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Recent Canadian news releases issued by EY:
- Plan now to save in 2015: EY popular year-end tax guide available now
Toronto, December 11 2014
With the new year quickly approaching, now is the time for individuals and business owners to consider options to help reduce tax balances in April, according to EY’s publication, Top ten year-end tax conversations, in TaxMatters@EY
- Investors shifting strategies are driving hedge funds towards new products
Toronto, 3 December 2014
As asset growth in traditional hedge funds from institutional investors continues to slow, hedge fund managers are considering new products to attract investor assets and drive growth, according to EY’s 2014 global hedge fund and investor survey, Shifting strategies: winning investor assets in a competitive landscape.
- Linda Hasenfratz of Linamar Corporation is Canada’s EY Entrepreneur Of The Year™ 2014 National Award winner
Toronto, 26 November 2014
Congratulations to Linda Hasenfratz, CEO of Linamar Corporation, and winner of Canada’s EY Entrepreneur Of The Year™ 2014 award!
- Power and utilities shifting their focus to middle-market deals
Calgary, 20 November 2014
The percentage of power and utilities companies expecting their deal pipelines to increase over the next 12 months has risen from 28% in April to 63% in October 2014, according to EY’s latest Power & Utilities Capital Confidence Barometer.
- Cyber threats on the rise, but 42% of Canadian businesses have no plans to boost IT security budgets in 2015
Toronto, 19 November 2014
While 92% of Canadian organizations say they’re facing rising threats in their information security risk environment, 42% say their information security budgets will remain the same or decrease in 2015, according to EY’s annual Global Information Security survey, Get Ahead of Cybercrime.
- EY’s Entrepreneurial Winning Women™ program helps women-owned businesses scale
Toronto, 13 November 2014
Women-owned businesses rarely reach the same level of economic scale as businesses started by men. But EY is working to close that gap with its Entrepreneurial Winning Women™ program, by helping women-owned businesses get access to the necessary knowhow, networks and tools to effectively grow their companies.
- Canadian Mining Eye index falls in Q3, but transactions continue
Toronto, 12 November 2014
Canadian mining equities suffered in Q3 due to a fall in metal prices across the board, especially gold prices, according to EY’s latest Canadian Mining Eye.
- EY calls on leaders and boards to rethink diversity and inclusiveness
Toronto, 12 November 2014
The Canadian Securities Administrators (CSA) recently announced final “comply or explain” disclosure requirements regarding the representation of women on boards and in executive officer positions. While some companies may report because they’re asked to, compliance shouldn’t be the only reason they want to make diversity more of a focus in their human capital agenda.
- Companies report losses up to $5m from recent wire transfer fraud schemes
Toronto, 10 November 2014
EY’s Fraud Investigation and Dispute Services group has been made aware of a wire-transfer scam that has impacted several companies recently. While many companies have avoided losses, some have lost up to $5 million.
- EY closes deal with Calgary-based advisory firm Up Consulting today
Calgary, 7 November 2014
EY officially welcomes Calgary-based advisory firm Up Consulting into its family today, growing its Advisory services practice for the second time in 2014.
- Canadian holiday retail sales expected to grow 3.3%
Toronto, 30 October 2014
Canadian holiday retail sales are expected to grow 3.3%, over the comparatively weak 2013 holiday season.
- Linda Hasenfratz of Linamar Corporation named EY Entrepreneur Of The Year™ Ontario 2014
Toronto, 30 October 2014
Linda Hasenfratz, Chief Executive Officer of Linamar Corporation — a diversified global manufacturing company of highly engineered products powering vehicles, motion and lives — is this year’s EY Entrepreneur Of The Year Ontario winner.
- Canadian banks not immune from pressure of regulatory change
Toronto, 27 October 2014
According to EY’s annual risk management survey of major financial institutions around the world, regulatory changes – combined with other risks – are placing increased pressure on traditional business models, and Canadian banks are not immune.
- José Boisjoli of BRP named EY Entrepreneur Of The Year™ Québec 2014
Montréal, 24 October 2014
José Boisjoli, President and Chief Executive Officer of BRP — a world leader in the design, manufacturing, distribution and marketing of motorized recreational vehicles and power sports engines — is this year’s Entrepreneur Of The Year Québec winner.
- Bill McCaffrey of MEG Energy named EY Entrepreneur Of The Year™ Prairies 2014
Calgary, 17 October 2014
Bill McCaffrey, President and Chief Executive Officer of MEG Energy — a Canadian oilsands company focused on sustainable in situ development and production in the southern Athabasca oilsands region of Alberta — is this year’s Entrepreneur Of The Year Prairies winner.
- Despite high confidence in economy, Canadian M&A market stagnant
Toronto, 15 October 2014
According to EY’s latest Canadian Capital Confidence Barometer, a full 98% of executives surveyed in Canada believe both the Canadian and global economies are either stable or improving. Still, only 24% expect their company to pursue an acquisition in the next 12 months. That’s down from 41% in April, and the lowest level in the last two years.
- EY to grow Advisory services practice for second time in 2014
Calgary, 9 October 2014
For the second time in 2014, EY is announcing a transaction to grow its Advisory practice. The global professional service firm has signed a letter of intent for Calgary-based advisory firm Up Consulting to join EY on approximately 10 November.
- Co-ops at risk of losing competitive advantage over banks
Quebec City, 9 October 2014
Five significant and interrelated forces are in the midst of transforming the financial services industry, according to EY’s Global banking outlook 2014-15. EY warns that, collectively, these forces threaten a number of the traditional competitive advantages co-ops have held over banks.
- Big data to drive business-model change at financial co-ops
Quebec City, 8 October 2014
Co-ops and credit unions should use big data technologies to help transform their business model if they want a true competitive advantage. According to EY's Global Ready to takeoff report, 20% of businesses that successfully use data outperform their peers by up to 20%.
- EY welcomes former Chief of Tsawwassen First Nation Kim Baird to team in BC
Vancouver, 7 October 2014
EY is pleased to announce a new partnership with Kim Baird — renowned First Nations leader and recent Order of Canada recipient — to enhance the firm’s expertise in supporting corporate and public sector clients better engage and partner with First Nations to promote joint economic development.
- Co-ops beat banks on problem resolution: EY survey
Quebec City, 7 October 2014
Compared to traditional banks, co-ops and credit unions do a better-than-average job of resolving member issues. According to EY’s 2014 Global Consumer Banking Survey, 51% of co-op and credit union members report they are “very satisfied” with problem resolution, compared to only 25% for banking customers overall.
- EY sees innovation as key growth driver for cooperatives worldwide
Montreal, 6 October 2014
To meet the evolving needs of members and ensure long-term viability against a backdrop of constant change, cooperatives will have to put innovation front and center. That includes leveraging a winning member experience, using big data technologies and transforming business models, says EY, a proud participant in the 2nd International Summit of Cooperatives. EY will take part in lively discussions on the big issues facing cooperatives and mutuals today and tomorrow.
- Robert Crosbie of Crosbie Group Limited named EY Entrepreneur Of The Year™ Atlantic 2014
Halifax, 4 October 2014
Robert Crosbie, Chairman and Chief Executive Officer of Crosbie Group Limited — a privately held family business involved in the offshore oil and gas, onshore industrial, real estate and construction sectors — is this year’s Entrepreneur Of The Year Atlantic winner.
- Thomas Leavitt of Leavitt Machinery named EY Entrepreneur Of The Year™ Pacific 2014
Vancouver, 1 October 2014
Thomas Leavitt, President and Chief Executive Officer of Leavitt Machinery — one of the fastest growing materials handling equipment dealers in North America — is this year’s Entrepreneur Of The Year Pacific winner.
- Canadian banks challenged by evolving operations and risks
Toronto, 29 September 2014
As the Canadian banking environment continues to shift with the forces of regulatory change, evolving customer and investor demands and new technologies, banks need strategies in place to continue to grow. According to EY’s Canadian banking insights report, banks need to adapt to stay ahead of the curve.
- Eight out of 10 Canadian financial executives surveyed say their companies are ready to grow
Montreal, 23 September 2014
The majority of Canadian financial executives surveyed by the Canadian Financial Executives Research Foundation are more optimistic about their company’s ability to obtain sufficient capital to meet its financing requirements in the next year (whether these needs are short-term, long-term or equity based).
- Survey reveals overwhelming majority of Calgary mid-market companies focused on growth, while market access remains the biggest risk
Toronto, 23 September 2014
Growth is top of mind for an overwhelming majority of Calgary’s mid-market companies, according to a new Calgary Mid-Market Survey, with the majority also saying that market access remains the biggest risk to their businesses.
- Three Canadian entrepreneurs make creating social value their bottom line
Toronto, 23 September 2014
EY is pleased to present three deserving Canadian entrepreneurs with the Entrepreneur Of The Year Special Citation award for social entrepreneurship at the program’s upcoming regional galas.
- Consumer product and retail companies team with entrepreneurs to innovate
Montreal, 17 September 2014
The vast majority of consumer products and retail executives say that collaboration with smaller entrepreneurial firms has become increasingly important to drive innovation and achieve their strategic goals, says EY in a global report, Delivering agile innovation.
- EY celebrates Diamond family with Family Business Award of Excellence
Vancouver, 15 September 2014
EY is pleased to present Vancouver’s Diamond family with the Family Business Award of Excellence at the Pacific Entrepreneur Of The Year gala on 30 September 2014.
- EY celebrates Stanfield family with Family Business Award of Excellence
Halifax, 15 September 2014
EY is pleased to present Atlantic Canada’s Stanfield family with the Family Business Award of Excellence at the Atlantic Entrepreneur Of The Year gala on 3 October 2014.
- Productivity, capital decisions, social license earn top three spots on mining risks list
Vancouver, 10 September 2014
EY’s annual Business risks facing mining and metals report reveals productivity, capital decisions and social license to operate as the top three risks facing the sector this year.
- Canadian market could be on the cusp of an IPO breakthrough
Toronto, 10 September 2014
With the US seeing one of the strongest IPO markets in the last decade — and all signs pointing to new IPOs continuing to fuel a strong pipeline over the remainder of the year — EY says the Canadian market could be on the cusp of a breakthrough, too.
- Going digital top priority for 74% of media and entertainment companies
Toronto, 4 September 2014
According to a recent EY survey, an overwhelming 74% of media and entertainment (M&E) company CFOs say going digital is a top priority for growth. But the right data and analytics are key to delivering the insights that enable game-changing decision-making.
- Canadian oil and gas sector witnesses uptick in divestments
Calgary, 3 September 2014
Divestments are top of mind across Canada’s oil and gas sector, according to a new EY report, The emergence of Canadian gas divestments: challenges and success factors.
- Canadian Mining Eye outperforms global indices in Q2
Toronto, 12 August 2014
Sources available to offer insight on Q2 2014 mining and metals results
- Canadian back-to-school spending stagnant
Montreal, 5 August 2014
Aggressive retail strategies should extend selling season into September
- Productivity still down in mining and metals sector
Vancouver, 24 July 2014
Companies must overhaul business models to get productivity back on track
- Canada a top country for “good quality jobs for youth”
Toronto, 22 July 2014
Supporting entrepreneurship key to curbing youth unemployment
- LNG players in Atlantic Canada need to address capital and other issues to succeed
St. John's, 12 July 2014
Latest issue of East Coast Offshore availible now
- EY announces 2014 Québec Entrepreneur Of The Year™ finalists today
Montréal, 7 July 2014
EY is pleased to announce this year’s gravity-defying Entrepreneur Of The Year finalists in Québec.
- EY announces 2014 Prairies Entrepreneur Of The Year™ finalists today
Calgary, 7 July 2014
EY is pleased to announce this year’s gravity-defying Entrepreneur Of The Year finalists in the Prairies.
- EY announces 2014 Pacific Entrepreneur Of The Year™ finalists today
Vancouver, 7 July 2014
EY is pleased to announce this year’s gravity-defying Entrepreneur Of The Year finalists in the Pacific.
- EY announces 2014 Ontario Entrepreneur Of The Year™ finalists today
Toronto, 7 July 2014
EY is pleased to announce this year’s gravity-defying Entrepreneur Of The Year finalists in Ontario.
- EY announces 2014 Atlantic Entrepreneur Of The Year™ finalists today
Halifax, 7 July 2014
EY is pleased to announce this year's gravity-defying Entrepreneur Of The Year finalists in the Atlantic.
- EY opens Canadian Centre for Advanced Analytics in Nova Scotia
Halifax, 27 June 2014
EY is empowering Canadian businesses to capitalize on the transformational power of data analytics, with the launch of its Canadian Centre for Advanced Analytics (CAA) in Halifax today.
- EY closes deal with leading Atlantic IT and business consulting firm Ambir Solutions today
Toronto, 20 June 2014
EY officially welcomed Atlantic Canada’s leading independent IT and business consulting firm Ambir Solutions into its family today.
- EY named Professional Services Organization of the Year by Startup Canada
Toronto, 13 June 2014
At a reception in Toronto last night, EY was named Professional Services Organization of the Year by Startup Canada, for its commitment to and impact in supporting and investing in entrepreneurship in Canada.
- EY Charity Golf Classic raises record amount, all proceeds going to Peter Munk Cardiac Centre
Toronto, 12 June 2014
On June 11, 2014, EY partners, staff, clients and the business community participated in the 16th annual EY Charity Golf Classic in support of Peter Munk Cardiac Centre (PMCC).The event raised over $350,000.
- Incidence of corruption in Canadian organizations “disturbingly high”
Toronto, 11 June 2014
According to EY’s latest Global Fraud Survey, one in five (20%) Canadian executives believe bribery or corrupt practices happen widely in business in this country.
- Technology is a job creator, not destroyer
Toronto, 5 June 2014
According to a new EY survey, technology is a key driver of job creation among entrepreneurs. In fact, over half (51%) of the world’s top entrepreneurs agree that investments made in technology have changed their workforce – 81% of those saying it’s led them to hire.
- Tomorrow EY celebrates 150th anniversary with 3D chalk artist at Robson Square
Vancouver, 2 June 2014
EY has been making its mark as a leading professional services firm in Canada for 150 years, and now the firm is leaving its stamp on the street at Robson Square.
- EY to grow advisory services practice in Atlantic Canada
Halifax, 29 May 2014
EY is significantly growing its Advisory Practice in Atlantic Canada today by signing a letter of intent to bring Ambir Solutions into the EY family.
- 40% of financial advisors say they interact with clients via social media, but only 7% of clients say this is the case
Toronto, 22 May 2014
Financial advisors and their clients do not always see eye to eye when it comes to identifying key elements driving their relationships, according to EY’s third annual Wealth Management Survey: closing the gap.
- 5 factors set to determine BC LNG competitiveness
Toronto, 20 May 2014
Moving BC’s LNG opportunity from promise to reality requires all industry proponents come together and address five key factors impacting competitiveness, says EY in a new report.
- Growth on horizon for Canadian miners despite 51% decline in deal value
Toronto, 15 May 2014
Canadian mining and metals deal volume and value fell year-over-year in the first quarter of 2014. Still, the results are a modest improvement over Q4 2013, according to EY’s tenth semi-annual Mining & Metals Capital Confidence Barometer.
- High demand for Canadian assets, aggressive pricing driving power and utilities acquisitions
Toronto, 15 May 2014
In Canada and around the globe, power and utilities companies are showing a strong desire to do deals in the next year, according to a recent EY survey. But, they’re still dealing with uncertainty when it comes to pricing those deals.
- Canadian university and college students rank EY #1 employer for accounting, #2 for business
Toronto, 7 May 2014
EY's leading people culture has helped the professional services firm score top points with Canadian university and college students, and young people overall. This week, Universum's Canadian Student Survey ranked EY the #1 employer for accounting, and #2 for business, after only Google. Meanwhile, a separate competition named the firm one of Canada's Top Employers for Young People.
- Canadian Mining Eye shows optimistic but cautious start to the year
Toronto, 6 May 2014
Canadian mining equities showed modest signs of improvement during the first quarter of the year, underpinned by improved commodity prices and continued cost management, according to EY's Canadian Mining Eye: Q1 2014.
- Canadian executives’ confidence in global economy increased 24% in six months
Toronto, 14 April 2014
According to EY’s latest Capital Confidence Barometer, 79% of Canadian executives believe the global economy is improving – up 24% from October 2013. But despite that confidence, companies are still focusing on controlling costs to optimize capital over the next 12 months.
- Thin capitalization rules could impact foreign investors in Canadian oil and gas
St. John’s, 8 April 2014
Thin capitalization rules pack a big punch when it comes to the cost of financing operations, EY says in the latest edition of East Coast Offshore. Companies looking to invest in Canada’s East Coast Offshore must be mindful of ongoing changes or risk paying more down the road.
- LNG pricing critically important for securing demand
Toronto, 4 April 2014
Pricing structures will be key in determining the future of LNG exports, says EY in a new report, Competing for LNG demand: the pricing structure debate.
- Pressure is on P&C insurers to improve bottom line after catastrophic 2013
Toronto, 1 April 2014
After a series of catastrophic losses in 2013, Canada’s property and casualty insurers need to focus on improving their bottom line through internal investments in technology and operations. According to a new EY report, this is especially critical for those companies seeking growth via mergers and acquisitions.
- Plan ahead to reap the best tax savings
Toronto, 31 March 2014
With only 30 days to the personal tax filing deadline, EY reminds taxpayers that being proactive about tax planning throughout the year is the best tax savings strategy.
- Companies missing huge opportunity to prevent fraud with data analytics
Toronto, 27 March 2014
Big data can be a powerful tool for deterring, detecting and investigating fraud throughout organizations and yet far too few companies are effectively leveraging forensic data analytics, according to EY’s report, Big risks require big data thinking: Global forensic data analytics survey 2014.
- EY seeks exceptional women entrepreneurs for 2014 Entrepreneurial Winning Women™ Program
Toronto, 25 March 2014
EY Entrepreneurial Winning Women — a program that saw one Canadian participant increase sales by 50% — is launching again and EY is looking for the next wave of Canadian women on the cusp of growth.
- EY sources available to provide insight on Canada’s entrepreneurial ecosystem
Saint John, 24 March 2014
The combined power of governments, entrepreneurs and corporations can stimulate economic growth and put Canada back on the fast track to recovery, EY will underline tomorrow at a panel discussion to be held at the University of New Brunswick.
- 70% of leading media companies ready to sacrifice revenue for long-term digital growth
Toronto, March 6 2014
Seventy-percent of “digital leaders” in the media and entertainment (M&E) industry are willing to accept short-term revenue losses to invest in long-term digital growth, according to a new EY report.
- Five tax questions to avoid costly implications when operating in the cloud
Toronto, March 5 2014
Failing to ask the right tax questions as your company moves into the cloud can cost you, and hurt the bottom line, says EY’s report Cloud taxation issues and impacts.
- Ready, set, nominate! Entrepreneur Of The Year program kicks off today
Toronto, March 3 2014
“Canada’s best entrepreneurs thrive when the economy is up and down,” says Colleen McMorrow, EY partner and National Entrepreneur Of The Year program director. “They defy the odds, defy the impossible and defy everyone who told them they couldn’t achieve results.”
- Canadian mining deal volume continues seven-year decline, falling 33% in 2013
Toronto, February 26 2014
Transactions in the global mining and metals industry — and Canada —continued to decline off the back of a seven-year low in volumes in 2013, reveals EY’s Mergers, acquisitions and capital raising in mining and metals: 2013 trends 2014 outlook report.
- EY calls for bold action to move women into board and executive roles
Toronto, February 24 2014
Women are making little to no progress in breaking down the barriers to executive leadership or board membership – but that can change, EY says in a new report released today.
- EY sources available to provide federal budget insight
Toronto, 10 February 2014
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?
- Inclusiveness drives long-term business success
Toronto, 10 February 2014
Fostering diverse teams is critical to long-term success in today’s fast-evolving, increasingly global world, says EY. Today, the firm — celebrating its 150th anniversary in Canada this year — was named one of Canada’s Best Diversity Employers for the seventh year in a row.
- Canadian mining equities down 45% year-over-year according to Q4 Canadian Mining Eye
Toronto, 6 February 2014
Canadian mining equities witnessed a 45% decrease in market capitalization over the course of 2013, according to EY’s Canadian Mining Eye: Q4 2013.
- Interest rate risks, subpar yields challenging Canadian life insurers
Toronto, 5 February 2014
Despite signs of improving market conditions on the global scale, a new EY report suggests – in Canada’s continuing low interest rate environment – life insurers should be focusing on their product offerings to make up for subpar yields, while giving customers what they want and spurring growth.
- Latest Only 41% of companies approach divestments strategically, despite benefits
Toronto, 29 January 2014
Only 41% of executives said that their strategic portfolio review drove their last divestment decision — despite the fact that 80% of companies that based divestment decisions on portfolio reviews experienced a higher valuation multiple in the remaining business, according to EY’s 2014 Global Corporate Divestment Study.
- Latest issue of East Coast Offshore highlights new oil and gas developments
St. John's, 16 January 2014
Severing employment and incorporating is no easy decision, according to the latest issue of EY’s East Coast Offshore. Individuals must consider a number of Canadian Income Tax Act provisions and Canada Revenue Agency administrative positions before making the leap to incorporate.
- Six trends will drive seismic shift in media and entertainment industry in 2014
Toronto, 8 January 2014
Viewer demands for control and new experiences are driving change across the media and entertainment industry, according to a new report by EY. Future of television identifies six key trends that will transform television in the years ahead.