Canada's Q2 2026 M&A Landscape

Canada's M&A market has sustained momentum through the first half of 2026, despite a complex global environment characterized by trade tensions, inflationary pressures and evolving geopolitical considerations.

Investors remain cautious amid market volatility, though overall business sentiment remains positive. The confluence of these trends has tempered overall deal volume somewhat and concentrated activity into high-value transactions. Dealmakers are adjusting to uncertainty, with large asset managers and pension funds realigning portfolios and refining stress-test scenarios accordingly. Private equity continues to drive major public acquisitions, particularly in energy and infrastructure markets, while government policies in key sectors provide encouraging signals. As such, dealmaking may accelerate in the second half of this year as investors navigate challenges and seize sector opportunities to unlock deal synergies.