TORONTO—Canadian mergers and acquisitions (M&A) fell to a nine-year low in 2020 as the pandemic put brakes on companies’ growth strategies, but bankers expect the pickup in deal-making in the fourth quarter to revive activity this year.
The arrival of multiple COVID-19 vaccines in 2021 are expected to improve public confidence in an economic recovery and revive deal-making, say bankers. Market stability and continued access to capital that led to a resurgence in transactions in the second half of the year is expected to continue.
