Welcome to the June 28, 2012 edition of the Capital Markets Flash.
In early 2012, we anticipated that Canadian M&A activity would be in line, or moderately below, the 2011 domestic tempo. As well, we expected that Canadian M&A activity would move forward at a measured rate while outpacing global M&A growth rates.
Through the first five months of 2012, both of these predictions rang true. In the five months ended May 31,2012, 1,300 deals involving a Canadian participant were announced with an aggregate value of $80.8 billion. When compared to the same timeframe in 2011, volume is down 4.5% while value is down 2.6% year over year. Canada’s share of the global M&A market by value climbed to 8.9% in 2012 from 7.3% in 2011, while the share of deal volume remained steady at 7.6% year over year.
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