News releases

2012

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March 2012

  • Ernst & Young breaks down the federal budget
    Toronto, 22 March 2012
    As all governments grapple with the challenges of weaker global growth and the persistent global financial turmoil, eyes will be on the Canadian federal budget this March 29. Many anticipate that to erase the federal deficit by 2015, this year’s budget will announce big changes and possible cuts to programs that will affect both Canada’s private and public businesses across all industries and sectors of the economy.
  • Canadian oil and gas deal value down 60% in 2011 but opportunities exist in 2012
    Calgary, 19 March 2012
    Deal value in Canada’s oil and gas sector decreased by 60% in 2011 while the total number of deals declined from 202 in 2010 to 138 year over year, according to Ernst & Young.
  • Technology M&A in Canada nearly doubled in 2011
    Toronto, 14 March 2012
    The number of technology mergers and acquisitions (M&A) in Canada nearly doubled from 15 deals in the fourth quarter of 2010 to 27 in 2011, according to Ernst & Young’s Global technology M&A update and 2011 review.
  • Building diverse teams inspires innovative client service
    Toronto, 14 March 2012
    Ernst & Young has been selected as one of the Best Employers for New Canadians for 2012: an award that recognizes employers who foster inclusive and welcoming work environments for new immigrants and foreign-trained professionals.
  • Canada’s game-changing entrepreneurs build more than mere businesses
    Toronto, 1 March 2012
    Canada’s entrepreneurs contribute to more than the bottom line — they are powerful agents of change who create the products, methods, markets and solutions that drive the economy forward. Ernst & Young continues to recognize game-changing entrepreneurs with today’s launch of the 19th season of its Entrepreneur Of The Year Awards in Canada.

February 2012

  • Canadians demanding more from insurers than ever before
    Toronto, 29 February 2012
    Confusing product choices and poor customer service are just some of the concerns Canadians have with their insurance companies, Ernst & Young says in a recent first-of-its-kind global survey. Some 24,000 people were surveyed for the report, with three-quarters of North American life and annuity respondents agreeing that the insurance industry lags behind others in both quality of service and rewarding customer loyalty.
  • Diversity and inclusiveness can boost financial performance, and then some
    Toronto, 21 February 2012
    Companies with sustainable inclusiveness initiatives have a competitive advantage in a globalized economy, says Ernst & Young, one of Canada’s Best Diversity Employers for 2012.
  • Canada’s small public companies struggled to secure financing in 2011, financial executives say
    Toronto, 21 February 2012
    Despite Canada’s relatively stable economic landscape, small public companies here are still struggling to obtain access to credit — a critical cornerstone in their ability to succeed, according to a study by the Canadian Financial Executives Research Foundation (CFERF) and sponsored by Ernst & Young.

January 2012

  • Canadian insurers well positioned despite challenging year ahead
    Toronto, 30 January 2012
    The Canadian insurance industry faces a challenging climate, but there are opportunities for success — if insurers make the right moves in 2012, Ernst & Young says.
  • Canadian retailers face pressure-cooker year ahead
    Toronto, 19 January 2012
    Canadian retailers will have no time to enjoy the post-holiday season, as 2011 challenges spill into 2012. Retailers face numerous challenges, including an influx of foreign competitors, weak consumer sentiment and decreased consumer buying power, says Ernst & Young.