Building diverse teams that span generations is central to providing the best business results, says EY. Today, the firm was named among Canada’s Top Employers for Young People.
- Purdys Chocolatier’s Karen Flavelle to receive EY’s Family Business Award of Excellence
Vancouver, 23 September 2013
In honor of Purdys Chocolatier’s generations of entrepreneurial achievement, EY will award its prestigious Family Business Award of Excellence in the Pacific region to Karen Flavelle at the Pacific Entrepreneur Of The Year gala on 4 October 2013.
- 61% of Canadians would switch banks for personalized rewards: EY survey
Toronto, 12 September 2013
With 61% of Canadians reporting they would switch banks for better rewards, banks need to sharpen their focus on improving the customer experience in order to retain existing customers and attract new ones, a recent EY survey reveals.
- Canada among top 5 real estate destinations globally: EY survey
Toronto, 29 August 2013
Eighty-five percent of real estate industry executives say the global economy is improving or stable, and Canada is poised to benefit from that optimistic outlook, according to EY's Global Capital Confidence Barometer: Real Estate, Hospitality and Construction.
- Canada named a “top 5” country for entrepreneurship: EY survey
Toronto, 27 August 2013
Scoring consistently high on nearly all categories of the entrepreneurial environment, Canada ranks among the top five countries in the EY G20 Entrepreneurship Barometer 2013, released today.
- Canadian companies more focused on critical tax risk management
Ottawa, 8 August 2013
As tax controversies continue to make headlines around the world, a new EY survey finds risk management is the top transfer pricing priority for 76% of Canadian companies.
- Drop in gold price sharpens decline in TSX and TSXV listings: EY Q2 Canadian Mining Eye
Toronto, 6 August 2013
Headwinds felt by Canadian mining and metals companies in the first quarter of the year continued in Q2 with the TSX and TSXV closing with a 34% decline — a drop exacerbated by ongoing uncertainty around the price of gold, according to EY’s Canadian Mining Eye: Q2 2013.
- Canadian back-to-school spending to grow 4%, highest since 2008
Montreal, 31 July 2013
With a relatively robust economy, more shopping choices, improved consumer confidence and momentum from the tail end of the spring season, 2013 back-to-school spending in Canada is set to climb 4% over last year, the highest growth level expected since the financial crisis, according to EY.
- EY publishes new book to help mining companies navigate tax in Canada
Toronto, 25 July 2013
Ernst & Young’s Guide to the Taxation of Mining Operations is an easy-to-use reference guide designed to assist Canadian mining businesses in interpreting and applying the rules under the federal Income Tax Act, as well as under provincial mining tax legislation in certain provinces. The book is available now.
- Market-entry strategy key to foreign players’ success in Canada’s oil and gas industry
Calgary, 17 July 2013
State-owned enterprises (SOEs) need a well-planned and executed market-entry strategy to benefit from opportunities in Canada’s oil and gas industry, EY said today as it launched a new report, Playing by the local rules: state-owned enterprise success in Canada’s oil and gas industry.
- EY closes deal to create one of the largest SR&ED practices in Canada
Toronto, 5 July 2013
EY officially welcomed boutique firm SRED Automation into its family today, broadening the firm’s entrepreneurial and western Canada footprints while simultaneously creating one of Canada’s largest dedicated Scientific Research & Experimental Development (SR&ED) practices.
- EY announces Pacific Entrepreneur Of The Year 2013 finalists today
Vancouver, 4 July 2013
EY is proud to announce the 2013 Pacific Entrepreneur Of The Year finalists today. The announcement marks 20 years of shining the spotlight on leading entrepreneurs revving the job creation engine across Canada and around the world.
- EY announces Prairies Entrepreneur Of The Year 2013 finalists today
Calgary, 4 July 2013
EY is proud to announce the 2013 Prairies Entrepreneur Of The Year finalists today. The announcement marks 20 years of shining the spotlight on leading entrepreneurs revving the job creation engine across Canada and around the world.
- EY announces Ontario Entrepreneur Of The Year 2013 finalists today
Toronto, 4 July 2013
EY is proud to announce the 2013 Ontario Entrepreneur Of The Year finalists today. The announcement marks 20 years of shining the spotlight on leading entrepreneurs revving the job creation engine across Canada and around the world.
- EY announces Quebec Entrepreneur Of The Year 2013 finalists today
Montreal, 4 July 2013
EY is proud to announce the 2013 Quebec Entrepreneur Of The Year finalists today. The announcement marks 20 years of shining the spotlight on leading entrepreneurs revving the job creation engine across Canada and around the world.
- EY announces Atlantic Entrepreneur Of The Year 2013 finalists today
Halifax, 4 July 2013
EY is proud to announce the 2013 Atlantic Entrepreneur Of The Year finalists today. The announcement marks 20 years of shining the spotlight on leading entrepreneurs revving the job creation engine across Canada and around the world.
- Mark Weinberger becomes EY Global Chairman and CEO
Toronto, 3 July 2013
EY announced this week that Mark Weinberger has become Global Chairman and CEO. The professional services organization also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose.
- Ernst & Young Charity Golf Classic makes sizeable donation to new Peter Gilgan Centre for Research and Learning at SickKids
Toronto, 24 June 2013
On June 12, 2013, Ernst & Young partners, staff, clients and guests teed off for the Ernst & Young Charity Golf Classic in support of The Hospital for Sick Children’s (SickKids) new Peter Gilgan Centre for Research and Learning. The event raised over $230,000.
- Media companies’ digital revenues set to overtake traditional by 2015
Toronto, 19 June 2013
According to a new EY survey, digital will soon be the largest source of revenue for media and entertainment companies, with 68% of companies reporting that smart mobility will drive revenue growth.
- Capital dilemmas top risk facing mining and metals companies in 2013–14
Toronto, 13 June 2013
Capital allocation and access to capital have rocketed to the top of the business risk list for mining and metals companies globally, up from number eight in 2012, in Ernst & Young’s annual Business risks facing mining and metals 2013–14 report, released today.
- EY’s acquisition puts SR&ED practice among largest in Canada
Toronto, 11 June 2013
EY is growing its dedicated Scientific Research and Experimental Development (SR&ED) team to one of the largest in the country, by today signing a letter of intent to integrate boutique firm SRED Automation into the EY family.
- TSX and TSXV loss captured in EY’s Canadian Mining Eye index: available now!
Vancouver, 11 June 2013
Our latest quarterly Canadian Mining Eye index shows Canadian mining equities continued to significantly underperform in the first quarter of the year given concerns around global economic growth and, as a result, commodity prices.
- EY Entrepreneur Of The Year celebrates iconic Canadian, Daniel E. Williams
Halifax, 5 June 2013
Daniel “Danny” Williams will receive the EY Entrepreneur Of The Year 20th anniversary Atlantic Lifetime Achievement award in recognition of his substantial achievements as a successful lawyer and businessman, and a dedicated public servant.
- 56% of non-tax business leaders aren’t up to speed on tax risk management
Toronto, 3 June 2013
Tax controversies between companies and the Canadian tax authorities are not uncommon, and are increasing, according to EY’s latest Canadian tax governance survey. To minimize the threat to a company, tax risk management needs to be a business-wide issue.
- Canadian biotechs resilient – but financing flat at $US733m for 2012
Toronto, 23 May 2013
Despite powerful science and great talent, financing for Canadian biotechs was flat in 2012. That means companies must boost their focus on efficiency and results if they hope to attract new investment, according to results from EY’s 27th annual biotech industry report.
- Only 24% of mining and metals companies focused on M&A in 2013 despite economic optimism
Vancouver, 14 May 2013
Only 24% of global mining and metals companies are focused on M&A in the next six months, despite the fact that 57% of companies view the economy as improving — up from 21% in October, EY’s eighth semiannual Global Capital Confidence Barometer - Mining & Metals reveals.
- 56% of Canadian executives believe economy is improving, up from 29% in October
Toronto, 8 May 2013
Optimism in the Canadian economy has spiked significantly over the last six months, according to EY’s latest Capital Confidence Barometer. Fifty-six percent of Canadian executives believe the country’s economy is improving, up from only 29% in October, with access to capital, employment growth and corporate earnings all showing positive gains.
- Power and utilities companies rank compliance and regulation as biggest concern
Toronto, 23 April 2013
Responding to frequently changing regulations and managing the effect on business and stakeholders are now the biggest concerns for power and utilities executives around the world — up from 2011 — according to a new EY survey.
- Ten last-minute tax tips to help you save time — and money
Toronto, 22 April 2013
With the 2012 personal income tax return filing deadline fast approaching, here are some practical suggestions from EY’s latest Tax Matters@EY. Some will save you time and — best of all — some may even save you money.
- What talent? Long-term workforce strategy needed to stay competitive
Toronto, 10 April 2013
Most companies know the kind of talent they need to support their bottom line, such as people with a global mindset, but few have the strategies in place to get the skills they need in the long-term, says EY — named today as an eight-time Great Place to Work® award winner in Canada.
- Canadian P&C insurers must heed customer preferences to grow
Toronto, 4 April 2013
From new product development and marketing to distribution, Canadian property and casualty (P&C) insurers that harness the vast volume of data available to them to gain insight into customer preferences and behaviour will be better positioned for growth, says Ernst & Young.
- EY launches Entrepreneurial Winning Women in Canada to take women-led businesses to the next level
Toronto, 2 April 2013
Worldwide, women operate more than a quarter of all private businesses and start companies at nearly twice the rate of men. But despite early robust growth, they aren’t reaching their potential, says EY. The firm is looking to change that.
- 43% of Canadian business community rate Federal budget a “B” or higher
Toronto, 27 March 2013
While 43% of Canadian business people surveyed rated last week’s Federal budget a “B” or higher overall, respondents were generally split down the middle on the specific measures it entailed, EY finds. That said, 57% ranked this year’s budget a “C” or worse.
- EY breaks down the federal budget
Toronto, 15 March 2013
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?
- Canadian life insurers in better shape than their US counterparts
Toronto, 14 March 2013
Canadian life insurers enjoy a relatively good position compared to their US counterparts, says EY. But companies need to creatively adjust their products, business strategies and services for growth in a competitive market characterized by lower margins and changing demographics.
- Apply within: Harnessing the power of diversity key to growth locally and globally
Toronto, 12 March 2013
Companies seeking growth in both local and global markets need to leverage the not-so-“secret weapon” of diversity in their business strategies, says EY, recently named one of Canada’s 2013 Best Employers for New Canadians.
- Canada bucks global trend with technology deal volume up 21% in 2012
Toronto, 6 March 2013
Despite flatlining global technology mergers and acquisitions (M&A) volume year over year in 2012, Canadian volume was up 21% according to EY’s Global technology M&A update.
- Cost competitiveness key issue for Canadian miners
Toronto, 4 March 2013
Cost control and capital allocation among sector challenges discussed at PDAC.
- Entrepreneurs turn us on: EY launches 20th year of Entrepreneur Of The Year
Toronto, 1 March 2013
With entrepreneurs accounting for 50% of employment in most G20 countries, celebrating and advocating for these innovative businesses is more important than ever before, EY said today while launching the 20th anniversary year of its Entrepreneur Of The Year program in Canada.
- 54% of entrepreneurs plan to boost workforce in 2013
Toronto, 21 February 2013
Entrepreneurs in Canada and around the world are optimistic about the year ahead, with more than half expecting to grow their workforce in 2013, EY finds in its latest global survey.
- Canadian mining deal value and volume down 37%, 19% in 2012
Vancouver, 21 February 2013
Canadian mining deal value and volume fell 37% and 19%, respectively, year over year in 2012, but activity is set to pick up in the year ahead, according to EY’s new report Mergers, acquisitions and capital raising in mining and metals: 2012 trends, 2013 outlook.
- Only 53% of companies plan to focus on improving working capital in 2013
Toronto, 20 February 2013
While 80% of Canada’s financial executives remain focused on increasing operational efficiency and reducing costs this year, only 53% are looking at ways to improve working capital. That could be a missed opportunity, according to a new Canadian Financial Executives Research Foundation (CFERF) study sponsored by EY.
- Differences wanted: EY hails diversity as critical to global success
Toronto, 19 February 2013
As businesses seek growth — locally and worldwide — they must shore up their workforces with the diverse perspectives they need to challenge outdated ideas, and adapt to thrive in new environments, says EY, just named one of Canada’s 2013 Best Diversity Employers.
- 37% of oil and gas companies pursue divestments amid capital constraints
Calgary, 11 February 2013
Growing pressures around cost and access to capital are setting the stage for a dynamic year of transaction activity in Canada’s oil and gas industry, with divestments taking on a greater strategic role, according to EY.
- Canadian mining companies focused on cost control, project execution in 2013
Vancouver, 7 February 2013
Canadian mining and metals companies are keeping cost control and project execution top of mind this year as shareholders become more risk averse, says EY.
- Acquisition pricing more challenging than ever for Canadian power and utilities
Toronto, 6 February 2013
Canadian power and utilities companies are showing an appetite to grow and diversify through acquisitions in 2013, according to a new EY report. However, with changing regulatory structures in different jurisdictions, companies are facing increased uncertainty when it comes to pricing the deals.
- Private mid-market companies can’t afford to stand still in 2013
Toronto, 24 January 2013
Canadian companies operating in the private mid-market will face a number of common obstacles on their road to growth and profitability in the year ahead.
- Calgary’s Dr. Alan Ulsifer of FYidoctors named Canada’s EY Entrepreneur Of The Year® 2012
Toronto, 17 January 2013
Dr. Alan Ulsifer, President and Chief Executive Officer of FYidoctors — Canada’s largest independent eye care product and service provider — is this year’s National EY Entrepreneur Of The Year winner.
- EY and Plan Canada join forces to provide disaster relief and recovery
Toronto, 9 January 2013
Responding effectively to natural disasters and emergencies is critical to the success of relief efforts, EY and Plan Canada said today when announcing a new agreement. To support Plan Canada’s disaster relief and recovery work, EY is donating $150,000 over three years to their cause.