Megadeals fuelling unprecedented Canadian merger and acquisition boom
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Megadeals fuelling unprecedented Canadian merger and acquisition boom
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Canada M&A sets record for quarter on cross-border deals, easy money
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TORONTO Canadian M&A activity in the first three months of the year catapulted to an all-time high as dealmaking recovered from the coronavirus fallout, and bankers point to a healthy pipeline of transactions underpinned by easy financing conditions.
The novel coronavirus dragged mergers and acquisitions (M&A) down to a nine-year low in 2020 as companies switched to cash preservation mode. But the rollout of vaccines and an expected economic recovery is reviving confidence among companies to strike deals, especially in the United States.
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