The total value of announced mergers and acquisitions in which Canadian companies were targets rose to US$38.9 billion in the second quarter of 2025, from US$24.8 billion the previous year, according to LSEG data. However, there were only 593 deals in the second quarter, compared to 825 deals in the same period last year, marking a near-decade low for the quarter. (The Logic)
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The total value of announced mergers and acquisitions in which Canadian companies were targets rose to US$38.9 billion in the second quarter of 2025, from US$24.8 billion the previous year, according to LSEG data. However, there were only 593 deals in the second quarter, compared to 825 deals in the same period last year, marking a near-decade low for the quarter. (The Logic)
Talking point: The largest deals announced in the quarter were Borouge’s acquisition of Calgary-based Nova Chemicals and Sunoco’s bid for Calgary’s Parkland. The drop in M&A comes as deals suffered a blow from volatility caused by U.S. President Donald Trump’s global tariff threats, with U.S. deals for Canadian companies hitting its lowest point for the month in 22 years in January. The value of deals has since ticked back up, but the number of deals has yet to recover.
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