HGreg Receives the Canadian Business Excellence Award for the Third Year in a Row
MONTRÉAL — HGreg has been named recipient of the Canadian Business Excellence Award in the Private Sector for the third year in a row. Awarded by Excellence Canada, this prize recognizes the best practices in customer service, employee mobilization and innovation in the workplace among Canadian businesses.
Article content
'This acknowledgment greatly affirms our company's vision and strategy, which are rooted in innovation and proactive customer service,' says John Hairabedian, President of HGreg. 'Being one of only a handful of companies to be honored nationwide is a testament not only to our performance, but also to the trust our customers place in us day after day.'
Article content
The winners will be honoured at an event held at Toronto's Eglinton Grand on September 23. The ceremony is part of Excellence Canada's Ruby Jubilee, marking 40 years dedicated to the promotion of organizational excellence across the country.
Article content
About HGreg
Article content
Founded in 1993, HGreg is committed to simplifying the vehicle-buying process through values of excellence, transparency, the judicious use of technology and a refreshingly customer-focused philosophy. Supported by a team of passionate car enthusiasts, HGreg operates dealerships in Québec and the United States, offering both new and pre-owned vehicles.
Article content
To find out more, visit www.hgregoire.com. About the Canadian Business Excellence Awards
Each year, the Canadian Business Excellence Awards are presented nationwide by Excellence Canada in collaboration with PwC Canada. This special designation aims to recognize companies that employ a strategic approach to boost performance and meet their objectives, regardless of their industry.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
For further information:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
43 minutes ago
- Globe and Mail
Fowl play
Clandestine surveillance, allegations of unsafe chicken and a broken business relationship: the story behind a Canadian lawsuit against Popeyes Louisiana Kitchen Susan Krashinsky Robertson Retailing reporter The Globe and Mail Augo Pinho, president and CEO of ADP Direct Poultry, at the company's Etobicoke chicken processing facility. Galit Rodan/The Globe and Mail to view this content.
CTV News
an hour ago
- CTV News
Ontario mortgage delinquencies on the rise and could climb higher still, experts warn
A real estate sign is displayed in front of a house in Toronto in this file photo. THE CANADIAN PRESS/Evan Buhler Mortgage delinquencies appear to be on the rise in both Ontario and the Greater Toronto Area and the numbers could get worse as Canada navigates choppy economic waters, experts say. According to data prepared for the Canada Mortgage and Housing Corporation (CMHC) by Equifax Canada, mortgage delinquencies rose to 0.22 per cent in Ontario for the first quarter of this year. That's up from 0.15 per cent in the first quarter of 2024 and 0.09 per cent in the first quarter of 2023. In Toronto, the mortgage delinquency rate hit 0.23 per cent for the first quarter of 2025. That compares to 0.14 per cent for the first quarter of 2024 and 0.08 per cent for the first quarter of 2023. Specifically, the data tracks the volume of 90-day mortgage delinquencies, which include defaults, but can also refer to late payments. While the rate might not be terribly bad by historical standards, mortgage delinquencies haven't been that high in Toronto since early 2013 and Ontario hasn't seen levels this high since 2016. Equifax reported in February that more than 11,000 mortgages in Ontario recorded a missed payment in the last quarter of 2024. The firm warned that Ontarians are struggling with their mortgages and that mortgage holders are struggling with other forms of debt as well. 'It's concerning,' says Maria Solovieva, an economist at TD Bank. Interest rates, uncertainty are factors Experts say there are two main reasons why mortgage delinquencies are on the rise now. First, the province is seeing a wave of mortgage renewals by people who bought homes with rock-bottom borrowing costs during the pandemic and are now having to renew at higher rates. But in addition to low interest rates, people also had forced savings during lockdown, Solovieva points out. 'So they had these extra funds available for them to put towards repayment,' she says. In that sense, it was predictable that some people might have difficulty making their payments now. 'There's definitely a rise in (delinquencies) associated with coming back to normalcy,' Solovieva says. Jordan Nanowski, CMHC's lead economist for the Greater Toronto Area, agrees. 'I think a rise in delinquencies is expected given that there's a lot of mortgage renewals taking place, so (that) reflects higher mortgage costs,' Nanowski says. The second thing driving up delinquencies, he says, is economic uncertainty finding its way into the labour market. 'There's a lot of economic uncertainty that in itself is already manifesting certain negative impacts,' Nanowski says. 'Especially in certain industries, we're seeing some job cuts and that could be contributing as well. So it's kind of a confluence of the two.' While the data is not clear on this point, Nanowski says the softening of the condo market could well be playing a role in delinquencies if people looking to offload those properties find they are unable to get their money out because of the weaker market. 'There definitely could be individuals that are, let's say, a little bit more tied to their property and if they have issues making payments and they're looking to sell, it's not that easy to sell,' he says. 'So in that type of environment, they might be more likely to be in arrears for longer. So market dynamics are definitely playing a factor there.' Ontario vulnerable as trade war remains unresolved Both Solovieva and Nanowski agree that going forward, Ontario could be in for a rough ride if the ongoing trade war with the United States, sparked by U.S. President Donald Trump's tariff threats, hits the job market. 'We do expect that Ontario specifically will be hit by the trade war a little bit more,' Solovieva says. 'The unemployment rate is already at 7.9 and 7.8 per cent between the two months in May and in June (respectively), so it's larger than average in Canada.' Nationally, unemployment sat at 6.9 per cent in June. 'The economic uncertainty and impacts of potential tariffs could impact employment for a lot of individuals, and that could increase mortgage arrears,' Nanowski says. He points out areas that support industries targeted by the U.S. for tariffs are particularly vulnerable. 'Windsor is probably the most exposed. Same with case Kitchener, Cambridge, Waterloo, St. Catharines, Niagara, Hamilton for steel,' Nanowski says. 'Those are places that mortgage arears might pop up a bit higher if trade tensions and economic uncertainty persist, right? And we're already seeing a bit of impact there. You're seeing some job losses in certain sectors that are more unique to that area.' CMHC could not provide the real number of mortgage delinquencies in Ontario. However, of the nearly 7 million outstanding mortgages in Canada, 0.22 per cent were in arrears in the fourth quarter of last year, according to the corporation. That translates into 15,259 mortgages across the country. Nanowski adds that while the diversified labour market within the Greater Toronto Area is something of a bulwark around Toronto, the GTA is still vulnerable in some places, such as Oshawa, where thousands of jobs are tied to the auto industry. But while there's reason for concern, Solovieva points out that for the time being, mortgage delinquencies still sit at less than a quarter of a percent. 'So it just tells you that, yes, there is strain, especially in those very not affordable regions,' she says. 'But it's not something that will basically, at this point, be a breaking point.' Are you having difficulty making your mortgage payments? CP24 and CTV News Toronto want to hear from you. Email us at torontonews@ with your name, general location and phone number in case we want to follow up. Your comments may be used in a CP24 or CTV News story.
CTV News
3 hours ago
- CTV News
All in on ETFs? Experts share how to diversify your portfolio — without overdoing it
TORONTO — Exchange-traded funds have exploded in popularity, and so have investment strategies based only on ETFs, but some investors might be wondering whether that could lead to their portfolio being too diversified. Financial experts say allocating an entire portfolio to ETFs can be a viable strategy, but it's important for investors to know what holdings are in the funds they're buying. When looking at portfolio diversification for ETF-focused investors, Jonathan Rivard, general principal at Edward Jones, said it's important to consider the individual's time horizon and risk appetite. 'You could absolutely be 100 per cent invested in ETFs. But you want to know what's in the ETF and what the allocation looks like. Some ETFs will be balanced; they'll have a mix of stocks and bonds in them. Some will be sector products,' Rivard said. 'The important thing comes down to understanding what does this basket hold? And if I own multiple ETFs, what does it look like across multiple ETFs in terms of asset allocation?' Prerna Mathews, Mackenzie Investments' vice-president of ETF product strategy, said there are a few key points to keep in mind regarding diversification, notably, it is important to think beyond just diversifying by geography. 'So (if) you're starting with the core Canadian, U.S., international exposure, don't stop there. Think about how fixed income plays a role in your portfolio, real assets, there are thematic products, and there are alternative ETFs. There are a lot of different drivers of return that can be added to a portfolio available in ETF form,' she said. Another consideration is buying ETFs with different investment styles, she said, which may include combining traditional index ETFs with others that are actively managed or have low volatility. Time horizon is also an important consideration, where those with a longer investment horizon may want to focus on growth, she said, taking on more risk with higher equity exposure. Regarding fixed income, Mathews said to be aware of the differences between short- and longer-term yields, adding that most investors will likely not have exposure to every duration of fixed income and should know the relevant trade-offs. 'In some cases, you can get a very attractive yield at the short end of the curve without taking on significant risk as you would on the long end,' she said. 'Really understanding the trade-off there and likely having some short-term fixed income in the portfolio would be viable. But aggregate bonds over a 30-year time period are generally a good place to be.' Mathews said there is also a growing number of investors opting for an asset allocation ETF. She said this type of ETF is essentially eight to 12 ETFs 'all packaged up in one,' and has served as a core holding for those looking for a 'set it and forget it' investment. Despite the benefits of diversification, Mathews said there are dangers to being overly diversified. This might occur for someone investing in Canadian equities through an ETF but also buying into an asset allocation ETF, Mathews said. In that case, the investor may end up with more Canadian equity exposure than anticipated. Similarly, with the TSX financials sector representing around 30 per cent of the overall index, an investor with a TSX-focused ETF and a Canadian banks-focused ETF could end up with too much exposure to Canadian bank stocks. 'There is a risk of having too much product in your portfolio. Sometimes that can creep up on us when we're not doing a full look through to what each ETF might be investing in,' she said. This report by The Canadian Press was first published July 24, 2025. Daniel Johnson, The Canadian Press
