Mergers and acquisitions involving Canadian companies hit US$84 billion in total value in the third quarter of 2025, up 51 per cent from the same period last year. Stock sales more than doubled and corporate borrowing increased 31 per cent year over year. (The Globe and Mail)
Talking point: Stikeman Elliott chair Peter Castiel said Bay Street is getting used to uncertainty and can no longer wait for economic conditions to settle. “We need to figure it out and move on,” he told The Globe and Mail. A few big deals announced last quarter helped drive the M&A turnaround, including Teck Resources’ proposed mega-merger with Anglo American, which would value the combined company at $76 billion, and Cenovus Energy’s $7.9-billion agreement to buy MEG Energy.