Quarterly M&A Insights
As a part of our commitment to providing clients with timely and insightful information to inform their most complex business decisions, we present our M&A Quarterly Insights series. A valuable tool for companies, investors and other stakeholders, these reports provide a comprehensive overview and analysis of M&A activity and business trends in Canada.
As we move through 2025, Canada’s M&A landscape reflects a mix of resilience and caution. While overall deal volume has declined, total deal value is rising, with buyers remaining confident in their long-term strategies despite trade uncertainty and shifting market conditions.
Key M&A trends we are tracking include:
- larger deal sizes, particularly in oil and gas transactions;
- strategic M&A activity to manage supply chain risks and navigate tariff pressures;
- disciplined capital allocation supported by stronger balance sheets and active debt markets; and
- evolving foreign investment rules, including expanded national security reviews under the Investment Canada Act.
With these dynamics in play, Canada presents a stable and attractive environment for dealmaking, offering access to global markets and reliable trade partnerships amid ongoing US and global volatility.
Stay informed with our insights into Canada’s M&A landscape for the year ahead.
Work With Our
M&A Group
M&A Group
Our M&A group spans all industries, particularly those that drive the Canadian economy, such as energy, mining, financial services, technology, agribusiness and manufacturing, among others. Clients benefit from our focus on efficient identification of issues that matter to their business. Our lawyers account for your risk appetite and the commercial realities likely to apply after closing to guide negotiation strategy and structuring.
Bennett Jones has been monitoring Canadian business trends closely and is available to discuss the developments and opportunities shaping the Canadian M&A landscape.
Connect with us to learn more about how we can help you navigate your business' needs.
Curtis A. Cusinato
Vice Chair and Partner • Cross-border Mergers and Acquisitions and Capital Markets Lawyer
