Canadian M&A activity has been on a rollercoaster ride in recent years, influenced by market factors, currency fluctuations, oil prices and other economic conditions. In this two-part blog post series, we highlight some interesting trends that we have identified from our recent market review.

In spite of the apparent volatility in M&A activity in Canada, our review of market activity reveals that there have been some notable trends in recent years when looking at M&A deal activity overall.

First, as demonstrated in the graphic below, when looking at overall Canadian M&A activity in the past decade, we see the following recent trends:

Since 2009, overall transaction activity has declined by an annualized rate of 9% per year. In the four quarters leading up to and including the first quarter of 2015, overall transaction activity has declined by an annualized rate of 22% per quarter. The average transaction value varies from year to year, but has been strong or trending higher in recent years.

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