Canada’s middle market using tech and talent to drive growth strategy Toronto, 12 October 2017 Canada’s middle-market businesses are focusing on new technology, expanding to different markets and attracting skilled talent. EY’s inaugural Growth Barometer – which surveys businesses around the world with revenues of US$1 million to US$3 billion – finds leaders view technology as both a challenge and a risk, but are focused on harnessing its potential to grow.
Montréal's Bronfman family to receive the EY Entrepreneur Of The Year™ Family Business Award of Excellence Toronto, 27 September 2017 The Bronfman family has been a notable fixture in Montreal's business and philanthropy circles for close to a century. From Joseph E. Seagram & Sons Inc. to Claridge Inc., which carries on the family tradition of investing in entrepreneurs, the family has had an indelible impact on Canada. The Bronfmans will be recognized with the Family Business Award of Excellence at the EY Entrepreneur Of The Year gala on 9 November 2017 in Montréal.
EY to honour Canadian social entrepreneurs with EY Entrepreneur Of The Year Special Citation awards Toronto, 14 September 2017 EY is recognizing entrepreneurs who dare to help overcome the world’s biggest social challenges with innovative solutions. Ontario’s Gavin Armstrong, Lucky Iron Fish Enterprise, and Pacific’s Madeleine Shaw and Suzanne Siemens, Lunapads International, are this year’s EY Entrepreneur Of The Year Special Citation award recipients. EY will honour their efforts at its upcoming Entrepreneur Of The Year Awards galas, starting in September.
Gerry Pond to receive the 2017 EY Atlantic Lifetime Achievement Award Saint John, 12 September 2017 Mr. Gerry Pond will receive the EY Entrepreneur Of The Year™ Atlantic Lifetime Achievement award in recognition of his enduring contribution to Canadian business, philanthropic endeavours and outstanding leadership within the community and across Canada.
EY’s Canadian Mining Eye Index sees struggles in Q2 Toronto, 29 August 2017 EY’s Canadian Mining Eye index lost 7% during Q2 2017, following an increase of 11% in Q1 2017. The loss was in part due to weakness in the price of nickel, with zinc remaining flat and copper seeing a slight increase.
EY study finds 86% of downstream operators collect real-time data but most struggle on how to use it Calgary, 24 August 2017 The sustained lower price of oil means operators at Canadian upgraders and refineries will continue to see reduced budgets for maintenance over the coming years, according to EY’s recent report, Evolving asset challenges and opportunities in Canada’s oil and gas downstream sector. With aging equipment to boot, they’re forced to find new ways to reduce costs without compromising safety, including through data analytics.
Canada’s FinTech adoption rate more than doubled in the last 18 months Toronto, 25 July 2017 FinTech adoption in Canada has increased from 8% to 18% since 2015, according to EY’s 2017 Fintech Adoption Index. The trend means both traditional banks and FinTechs are feeling the pressure to develop simpler, more transparent, customer-centric financial services products.
New EY Tower brings firm's purpose to life Toronto, 27 June 2017 EY's Toronto office just stepped into a completely reimagined workplace in the new EY Tower, located at 100 Adelaide St. West. The new space welcomed EY people with floor-to-ceiling windows, sit-to-stand desks and six different workspaces to choose from - all designed to be flexible, fluid and focused on how people work best.
Canadian entrepreneur Murad Al-Katib a shining example of accelerating growth with purpose Toronto, 23 June 2017 For the second time in 10 years, a Canadian entrepreneur has won the EY World Entrepreneur Of The Year™ award. Murad Al-Katib of AGT Food and Ingredients Inc. was awarded the title in Monaco on 10 June, where disruptive entrepreneurs and global business leaders from more than 60 countries gathered to discuss innovative approaches to growth.
Turning reclaimed mines into renewable power sources By: Meghan Harris-Ngae, EY Canada’s Climate Change and Sustainability Services leader in the Energy market, and Sean Gunton, a partner with EY Canada’s Transaction Advisory Services As originally published in Canadian Mining Journal, June 2017
How to ensure success in today’s deal economy By: Doug Jenkinson, a partner with EY Canada’s Transaction Advisory Services, and Jason Marley, a senior manager with EY Canada’s Transaction Advisory Services As originally published in FEI Canada F.A.R. member e-newsletter, June 2017
The Robots are coming! By: Trent Henry, EY Canada’s Chairman and CEO As originally published on LinkedIn, 5 May 2017
EY named one of the Best Workplaces in Canada again in 2017 Toronto, 28 April 2017 EY was named one of the Best Workplaces in Canada again in 2017 by Great Place to Work® Institute Canada, highlighting the firm’s strong culture of teaming, flexibility, people leadership, learning opportunities and growth.
73% of Canadian companies likely to divest as a result of macroeconomic volatility Toronto, 29 March, 2017 In a world that seems to be ever more complicated, Canadian companies are actively pruning their portfolio of businesses. According to EY's 2017 Corporate Divestment Study, an annual survey of corporate executives, 73% of survey respondents said they were likely to divest as a result of macroeconomic volatility.
What will the federal budget mean for Canadian businesses? Ottawa, 15 March 2017 With many funding initiatives announced last year, Canadian businesses are waiting to see whether this year's federal budget will outline the details of the promised spending. As we see more uncertainties unfold south of the border, less than optimal economic growth, and the need to adapt to technological changes, the 2017 federal budget is widely expected to focus on innovation, infrastructure, and helping Canadians update their skills.
EY calling on women entrepreneurs with bold plans Toronto, 15 March 2017 Women entrepreneurs aren't getting the support, financing and sponsorship they need to grow their businesses into market leaders at the same rate as men. But EY is looking to change that. Today, the firm announced nominations are open for its 2017 North American Entrepreneurial Winning Women™ program.
Why we need to #BeBoldForChange this International Women’s Day – and every day Toronto, 7 March 2017 International Women's Day (IWD) connects men and women across the globe to celebrate the social, economic, cultural and political achievements of women. Although there's plenty to celebrate, the unfortunate reality is there are still gaps to close. On 8 March, EY will join hands in recognizing the importance of gender parity, and how to achieve it.
BC exploration focus shifts to grassroots and early-stage exploration Toronto, 7 March 2017 The focus of exploration in British Columbia (BC) is shifting to grassroots and early-stage exploration, according to a new survey - a joint initiative between EY, the Government of British Columbia's Ministry of Energy and Mines (MEM) and the Association for Mineral Exploration British Columbia (AME).
Canadian mining deal volume is up in 2016, bright outlook for 2017: EY report Toronto, 6 March 2017 Despite volatility and an ever-changing macroeconomic environment, Canadian deal volume showed improvement last year, rising by 16%, from 132 to 153 deals. Canadian deal value, however, remained virtually unchanged, falling by 1% year-over-year to just over US$6b in 2016. This is according to EY's quarterly report Mergers, acquisitions and capital raising in mining and metals - 2016 trends, 2017 outlook.
EY seeking Canada's most daring entrepreneurs Toronto, 1 March 2017 Entrepreneurs dare to take risks, dive into uncertainty and overcome challenges with innovative solutions. EY is proud to celebrate these men and women who dare to dream big and build boldly. Today, the firm announced nominations are now open across Canada for the EY Entrepreneur Of The Year™ 2017 Awards.
Tech and talent crunch among 6 major forces shaping P&C insurance in 2017 Toronto, 28 February 2017 A potent combination of technological change, talent pressure and customer expectations is forcing Canada's property and casualty (P&C) insurers in 2017 to embrace innovation more urgently than ever. These three factors are among 6 forces shaping the P&C insurance industry in the year ahead, as revealed in EY's 2017 P&C Insurance Outlook.
Tech and regulations among 5 forces shaping life insurance in 2017 Toronto, 28 February 2017 Quickly-evolving technology has emerged as a dominant force shaping the year ahead in Canada's life insurance sector, according to EY's 2017 Life Insurance Outlook. This is just one of the 5 forces for life insurers to rein in this year, along with increasingly complex regulations, a growing talent crunch and customer-driven innovation.
Only 43% of Canadian companies could detect a sophisticated cyber-attack Toronto, 15 February 2017 As the frequency and scale of cyber-attacks show no signs of abating, the majority of Canadian companies still wouldn't be able to detect a sophisticated breach. According to EY's Global Information Security Survey, only 43% of Canadian companies could spot a significant cybersecurity incident, compared to 50% globally.
Weak finish for the Canadian Mining Eye Index in Q4: EY Toronto, 13 February 2017 EY's Canadian Mining Eye index declined 13% during Q4 2016. This is predominantly due to weakness in gold and nickel prices, offset partially by gains in both copper and zinc prices. For the full year 2016, the Canadian Mining Eye index rose 61%, which was better than 18% gains in S&P/TSX composite index.
Montreal should create a FinTech hub to accelerate ecosystem development, says a new report from EY Montreal, 9 February 2017 Montréal has what it takes to grow its FinTech ecosystem and drive technological development in the sector, states the report, which features four recommendations to make the most of the potential. Above all, Montréal needs to create a hub of excellence to foster the development of young FinTechs. By concentrating development in a single entity, Montréal will consolidate its industry position in Canada and raise its profile as a FinTech magnet worldwide, states a new report from EY.
Canadian CFOs more conservative than global counterparts around skill development Toronto, 1 February 2017 A new EY report reveals that Canadian CFOs are more conservative and risk-averse in their approach to skills development, compared to their global counterparts. 63% of Canadian CFOs favour work-shadowing or other experiential opportunities to help cultivate essential skills among the next generation of finance leaders, compared to only 35% of their global counterparts.
EY's Anne-Marie Hubert named to Order of Canada Montreal, 19 January 2017 EY is pleased to announce that Anne-Marie Hubert, the firm's Québec Managing Partner, was named a Member of the Order of Canada, for her commitment to parity and inclusion in business and for her skill in corporate governance.
Demystifying the Canadian middle-market deal environment By: Chris Hutchinson, Senior Manager, Advisory in EY Canada’s Private Client Services practice; and Jason Marley, Senior Manager, Advisory in EY Canada’s Private Client Services practice As originally published in FEI Canada F.A.R. member e-newsletter, January 2017