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Recent Canadian news releases issued by EY:

September 2015

August 2015

July 2015

June 2015

  • CETA to bring good tidings for Atlantic Canada, says EY
    St. John's, June 30, 2015
    According to the report, optimistic estimates place ratification of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union in 2016, which could mean that legislation respecting CETA commitments could be in play by late 2016 or early 2017. With current trade patterns bolstered by liberalization, a new, more efficient, borderless and integrated North Atlantic offshore industry is on its way to becoming a reality.
  • Canadian entrepreneurs will be a leading source of job creation this year
    Toronto, 4 June 2015
    Entrepreneurs are a leading source of job creation, with 50% of Canadian entrepreneurs expecting to increase their global workforce this year. This is according to the EY global job creation and youth entrepreneurship survey 2015, a study that surveyed 2,345 entrepreneurs about their hiring plans and 2,807 young people about their entrepreneurial ambitions.

May 2015

April 2015

March 2015

  • EY seeks high potential Canadian women entrepreneurs for 2015 Entrepreneurial Winning Women™ program
    Toronto, 9 March 2015
    EY is calling on Canadians to nominate successful female entrepreneurs for its 2015 Entrepreneurial Winning Women™ program – an elite business network and customized accelerator program.
  • Five traits of an entrepreneurial star
    Toronto, 3 March 2015
    Canadian entrepreneurs are the rock stars of the business world. Their fearless ambition, commitment and vision continue to drive our economy despite any number of challenges: timing, geography and even luck. The best entrepreneurs — and those who lead their companies to greatness — often have what’s known as the “entrepreneurship gene”. Whether good leaders are born or made, we do know that they share certain star characteristics.
  • Canada top country for mining deal volume in 2014
    Toronto, 2 March 2015
    In 2014, Canada was the most prolific buyer of mining and metals assets in terms of volume, and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared to 2013.

February 2015

  • Transaction market stalled by a dramatic plunge in oil prices
    Calgary, 26 February 2015
    Since mid-2014, the transaction market in the oil and gas sector has been stalled by a dramatic plunge in oil prices, according to EY’s From scarcity to abundance - Oil and gas transactions in review 2014 - Canada. With current prices and market conditions, EY says few new oil or gas projects globally appear to be economical, and the Canadian industry is not immune.
  • Generations X and Y overlooked by Canadian life insurers
    Toronto, 25 February 2015
    Generations X and Y (Gen X and Y) are overlooked by Canadian life insurers, according to EY’s 2015 Canada life – annuity insurance outlook, released today. Exploring this underserved consumer market will help insurers achieve growth and relieve pressure on costs and margins.
  • Data is king in Canada’s challenging P&C insurance market
    Toronto, 25 February 2015
    Facing cost pressures and market challenges, Canadian P&C insurers must use data and analytics to increase their profit margins, according to EY’s 2015 Canada property-casualty insurance outlook, released today.
  • Tax incentives can help mitigate new technology development costs for LNG projects
    St. John’s, 25 February 2015
    The proposed liquefied natural gas (LNG) projects in Atlantic Canada are expected to face economic challenges due to quickly evolving markets for LNG cargoes, high capital requirements, and the sheer volume of projects competing for investment in North America, says EY in the latest edition of East Coast Offshore.
  • Proposed measures to increase CCA rates welcome news for Canadian LNG industry
    Ottawa, 24 Februrary 2015
    The Department of Finance’s proposal to increase the capital cost allowance (CCA) rates for property acquired for use in liquefied natural gas (LNG) facilities in Canada is welcome news for the Canadian LNG industry, says EY. Still, the firm warns that industry proponents continue to face cost, regulatory and other challenges in the development of Canadian projects, none of which have yet received final investment decision.
  • Canadian Mining Eye index continues decline in Q4
    Toronto, 23 Februrary 2015
    EY’s Canadian Mining Eye index fell 12% during Q4 2014, following a 15% decline in the previous quarter. Still, EY says with lower oil prices, miners will benefit from lower input and freight costs amid metal price weakness, helping them to protect margins.
  • EY’s 2015 banking outlook: Time to redefine the core of the bank
    Toronto, 18 Februrary 2015
    Canadian banks need to reinvent themselves through simplification of businesses, deconstruction of products and an end to global universal banking, according to EY’s Global banking outlook 2015: Transforming banking for the next generation.
  • Stay organized in 2015: EY tax tips available now
    Toronto, 12 Februrary 2015
    With the tax season quickly approaching, now is the time for private company owners to evaluate options available to help reduce tax stress, according to EY’s publication, Taking the stress out of tax season; tips for private company owners to stay organized, in TaxMatters@EY.

January 2015

  • War for talent in mining just heating up
    Vancouver, 28 January 2015
    The end of the mining boom does not mean victory in the war for talent, according to a new EY report. Instead, EY says it’s merely a ceasefire – and companies must maintain a focus on talent to minimize risks presented by more enduring trends.
  • Insurers must embrace digital to improve poor customer relationships
    Toronto, 27 January 2015
    High turnover and low trust ratings in the Canadian insurance industry could be countered by nurturing better customer relationships, according to EY’s Global Consumer Insurance Survey: Reimagining customer relationships. Digital communication channels and improved distribution strategies will help insurance companies better connect with consumers and gain market advantage.
  • Play-based regulation could change the face of energy regulation
    Calgary, 13 January 2015
    As lower oil prices continue to put pressure on the energy industry, a new EY report finds that play-based regulation (PBR) — an innovative approach to regulating Alberta’s oil and gas industry — has the potential to create numerous benefits for multiple stakeholders including industry, regulators and the public.