More Canadian M&A deals in Q2 due to resource revival: Crosbie

Canadian merger and acquisition (M&A) activity at home and abroad in the second quarter of 2016 reached its highest level since Q3 2014, despite a substantial drop in deal values, Crosbie & Co reported. Figures developed from Capital IQ and other sources showed 709 deals capturing $47.9 billion in Q2 2016, compared to 652 deals worth $75 billion a year ago. Domestic M&A activity saw year-over-year gains in both volume and dollars invested between April and June, with 482 deals valued at $19.8 billion. Crosbie said the overall increase in M&A transactions was driven in resource sectors, which are experiencing the effects of more stable commodity prices.