PwC Capital Markets Flash

Q3, 2013

Canadian M&A activity rose sharply in the third quarter of 2013 on a value basis, to US$54.8 billion from US$38.9 billion in Q2, according to PwC’s Capital Markets Flash released today. Volume was actually some 6% down on Q2, the advance has been at the high end of the market where Loblaw’s $13B acquisition of Shoppers Drug Mart led the quarter’s nine $1B+ deals to account for a whopping two-thirds of the total.

While the near term outlook for M&A in Canada is subject to a lot of uncertainty given the shaky nature of the global recovery, PwC’s Capital Markets Flash covers key areas where the future looks clearer.

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