Record outbound Canadian M&A gives foreign banks an upper hand: Reuters
A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations, Reuters reported. Canada's outbound M&A volume hit a record US$128 billion last year. Bankers expect the trend to continue as sluggish economic growth at home, and a highly-concentrated market, make domestic M&A less appealing.
21 March 2017•3 mins read
