Canada - M&A Statistics
M&A Information about Canada. In this section, we provide you some information about M&A with regards to national transactions within Canada and cross-border M&A from and to Canada. The IMAA Insitute offers full individual and corporate members additional prepared research covering a broad range of topics.
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We provides you with selected, regularly updated M&A statistics
In this section of the M&A statistics, we collect and regularly update information on national deals as well as cross-border transactions from (outbound) and into (inbound) Canada. As a free user or paying member of our Institute, you have full access and can also download this M&A data (please see our Membership section to sign in or to register).
Announced M&A in Canada by Numbers & Value by Years
Since 1985, more than 63’413 mergers & acquisitions transactions have been announced with a known value of almost 3’689.7 bil. USD. In 2017, a new record has been broken in terms of transaction numbers with 3,512 transactions. 2007 was the all time high in terms of value with 366.2 bil. USD.
Announced Monthly M&A in Canada
In December 2017, 271 transactions with a value of 13.07 bil. USD have been announced. Compared with December last year, this represents an increase of almost +20% in terms of numbers. The month with the highest number of deals was May 2007 with 398 deals and the month with the highest value was June 2007 with a value of 73.26 bil. EUR.
The month with the highest frequency of deals is June with 5’156 deals which represents 9% of all M&A. February is the month with the lowest frequency with 4354 transactions which are 7.6% of the deals.
The month with the highest value of deals is June with 397.1 bil. USD of deals which represents 12.1% of all M&A transactions. And April is the month with the lowest value with transactions worth 200.7 bil. USD which are 6.1% of all deals.
Announced Quarterly M&A in Canada
Announced M&A in Canada by Industries (2000-2018)
The industry with the largest number of transactions has been Materials– representing 31% with a total number of over 13’700 transactions. The second most active acquirers are companies from Energy and Power with 6543 deals accounting for 14.7% of transactions. High Technology companies are the third most frequent industry in terms of consolidation with 12.1% of all deals.
The industry with the largest M&A activity in terms of transaction value has been the energy and power sector – representing 26.3% of all deals with a total value of 740 bil. USD. Second most important industry by value is the materials sector with 680 bil. USD worth of transactions. The financial industry reached the third rank with 238 bil. USD of deals.
Biggest Deals Canada
| Rank | Date | Acquiror | Nation | Target | Nation | Value (in bil. USD) | Value (in bil. EUR) | Value (in bil.GBP) | Status |
| 1 | 01.26.2000 | Spin-off | Canada | Nortel Networks Corp | Canada | 59.97 | 65.51 | 38.63 | Completed |
| 2 | 06.20.2000 | Vivendi SA | France | Seagram Co Ltd | Canada | 40.43 | 42.23 | 26.75 | Completed |
| 3 | 07.12.2007 | Rio Tinto Canada Holdings Inc | Canada | Alcan Inc | Canada | 37.63 | 27.37 | 18.56 | Completed |
| 4 | 09.06.2016 | Enbridge Inc | Canada | Spectra Energy Corp | United States | 28.29 | 25.13 | 21.07 | Completed |
| 5 | 12.03.2014 | Enbridge Income Fund | Canada | Enbridge Inc-Liquids | Canada | 24.79 | 21.82 | 15.61 | Completed |
| 6 | 05.11.2008 | Spin-off | Canada | Cenovus Energy Inc | Canada | 20.26 | 13.79 | 12.39 | Completed |
| 7 | 07.23.2012 | CNOOC Canada Holding Ltd | Canada | Nexen Inc | Canada | 19.12 | 15.78 | 12.34 | Completed |
| 8 | 05.15.2006 | Xstrata PLC | Switzerland | Falconbridge Ltd | Canada | 17.40 | 13.53 | 9.21 | Completed |
| 9 | 08.11.2006 | Cia Vale do Rio Doce SA | Brazil | Inco Ltd | Canada | 17.15 | 13.48 | 9.07 | Completed |
| 10 | 03.23.2009 | Suncor Energy Inc | Canada | Petro-Canada | Canada | 15.58 | 11.47 | 10.78 | Completed |
| 11 | 07.29.2008 | Teck Cominco Ltd | Canada | Fording Canadian Coal Trust | Canada | 13.60 | 8.64 | 6.82 | Completed |
| 12 | 08.24.2014 | Burger King Worldwide Inc | United States | Tim Hortons Inc | Canada | 13.40 | 10.17 | 8.10 | Completed |
| 13 | 03.29.2017 | Cenovus Energy Inc | Canada | FCCL Partnership | Canada | 13.24 | 12.24 | 10.63 | Pending |
| 13 | 08.30.2016 | Potash Corp of Saskatchewan | Canada | Agrium Inc | Canada | 13.09 | 11.65 | 9.87 | Pending |
| 14 | 03.17.2016 | TransCanada Corp | Canada | Columbia Pipeline Group Inc | United States | 13.00 | 11.63 | 9.10 | Completed |
| 15 | 06.09.2015 | CPPIB Credit Investments Inc | Canada | GE Antares Capital | United States | 12.00 | 11.00 | 7.82 | Completed |
| 16 | 07.15.2013 | Loblaw Cos Ltd | Canada | Shoppers Drug Mart Corp | Canada | 11.87 | 9.09 | 7.86 | Completed |
| 17 | 09.28.2003 | Manulife Financial Corp | Canada | John Hancock Finl Svcs Inc | United States | 11.06 | 9.67 | 6.70 | Completed |
| 18 | 09.04.2015 | Emera Inc | Canada | TECO Energy Inc | United States | 10.38 | 9.54 | 6.65 | Completed |
| 19 | 10.31.2005 | Barrick Gold Corp | Canada | Placer Dome Inc | Canada | 10.21 | 8.62 | 5.85 | Completed |
| 20 | 06.15.1998 | Northern Telecom Ltd | Canada | Bay Networks Inc | United States | 9.27 | 8.50 | 5.67 | Completed |
| 21 | 09.10.2015 | Bank of Montreal,Ontario,CA | Canada | Gen Elec Capital Corp-Transp | United States | 8.90 | 7.89 | 5.76 | Completed |
| 22 | 08.31.2006 | Goldcorp Inc | Canada | Glamis Gold Ltd | United States | 8.67 | 6.77 | 4.55 | Completed |
| 23 | 10.02.2007 | Toronto-Dominion Bank | Canada | Commerce Bancorp,New Jersey | United States | 8.64 | 6.10 | 4.23 | Completed |
| 24 | 03.09.2017 | Canadian Natural Resources Ltd | Canada | Athabasca Oil Sands | Canada | 8.31 | 7.88 | 6.83 | Pending |
| 24 | 12.15.2014 | Repsol SA | Spain | Talisman Energy Inc | Canada | 8.29 | 6.62 | 5.26 | Completed |
Announced M&A from Canada to Abroad (Outbound)
In 2018, Canadian companies have announced almost 807 acquisitions worth 102.53 bil. USD. Compared with the year before the numbers have increased by 4.3% and their value has decreased by -21.5%.
Canada Acquisitions Abroad by Target Nation (2000-2018)
Below you will find a map of the number and value of transactions by Canadian companies abroad. Canadian companies acquire most companies in the United States, Mexico, the United Kingdom, Australia and Peru.
Map of acquisitions abroad by Numbers
Canada M&A Abroad by Value (in bil. USD)
M&A by Foreign Acquirers into Canada (Inbound)
In 2017, 1,715 deals by foreign companies into Canada have been announced. Compared with the year before the numbers have increased by 130.2% and their value has increased by 33.5%.
Acquisitions by Foreign Companies into Canada by Acquirer Nation (2000-2018)
Below you will find maps of the numbers and value of transactions from foreign companies in Canada. Most frequent acquirers into Canada come from th United States, the United Kingdom, Australia, France and China and Hong Kong.
Map of Foreign M&A into Canada by Numbers
Map of Foreign M&A into Canada by Value (in bil. USD)
Announced M&A from Canada into the US
Announced M&A from the US into Canada
Announced M&A from Canada into Germany
Announced M&A from Germany into Canada
Announced M&A from Canada into China and Hong Kong
Announced M&A from China and Hong Kong into Canada
Unless otherwise stated source for all statistics is: Thomson Financial, Institute for Mergers, Acquisitions and Alliances (IMAA) analysis.
