News releases

2013

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December 2013


  • Nearly half of mining and metals companies believe credit availability is improving
    Vancouver, 18 December 2013
    Improved credit availability is set to drive momentum in the mining and metals sector in the year ahead, according to EY’s Capital Confidence Barometer: Mining & metals sector. Fifty-five percent of companies are already focused on growth — compared to 38% in 2012.
  • 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.

November 2013


October 2013


September 2013


August 2013


July 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.

June 2013


May 2013


  • 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.

April 2013


March 2013


February 2013


  • 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.

January 2013