27 Oct 2014


Following the sale of half of the DIX 30 complex to an Ontario pension fund (Oxford Group), the Argent channel show “À la une” interviewed Frédéric Labrie, Partner, Real Estate Consulting Group at Raymond Chabot Grant Thornton. He was invited to speak on the impacts of this major real estate transaction and DIX 30’s success.


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24 Oct 2014

On Tuesday, October 21 at the Delta Hotel took place the 16th Conference supper of the Vice-president of the Eastern Townships’ region.

The evening, brilliantly hosted by two employees of the firm, Manon Tétrault and Éric Mathieu, respectively Accounts payable clerk and Senior manager in Assurance, has also gave way to the performance of a mystery guest, the humorist André Sauvé.

From left to right : Réal Létourneau, Manon Tétrault, André Sauvé et Éric Mathieu

From left to right : Réal Létourneau, Manon Tétrault, André Sauvé et Éric Mathieu

Nearly 250 partners and employees of the offices of Granby, Bromont, Cowansville, Magog, Coaticook, Drummondville, Lac-Mégantic and Sherbrooke were gathered for the occasion.

Created by Mr. Réal Létourneau during his first year as Vice-president in 1999, the annual event is about recognition and aims to recognize the dedication and excellence of the team members of the firm.

Seven (7) Recognition Prizes and one (1) Vice-president Prize were given during the evening. The winners by category are:

  • Social commitment to the Firm’s activities: Stacey Loomis
  • Social commitment to the community: Sandra Chouinard
  • Internal customer service: Manon Tétrault and Jocelyne Verpaelst tied
  • Professional competencies: Véronique Deshaies
  • Productivity and availability – Assurance: Chantal Charest
  • Productivity and availability – Taxation and consulting services: Jean-François Morin
  • Enterprise development: Éric Mathieu
  • Vice-president Prize: Nicole D. Demers

As for Mr. Létourneau, he gave a summary lecture of the last 15 Vice-president’s Conference suppers while stressing the importance of the strength of a team and of its potential for always excelling. The hosts and all present employees extended warm greetings to Mr. Létourneau, for whom it was his last supper as Vice-president.

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22 Oct 2014
Emilio B. Imbriglio

Emilio B. Imbriglio

On November 12, 2014, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, will be the guest speaker of the Canadian Italian Business and Professional Association (CIBPA) where he will share ideas for boosting our economy.

Quebec has got all that it takes to rank among the most productive and prosperous nations in the world, however, it needs the means to achieve its ambitions.

With the success of local businesses at heart, Emilio will share what the firm believes is essential for stimulating economic growth, creating jobs and making our society more competitive, while highlighting the firm’s role in supporting organizations.

For more information and to sign up for the event, consult CIBPA’s Web site.

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21 Oct 2014

A new International Business Report on the growth landscape in Quebec released by Grant Thornton

MONTRÉAL, October 21, 2014 – New research shows that rising optimism in Quebec is feeding into brighter business growth prospects but that bureaucracy is constraining those very same growth plans. The results from Grant Thornton’s International Business Report (IBR), a survey of 2,500 senior executives in 34 economies, reveals that despite roadblocks businesses in Quebec are focused on incentivizing productivity improvement and enhancing sales force effectiveness in a bid to boost growth over the next 12 months.

When presenting at The Montreal Council on Foreign Relations Business Series earlier today, Ed Nusbaum, global CEO of Grant Thornton, said: “The global economy is delicately poised. Growth is slowing sharply in Europe and many large emerging markets such as Brazil and China; the spectre of deflation is apparent in the Eurozone and Japan; while conflict and falling commodity prices is dampening oil-producing countries’ growth prospects. I would echo the words of the IMF and call on governments to not resort to protectionism and instead enact reforms that free up dynamic businesses around the world to generate the jobs and growth they are capable of.”

According to the IBR, though Quebec’s economy compares favourably to most western economies, it has grown more slowly since the global financial crisis, when compared to the Canadian average. This slower growth is expected to persist over the short- to medium-term.  Quebec’s economy posted an expansion of 1.5% in 2012 and 1.1% in 2013, compared to 1.7% and 2.0% for Canada as a whole respectively. This is due in part to the greater fiscal restraint required in Quebec and weaker demographics affecting population growth.

“Senior executives in Quebec are more optimistic about future business growth prospects than the Canada average and yet they anticipate lower profits and growth prospects,” stated Emilio B. Imbriglio, President and Chief Executive Officer of Raymond Chabot Grant Thornton. “We have a responsibility to address the roadblocks they face, because we cannot afford to squander this optimism nor business executives’ commitment to increasing productivity,” added Mr. Imbriglio.

The IBR survey found that regulations are the major constraint facing businesses in Quebec; 38% of businesses cite them as a hindrance to their efforts to expand operations, compared to 28% across both Canada and North America. The recent creation of the function of the minister for Small and Medium Enterprises, Regulatory Streamlining and Regional Economic Development is widely considered a move in the right direction. The Minister’s plans for regulatory streamlining in response to the survey’s results are anxiously awaited. Furthermore, the quality of local transport infrastructure also emerges as a challenge, cited as a growth constraint by 22% of the province’s businesses compared with just 10% countrywide.

Despite these challenges, the optimism of businesses in Quebec towards the economic outlook rose sharply in Q3, climbing to net 70%, up from 42% in Q2, suggesting growth is set to pick up pace over the coming months. Optimism amongst Canadian businesses as a whole has remained fairly stable over recent quarters but is lower than in Quebec; in Q3, a net 57% of Canadian business leaders as a whole indicated optimism for the outlook.

To stimulate growth, close to three in five businesses are looking at productivity improvements (58%) compared with 37% across Canada and 32% across North America, while 52% are looking at boosting the effectiveness of their sales force, above the Canada (50%) and North America (43%) averages.  In terms of M&A activity, two in five Quebec businesses (43%) plan to grow through acquisition over the next three years, compared to 40% in Canada and 47% across North America. This compares with 31% globally. The vast majority of Quebec companies (87%) are looking at domestic opportunities.

The full report Quebec: the business growth landscape can be consulted here: www.rcgt.com/en/IBR-QC-2014.

Notes to editors
The Grant Thornton International Business Report (IBR) is the world’s leading mid-market business survey, interviewing approximately 3,300 senior executives every quarter in listed and privately-held businesses all over the world. Launched in 1992 in nine European countries, the report now surveys more than 12,500 businesses leaders in 45 economies on an annual basis, providing insights on the economic and commercial issues affecting companies globally. For more information, please visit: www.internationalbusinessreport.com.

The data in this report are drawn from interviews with chief executive officers, managing directors, chairmen and other senior decision-makers from all industry sectors in businesses with C$15M-C$500M. Q3 data is drawn from 2,500 interviews globally (50 in Quebec; 100 in Canada; 400 in North America) conducted in September 2014.

Data collection
Data collection is managed by Grant Thornton’s core research partner – Experian. Questionnaires are translated into local languages with each participating country having the option to add a small number of country-specific questions to the core questionnaire. Fieldwork is undertaken on a quarterly basis. The research is carried out primarily by telephone.

About Grant Thornton
Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms. These firms help dynamic organizations unlock their potential for growth by providing meaningful, forward-looking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them find solutions. More than 38,000 Grant Thornton people, across over 130 countries, are focused on making a difference with clients, colleagues and the communities in which they live and work.

About Raymond Chabot Grant Thornton
This week, Raymond Chabot Grant Thornton is proud to host the Grant Thornton International conference in Montréal. Some 800 delegates from over 130 countries will be attending. Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, tax, consulting services, business recovery and reorganization. Its strength is based on a team of more than 2,400 people including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. Over 30 years ago, Raymond Chabot Grant Thornton became a founding member of the Grant Thornton International Ltd network.

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Francis Letendre
Raymond Chabot Grant Thornton
Senior Consultant, Public Relations
T +1 514 390-4201
E [email protected]

Dominic King
Grant Thornton International Ltd
Global research manager
T +44 (0) 207 391 9537
E [email protected]