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Canada is top five destination globally to pursue acquisitions

Staff Writer |
Despite uncertainty in currency and commodity markets, Canada maintains its position as a top five destination for global investment, according to EY's latest Canadian Capital Confidence Barometer.

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According to the survey, expectations are high that the Canadian mergers and acquisitions (M&A) market will remain strong. In fact, 62% of Canadian respondents are actively pursuing deals – compared to just 48%, six months ago.

The survey notes that companies are looking to "future-proof" their businesses, and innovate when it comes to things like reducing costs and accelerating productivity.

40% of our Canadian survey respondents say they're looking to M&A as one way to 'future-proof' their business. By acquiring smaller businesses to address critical needs, they can grow their size and fill innovation gaps.

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