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Recent Canadian news releases issued by EY:

May 2016

  • Canadian Mining Eye index surges ahead in Q1 after several weak quarters: EY
    Toronto, 24 May 2016
    EY’s Canadian Mining Eye index gained 26% during Q1 2016, significantly outperforming the S&P/TSX Composite index and the London Metal Exchange. This is a large turnaround compared to just a 2% gain in Q4 2015. The index’s gains were mainly driven by an increase in commodity prices, largely on the back of a robust increase in gold prices.
  • Private companies are finding balance amid uncertainty
    Toronto, 19 May 2016
    Since the beginning of the year, the Canadian dollar has hit a 12-year low and subsequently rebounded, the price of oil has been unpredictable at best, and commodity prices have yet to rebound across the board. But according to EY, private businesses are finding balance amid this uncertainty, and many are using the current market conditions as a catalyst for success.
  • Canadian businesses more bullish about deals than global counterparts
    Toronto, 12 May 2016
    Despite the low Canadian dollar and other challenging economic conditions, Canadian companies say they are actively pursuing M&A opportunities in the near future. According to EY's latest Canadian Capital Confidence Barometer, 61% of respondents plan to actively explore acquisitions in the next 12 months, compared to just 50% of global respondents.

April 2016

  • EY named one of the Best Workplaces in Canada overall and Best Workplaces for Women by Great Place to Work®
    Toronto, 27 April 2016
    EY was named one of the Best Workplaces in Canada again in 2016 by Great Place to Work® Institute Canada. The firm is very proud to also be recognized as one of the 50 Best Workplaces in Canada for Women
  • Better workplaces help attract and retain better people, generate better results
    Calgary, 20 April 2016
    With more generations in the workforce than ever before, businesses are being challenged to offer workplaces and cultures that appeal to a diverse range of people. With that in mind, EY moved into a new office in Calgary this week that is a complete reimagining of the traditional office. The firm’s Workplace of the Future combines a flexible, fluid work environment with sleek aesthetics and enhanced technology, delivering EY’s people a space that reflects the firm’s inclusive culture and enables high-performance teaming.
  • Canadian executives less likely than global counterparts to justify unethical behaviour
    Toronto, 18 April 2016
    Only four percent of Canadian finance executives could justify unethical behavior in an economic downturn – significantly fewer than 36% of global respondents in EY’s 2016 Fraud Survey. With Canada’s economy still struggling to rebound from slumping oil prices and a weakened dollar – that’s good news.
  • 6 forces impacting life insurance in 2016
    Toronto, 11 April 2016
    The life insurance sector has to pick up the pace on innovation, according to EY's 2016 Life Insurance Outlook. Rapidly advancing technology and changing consumer preferences add to the bleak economic landscape, creating 6 forces for life insurers to manage this year.
  • 7 forces impacting P&C insurance in 2016
    Toronto, 11 April 2016
    Canada's property and casualty (P&C) insurers are dealing with a host of challenges in 2016 so far - from low interest rates to the weak dollar to increasing competition. According to EY's 2016 P&C Insurance Outlook, they'll have to excel at managing 7 forces impacting the insurance industry if they want to thrive in this environment.

March 2016

  • Oil and gas quarterly financial results highlight need to improve operational excellence
    Calgary, 16 March 2016
    Cost cutting continues in Canada's oil and gas sector, and companies across the board are trying to do more with less to help drive down the cost per barrel and remain competitive. According to a new EY report, there are a number of innovative ways companies can get value out of the oil they are producing.
  • EY seeks boundary-pushing female entrepreneurs
    Toronto, 9 March 2016
    EY is in search of extraordinary women entrepreneurs with the ambition and talent to scale their companies to full potential for its 2016 North American Entrepreneurial Winning Women™ program.
  • Distress and divestments to dominate mining deals in 2016
    Vancouver, 8 March 2016
    According to a recent EY report, financial distress among mining and metals companies is expected to shape merger and acquisition (M&A) activity in the sector in 2016, with divestments picking-up pace on the back of volatility and uncertainty on the timing of a recovery.
  • Innovators wanted: EY looking for outstanding entrepreneurs
    Toronto, 1 March 2016
    Canada needs a jolt of entrepreneurial innovation to jumpstart its economy. Recognizing exceptional achievement is one way to nurture and grow our entrepreneurial culture, and EY is looking to do just that. Today, the firm announced nominations are now open across Canada for the EY Entrepreneur Of The Year™ 2016 Awards.

February 2016

  • Talent: banking transformation focal point
    Toronto, 29 February 2016
    The brain drain is a very real outcome of the low loonie. US companies can now offer more for high-demand talent in compliance and risk. It's a worrying development for banks, but also an opportunity for them to re-think their long-term strategy and ask, who's the banker of the future?
  • What will the federal budget mean for Canadian businesses?
    Ottawa, 26 February 2016
    The 22 March 2016 federal budget is sure to reveal how much the newly-elected government is prepared to act on its many election promises. With low oil prices, a sluggish economy and many sectors seeing declining growth, the federal budget is widely expected to offer some stimulus and assistance for affected regions, businesses and individuals.
  • Five things to watch in Canada's energy sector in 2016
    Toronto, 23 February 2016
    Between oil prices plummeting, thousands of layoffs and the Paris Agreement on the global reduction of climate change, 2015 was a turning point for the energy sector around the world. In a new report, EY says there will be more structural changes before the sector finds its footing and as part of that shift, transactions will accelerate in 2016.
  • Canadian companies eager to divest and fund growth through strategic sales
    Toronto, 11 February 2016
    Divestments are top of mind in corporate strategies as companies look to extract maximum value from strategic sales, according to EY’s 2016 Corporate Divestment Study, an annual survey of corporate and private equity executives. This is even more top of mind for Canadian companies than their global peers” as 56% of Canadian companies are planning to divest within the next two years, versus 49% globally.

January 2016

  • A heads-up for banks: Canada’s FinTech adoption rates could triple in a year
    Toronto, 28 January 2016
    According to EY’s FinTech Adoption Index, Canada has had surprisingly low adoption rates for FinTech offerings—financial services products developed by non-bank, non-insurance, online companies. But while consumers here may be behind, the finding is a timely message for Canadian banks, as adoption could triple within the next 12 months.
  • More than one-third of organizations say they couldn’t detect a cyber-attack
    Toronto, 25 January 2016
    Cyber security is a growing threat for Canadian businesses – yet according to EY’s Global Information Security Survey, more than one-third (36%) of organizations still don’t believe they can detect sophisticated cyber-attacks. That number is lower than last year (56%), but still a concern as the level of sophistication in attacks continues to increase. Because of this, Canadian organizations in both public and private sectors are collaborating to respond to this threat more effectively and in a timely fashion.