Canadian M&A dealmaking plunges in first quarter
Following lacklustre activity in 2013, deal-making in Canada's M&A market showed a major drop in the first quarter of 2014, reports Crosbie & Co. The Financial Post Crosbie: Mergers & Acquisitions in Canada database counted 189 announced transactions valued at $31.1 billion in this period, representing the lowest level of activity since the first quarter of 2009. Crosbie managing director Colin Walker said slow activity is at odds with several factors that should be creating strong market conditions. To an extent, overall M&A numbers are being impacted by sharp declines in dealmaking in certain sectors, such oil and gas and real estate, the report said.
20 June 2014•3 mins read
