M&A Activity in Canada Up in Third Quarter: Lexpert on Bennett Jones M&A Update
October 24, 2025
Authors
Kwang LimVancouver Managing Partner
Angela BlakePartner
Laura JamesPartner
Lexpert reported on the rise in M&A activity in Q3 2025, according to Bennett Jones latest quarterly update on Canada's dealmaking landscape.
Total deal value in Q3 2025 was up US$48.6 billion compared to Q3 2024—and year-to-date deal value this year was US$125.2 billion higher than last year’s total despite a drop in deal volume.
Bennett Jones' M&A team says this outcome reflects the improved dealmaking sentiment as companies and investors adjusted to the uncertainty plaguing the first half of the year. July marked the most active month of 2025 in terms of deal count in Canada while September logged the highest total deal value at US$60 billion.
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For Informational Purposes Only
This publication provides an overview of trends and legal updates for informational purposes only. For personalized legal advice, please contact the authors.
Authors
Kwang Lim, Vancouver Managing Partner
Vancouver • 604.891.5144 • limk@bennettjones.com
Angela Blake, Partner
Toronto, Vancouver • 416.777.4889 • blakea@bennettjones.com
Laura James, Partner
Vancouver • 604.891.5170 • jamesl@bennettjones.com