The Globe and Mail reports in its Thursday edition that tariff threats did not spoil corporate Canada's appetite for deal making and fundraising over the past three months. The Globe's Jameson Berkow writes that stock sales and merger and acquisition activity both soared in the second quarter. Borrowing activity appeared to be the sole casualty of the continental trade war, with corporate debt issuance from early April to late June totalling $22.6-billion, fully one-third below the same period in 2024. The latest total remains 25.8 per cent below the most recent 10-year average for Q2 stock sales -- $9.24-billion. Deals involving Canadian companies totalled nearly $82-billion (U.S.) from early April to late June, up more than 84 per cent from the same period in 2024. Several multibillion-dollar acquisitions proposed during the quarter contributed to that result, including Ottawa Senators owner Michael Andlauer selling his eponymous medical logistics business Andlauer Healthcare to United Parcel for $2.2-billion, Canadian fuel retailer Parkland selling itself to Sunoco LP for $7.7-billion, an insider offering $2-billion for InterRent REIT and Strathcona Resources bidding $5.9-billion for oil sands giant MEG Energy.
© 2025 Canjex Publishing Ltd. All rights reserved.