Following the release of an Angus Reid Institute report on the financial difficulties being experienced by Canadians, Stéphane Gauvin, Partner and Licensed Insolvency Trustee with Raymond Chabot, subsidiary of Raymond Chabot Grant Thornton, participated in a series of interviews on Radio-Canada in 6 Canadian provinces to discuss Canadians’ financial situation.

The report, published as part of an examination of poverty in Canada, reveals that more than 25% of Canadians are facing serious financial hardships: 21% stated they cannot afford to go for dental care while one quarter reported they recently had to borrow money to buy groceries.

To listen to Stéphane’s explanation of the reasons behind the indebtedness and solutions to overindebtedness on Radio-Canada, click here (in French).

Do you have financial problems? Don’t hesitate to contact us for a free consultation at 1-855-724-2268 or www.raymondchabot.com.

According to a study conducted by Raymond Chabot Grant Thornton, the BlackRock metals mining project in Chibougamau would have a positive economic impact.

On July 16, 2018, Éric Dufour, Vice-President – Saguenay–Lac-Saint-Jean, Chibougamau and Côte-Nord, presented his memoir during the Bureau d’audiences publiques sur l’environnement (BAPE) consultation regarding the BlackRock mining project.

Éric presented data from Raymond Chabot Grant Thornton’s economic impact study.

During the construction phase (mining and factory):

• 4,164 jobs will be supported;
• The impact on Quebec GDP will be $438 M.

For the operations phase (mining and factory):

• 1,058 jobs will be supported on average every year;
• The impact on Quebec GDP will be $20,237 M on the life of the project, estimated to be 42.5 years.

Environmental authorization is the only thing missing before deploying this ferrovanadium mining project in the Chibougamau region and the construction of a cast iron production facility on the Grande-Anse à Saguenay industrial port site, at a cost of $1­B.

Éric Dufour highlighted the positive impacts of this project on regional entrepreneurship, immigration and labour to the BAPE. He emphasized the mining project’s structuring effects on the Quebec economic ecosystem: it will increase collective wealth and enable us to invest more in our social, health and education systems.

For a fourth year in a row, several Raymond Chabot Grant Thornton teams of employees and partners undertook the 2018 Défi Entreprises held in Trois-Rivières on June 2nd, in Montréal on June 16th and in Québec City on July 8th.

We are very proud that our firm has continued this tradition over the years and that our staff is actively involved. Since the Défi Entreprises was created seven years ago, more than 500 businesses and 40,000 workers have taken part in this efficient physical activity program that promotes team spirit, quality life in the workplace and physical and mental health.

Congratulations to all of the firm’s participants for having made this year’s edition another success!