06 Oct 2011

Raymond Chabot Grant Thornton is releasing the results of a survey on optimism among business executives. The findings gleaned from the Grant Thornton International Business Report (IBR) indicate that Canada is doing well economically on the international stage. Canadian business executives are optimistic about hiring, GDP growth, and business profitability forecasts, as well as revenue and investment outlooks in infrastructures and machinery.

If Canada is 6th in the world behind the Philippines, Georgia, the United Arab Emirates, Mexico and Chile, it leads all Western nations, and is far head of the pack of European countries and the United States. This enviable position is primarily due to the robustness of the Canadian financial system and the strength of Loonie, which is spurring infrastructures and machinery investments.

That said, the global trend is quite downbeat, as the optimism level of business executives plummeted during the last quarter from 31% to a low of only 3%. This trend stands in very sharp contrast to the optimistic sentiment of Canadian business executives, which is still at 60%. Ominously, this uncertainty has also spread to key emerging markets, with both China and India seeing net optimism decline by 29 percentage points. The optimism of business owners in western markets has taken a hit as well: optimism nosedived from 42% to -2% in the U.S. and from 34% to 0% in the EU.

These figures are the worst since 2009, when we were in the midst of the global recession. The worrying thing is that negative sentiment about the wider economy is now damaging business growth prospects.

Businesses are telling us they feel they have no control over how things are going to turn out. There’s a perception that attempts to create stability and stimulate growth just haven’t worked. An economic outlook that appeared to be improving just three months ago has been replaced with one of total uncertainty. Moreover, rising shortages of demand were reported not just in Europe and North America but also in the BRIC, South East Asian and Asia-Pacific economies. Incidentally, two years ago the same survey indicated that the emerging markets would underpin the global recovery. But now they are also suffering a crisis of confidence.

This finding seems to refer in particular to the current economic uncertainty and financial instability prevailing internationally, and especially in Europe. Agreeing on a package of measures to restore both investor stability and confidence is arguably the single biggest challenge facing policymakers.

Click the following link to view the Grant Thornton International Business Report (IBR): http://www.grantthorntonibos.com/index.asp.

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26 Sep 2011

September is upon us and Raymond Chabot Grant Thornton has begun its university recruiting activities.

The university recruiting of future chartered accountants is a priority for RCGT. By joining our ranks, we are convinced that future chartered accountants will be able to discover their passions, find the right balance, explore their hidden talents and much more!

This year, we invite future CAs to discover what successes await them! When future CAs and juniors browse the rcgt.com Web site and its section on university recruiting, they will realize that they can count on our Firm to develop their potential and ensure their success!

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12 Sep 2011

Raymond Chabot Grant Thornton and Les Affaires invite the business community to take part in the next segment of Opération Relève Québec 2011.

Opération Relève Québec 2011 is a concrete way to outfit both those seeking to hand over the reins of their business and those who have shown an interest in taking them up.

Started last February, this Quebec tour will visit six new cities by the end of October. At each stop, Raymond Chabot Grant Thornton and Les Affaires, as well as their tour mates, will be presenting a series of free workshops on business transfers and succession planning. The morning workshops are specifically designed to help business owners prepare their succession, while the afternoon sessions are geared to the succession and future directors.

Tour Schedule

Dates Cities
February 23, 2011 Dorval
March 16, 2011 Joliette
April 12, 2011 Québec
April 13, 2011 Lévis
April 20, 2011 Beloeil
May 5, 2011 Rivière-du-Loup
May 17, 2011 Trois-Rivières
September 14, 2011 Sainte-Adèle
September 20, 2011 Laval
September 29, 2011 Val-d’or
October 4, 2011 Orford
October 26, 2011 Saguenay

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04 Aug 2011

Raymond Chabot Grant Thornton is pleased to confirm our agreement with Québec International regarding the Bâtiment vert et intelligent (BVI) component, as part of our ongoing initiatives to associate with excellence niches that contribute to the Québec City metropolitan region’s economic development.

Raymond Chabot Grant Thornton’s association with Réseau BVI once again attests to our Firm’s distinctive positioning and proactivity in a thriving sector: the development of products and services that meet the new international sustainable construction standards.

The Bâtiment vert et intelligent excellence niche builds on the know-how of the various stakeholders involved (architects, entrepreneurs, manufacturers, etc.) to develop expertise and innovative practices in leading-edge technology design and new generation building construction.