Canadian M&A surges in Q3 as mining, real estate deals rebound: Reuters
Canadian mergers-and-acquisitions activity nearly doubled in the third quarter, fueled by deals in the mining, real estate and cannabis sectors, Reuters reported. Quarterly deal volume was up 91 percent to US$75.7 billion from US$39.6 billion in the same period last year, according to Thomson Reuters data released this week, bucking a global trend of declines in Europe and Asia. It was the strongest period for Canadian mining M&A since the second quarter of 2011. Mining deals slowed in recent years, due in part to commodity price pressures, balance sheet weakness and investor push back against miners seen as overpaying for assets.
4 October 2018•2 mins read
