Fasken 2023 M&A Forecast

As we prepare for 2023, what can we expect in Canadian M&A in the year ahead?

The confluence of variables is somewhat staggering. The nature and number of forces impacting national and global markets is unlike any in recent memory, and forecasters have become increasing less optimistic regarding the chances of a soft landing. Inflation remains at record levels, with inflationary pressures having shifted from government stimulus and supply chain issues to higher energy costs and wage growth, among others. The corresponding increase in short term interest rates continues to march forward, and businesses and consumers alike scramble to adjust. Other uncertainties loom in the form of geopolitical tension, armed conflict, sanctions, and international trade and investment issues. Regulators also continue to flex their review and enforcement powers, including in areas such as securities and competition.