Canadian deal volume and value in 1H 2024 declined compared to 1H 2023. Expected rate cuts are incentivizing sellers to delay their transaction timelines—many awaiting for higher valuations as rates decrease.
Despite the decrease in transactions from the previous half year, Canadian M&A has shown to be resilient. With further rate cuts expected in the balance of year and an abundance of capital in the market, we believe the Canadian M&A space will be active for the remainder of 2024. However, the higher tax rate on capital gains, which took effect on June 25th, 2024, may cause hesitation among some sellers. Learn more in our report.
