21 Jul 2011

The latest research from the Grant Thornton International Business Report (IBR) reveals that one privately-owned company out of five (22%) globally believes that the recent upheaval in the Middle East and North Africa has had a negative impact on their business. Ed Nusbaum, President and CEO of Grant Thornton International, discussed this statistic on Bloomberg. As for North America, one quarter (26%) of companies have also reported negative effects.

However, only 10% of companies globally say they are less likely to develop business in these regions. Mr. Nusbaum concludes that, in light of these results, companies still see real business opportunities in this part of the world for the mid- and long-term.

Next article

07 Jul 2011

Montréal, July 7, 2011 – Raymond Chabot Grant Thornton applauds the Québec government’s announcement to implement the Western Climate Initiative’s (WCI) cap-and-trade credit system for greenhouse gas emissions. The system targets companies generating 25,000 tons and more of greenhouse gases (GHG) per year.

This announcement will allow Québec companies to start preparing now for the implementation of the cap-and-trade system and the transition period that will lead to enforcing the GHG regulations as of January 2013. The initiative will enable Québec to establish a schedule based on that of major WCI partners, such as California, Ontario and British Columbia,” said Raymond Chabot Grant Thornton, Lead Senior Manager, Environment, Greenhouse Gases, Roger Fournier.

In our view, the gas emission allowance market, which is now being created in cooperation with the states of California and New Mexico and the provinces of Ontario and British Columbia, is excellent news for Québec companies. Once it is regulated, this market will benefit our entrepreneurs, who can capitalize on the advantages of a regulated market. The proposed system accepts up to 8% in offset credits for regulated entity emissions. We see this as a business opportunity for other Québec enterprises that will have reduced their emissions and, consequently, will be able to sell those offset credits,” added Advisory Partner, Gérald Daly.

In addition, implementation of the regulation in various North American markets should significantly benefit Québec companies using renewable energy. Thanks to our locally produced hydroelectricity, Québec companies enjoy a very low carbon balance sheet compared to their competitors in the United States and other Canadian provinces, which must deal with much more polluting energy sources.

Such a distinctive factor constitutes a real positioning opportunity for our companies, particularly in a market where responsible supply linked to sustainable development are favoured. A small carbon footprint is a very real comparative advantage that can be used by enterprises to set themselves,” concluded Mr. Fournier.

About Raymond Chabot Grant Thornton
Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting, business recovery and reorganization services. The Firm owes its success to a team of over 2,000 people, including over 225 partners in more than 90 offices in Quebec, eastern Ontario and New Brunswick. The scope of its network has made the Firm the leader in its sector of activities. Additionally, for more than thirty years now, our Firm has also been a member of Grant Thornton International Ltd., providing its clientele with access to the expertise of member and correspondent firms in over 100 countries. 

– 30 – 

Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel. : 514 390-4201
Cell. : 514 554-1685
[email protected]
www.rcgt.com

Next article

28 Jun 2011

For several years, Véronique Denys, Taxation Manager at Raymond Chabot Grant Thornton’s Québec City office, dreamt of setting foot on the “Rooftops of the World.” On May 20, she did just that: she reached the summit of Mount Everest.

In the higher mountain regions where oxygen levels are low, wind gusts reach 90 km/hr and temperatures are extremely cold, Véronique Denys demonstrated courage and determination in her encounter with Mother Nature.

See the video below (in french) to experience the high points of her epic journey.

Next article

14 Jun 2011

NEWS RELEASE – For immediate distribution

“We’re proud to have supported the Quebec government in concluding the financing of this innovative, landmark project.”
– Emilio B. Imbriglio, Chairman of the Board, Partner, Founder and Head of the Infrastructure Financing team

Montreal, June 14, 2011—Raymond Chabot Grant Thornton welcomes the conclusion of the financial agreement for the construction of the new Centre hospitalier de l’Université de Montréal (CHUM). This event concludes several years of intense work and collaboration by all major stakeholders and advisors and marks the beginning of construction of this major project of unprecedented complexity in Canada. Raymond Chabot Grant Thornton acted as strategic advisor to the Quebec government and played a leading role.

“Our infrastructure financing team has been involved in the CHUM project from the outset. We are pleased to have been able to contribute our know-how and expertise in the field of public infrastructure financing to a project that is of crucial importance to Montreal and to Quebec as a whole,” said the Chairman of the Board of Raymond Chabot Grant Thornton and Partner, Founder and Leader of the Public Infrastructure Group, Emilio B. Imbriglio.

The Firm advised Infrastructure Quebec throughout the process and took a lead role on the financial negotiations leading to the signing of the agreement, in addition to setting up the financing and procurement structure for the mega-hospital and its research centre. “More than 20 Raymond Chabot Grant Thornton consultants worked on this huge project, including several health infrastructure specialists. This teamwork showcases our firm’s expertise and skill in strategic advice for projects of importance to our society. It’s also one of the world’s largest healthcare projects, only made possible through a blend of local and international expertise,” added the Infrastructure Consulting Services Partner, Sam Pickering.

“Raymond Chabot Grant Thornton’s added value in negotiating and implementing public-private partnership projects lies not only in its in-depth knowledge of corporate financing and issues associated with the development of new public infrastructures, but also in its capacity to put together multidisciplinary teams capable of addressing the challenges inherent in each type of project, in fields as varied as healthcare, transportation, public safety, infrastructures and information technologies, among others,” concluded Mr. Imbriglio.

About Raymond Chabot Grant Thornton: Founded in 1948, Raymond Chabot Grant Thornton has become one of the international leaders in assurance, taxation, consulting, and recovery and reorganization services. The Firm owes it success to more than 2,000 employees across Canada, including more than 225 partners in over 90 offices in Quebec, eastern Ontario and New Brunswick. For more than 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, offering its clientele access to the expertise of member and corresponding firms in over 100 countries. Grant Thornton Raymond Chabot Infrastructure Inc. works across Canada and is headquartered in Montreal.

–30–

Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
Cell.: 514-554-1685
[email protected]
www.rcgt.com