Momentum Shift: Canada’s M&A Landscape in 2025

Written By Curtis Cusinato, Mark Rasile, Dominique Carli and Allegra Hessels
January 10, 2024

As we move into 2025, we anticipate significant growth in Canadian M&A activity driven by several factors. These include a likely shift towards a more merger-friendly regulatory environment in the United States for cross-border deals, lower inflation, stabilized interest rates, continued surplus institutional capital and the increasing need for private equity groups to pursue exits. These factors set the stage for a strong start to Canadian dealmaking in the new year.

Key M&A trends we are tracking include:

  • increased activity in mid-market transactions and private equity exits;
  • ongoing growth in infrastructure M&A and investment activity;
  • continued going-private transactions among Canadian technology companies; and
  • the rising influence of artificial intelligence on M&A deal structures and strategies.

With improved market conditions and a general sense of momentum, 2025 presents a promising landscape for Canadian dealmaking.

Stay informed with our insights into the M&A landscape and opportunities for the year ahead.

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Bennett Jones has been monitoring Canadian business trends closely and is available to discuss the developments and opportunities shaping the Canadian M&A landscape.

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