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.

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13 Jul 2011

We are pleased to announce the signing of an agreement with École d’entrepreneurship de Beauce, founded by Marc Dutil, President and CEO of Canam Group Inc.

This agreement will promote access to this school’s unique expertise by enabling an experienced entrepreneur to join the entrepreneurs-in-training to be trained by well-known established entrepreneurs, such as Marc Dutil, Gregory Charles, Robert Dutton, Mario Girard and Alain Lemaire.

As stated by Jean Robillard, President and Chief Executive Officer of Raymond Chabot Grant Thornton, “Quebec needs to overcome challenges to become economically competitive and increase productivity. Therefore, our collective duty is to encourage the next generation to become entrepreneurs. This is so true, in fact, that we have deemed it appropriate as a firm to develop a practice called, “Business Succession and Continuity.” With this agreement, Raymond Chabot Grant Thornton is proud to share the entrepreneurial passion and help young companies grow.

For more information on École d’entrepreneurship de Beauce, go to www.eebeauce.com.

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12 Jul 2011

Using an original idea, Raymond Chabot Grant Thornton set itself apart during the Chambre de commerce région de Mégantic’s golf tournament in June. Our colleagues in the Eastern Townships decided to literally bring our ad campaign theme (Tell us what’s keeping you up at night) to life by setting up a real bed on one of the golf course holes!

The tournament players couldn’t help but notice the bold and surprising installation, which brought a smile to many of their faces. The players were also asked to fill out a coupon saying what keeps them up at night, and the answers were as original as our idea.

This was a fine opportunity for our Firm to get noticed and make an amusing initial contact with the event’s participants. Guy Fauteux, Partner, and Jérome Poulin, Assurance Manager, who both work in the Lac Mégantic office, were the ones who suggested the idea to set up the bed on the course. Well done!

Our three hosts had a lot of fun leading the event, which got many people talking! From left to right: Chantal Guillemette, Manager, Corporate Finance Consulting (Sherbrooke), Karyn Lebrun, Consultant, Management Consulting (Sherbrooke) and Christian Paquet, Manager, Business Development for the Eastern Townships region.

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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. 

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Information:

Francis Letendre
Public Relations Consultant
Raymond Chabot Grant Thornton
Tel. : 514 390-4201
Cell. : 514 554-1685
letendre.francis@rcgt.com
www.rcgt.com