11 Oct 2011

Congratulations to the two Sherbrooke Office teams that participated in the fifth edition of the Lac Memphrémagog relay race on September 24, 2011, to raise funds for under-privileged elementary school children.

Despite the bad weather, our two teams gave their all to run the 117 km of the race around Lac Memphrémagog, tackling twisting and hilly roads.








Kudos to the members of our two dynamic teams for their participation and stellar team spirit.

To find out more about this event that had more than 100 teams and 600 runners, see the Web site here: www.relaisdulacmemphremagog.com.

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07 Oct 2011

Véronique Denys, Tax Manager with the Québec City office, is off on another adventure after having made her dream of conquering Everest come true last May. Véronique will now attempt to scale the Carstensz Pyramid in Oceania in order to complete the “Seven Summits” challenge.

The “Seven Summits” challenge consists in climbing the tallest mountain peaks of each of the seven continents—an international challenge coveted by the greatest mountaineers in the world. If Véronique manages to scale the Carstenz Pyramid, she will only have to climb to the top of the Vinson Massif in Antarctica to become the first Québecker ever to accomplish this epic feat.

“Now, I’m beginning to realize that I can make this happen. Before climbing Everest there was always a doubt, because you’re faced with so many unexpected occurrences in the Himalayas, but now, the dream that I’ve cherished for so long should be achieved before the end of the year, if all goes well”, said Véronique in an article that ran in Le Soleil on September 25. Best of luck, Véronique!

To relive the highlights of Véronique’s trek to the top of Everest, check out the moving video taken by Véronique on the tallest mountain in the world.

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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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06 Oct 2011

Good news! Raymond Chabot Inc. was awarded the 2011 Consumer Choice Excellence Award in the Trustee category for the Montréal region.

Éric Lebel, Partner, Reorganization, at the Brossard office, represented Raymond Chabot Inc. and received the honour during the Consumer Choice Award Gala on September 25, 2011.

The award was granted based on the results of a survey conducted by research firm Léger Marketing, which ranked the best enterprises selected by consumers and business people in their industry. In addition, the Consumer Choice Award is the only prize in North America that recognizes business excellence using a statistically valid survey conducted among consumers and businesses.

Thanks go out to all employees who have contributed to Raymond Chabot’s tradition of excellence over the last 60 years in individual insolvency and enterprise recovery and reorganization.












Partner Éric Lebel (left) receives the prize from Marcel Sbrollini, Consumer Choice Award President.