The Globe and Mail reports in its Monday edition that Canadian companies are increasingly discerning between friendly and predatory investment as a weaker dollar and lower rates make domestic companies more attractive to foreign buyers, according to Bank of America's head of Canadian investment banking. The Globe's Stefanie Marotta writes that Canadian dollar has weakened against its U.S. counterpart in recent years, and interest rates are relatively low compared with global peers, spurring interest in takeovers of domestic companies. Last year, Canada was the third-largest target for cross-border merger and acquisition activity, behind the United States and Britain, according to Deep Khosla, head of Canadian investment banking at Bank of America. The bank's large defensive advisory business on Bay Street is helping clients "to be ready if there's an activist or anybody trying to make an opportunistic bid for a company," Mr. Khosla told The Globe. "That's something that we've been spending a lot of time on and taking that defensive posture and making sure that's covered so our clients can go on offence and start to be more of the acquirers." Mr. Khosla added that shareholder activism has started edging higher in Canada.