www.lexpert.ca 5
at compares with 50 such deals in 2024
and a 72.4 percent increase between 2020
and 2024.
Overall M&A activity in Canada also
fell in January, according to LSEG, hitting
a nine-year low for the month. It dropped
37 percent from January 2024, which saw
210 deals.
e overall deal value for M&A in Canada
in January dropped to roughly US$6.1
billion, down from roughly US$10.1 billion
in deals in January 2024. (ough that was
still ahead of the US$4.6 billion and US$5
billion in January 2022 and 2023.)
Lawyers such as John Emanoilidis at Tory's
LLP say it's "unsurprising" that dealmaking
slows down during times of uncertainty.
"Generally, during periods of uncertainty,
firms cut back or slow down on M&A,"
he says. "It's not all across the board, but
for businesses heavily reliant on trade and
exports, tariffs make it more challenging
"There's really only
one thing that is
truly impacting
M&A activity right
now, and that
is uncertainty"
Shea Small
MCCARTHY TÉTRAULT
LLP
