Canada's M&A Landscape Q3 2024: Creativity in Canadian Deal Making
Written By Kevin Myson and Kimberley Grellinger
October 10, 2024
In the third quarter of 2024, Canada’s M&A market reached its highest deal volume in nearly three years. Large-scale transactions, particularly in the food and telecommunications sectors, fueled this growth, while mid-market activity also saw a notable rise.
Key trends we are tracking for the remainder of 2024 include:
- continued increase in M&A deal volume, with two of the year's largest transactions announced in Q3;
- the impact of interest rate cuts by both the U.S. Federal Reserve and the Bank of Canada on deal-making conditions;
- growing use of creative tools and solutions, such as preferred equity and corporate carve-outs, to bridge valuation gaps; and
- rising importance of Representations and Warranties Insurance in M&A, especially in the energy and mining sectors.
These developments signal a dynamic and evolving landscape for M&A in Canada, with favorable conditions setting the stage for further activity. Stay ahead of the curve with this Q3 report.