As the Globe and Mail reports, Thomson Reuters has recently released
figures for Canadian mergers and acquisitions in the third quarter
of 2017.
The figures show that while the volume of deals involving
Canadian companies in the third quarter was higher than a year ago,
the total value of those deals declined. 672 mergers or
acquisitions were announced in the third quarter in 2017, while 605
mergers or acquisitions were announced in the third quarter a year
ago. This 11% increase in the total number of deals is tempered by
the fact that the value of deals fell from $105.3 billion (U.S.) in
2016 to $37.8 billion in 2017.
The decline in deal value can, in part, be explained by the
disproportionate effect of the $43.1 billion takeover of Spectra
Energy Corp by Enbridge Inc. in the third quarter of 2016. The
Globe further explains that while on the one hand a surging loonie
translates into more currency in the pockets of buyers, the
increase in purchasing power may be
