In this article, Canadian M&A co-head Troy Ungerman outlines why volatility is creating as much opportunity as risk in Canadian dealmaking. He highlights sustained activity in the midmarket, robust inbound investment into sectors such as defence, AI, critical minerals, and energy transition, and the growing use of creative structures like earnouts to keep deals moving despite financing challenges. Ungerman also examines Canada’s evolving competition and foreign investment regimes and emphasizes the importance of disciplined preparation, early regulatory and financing engagement, and flexible structuring to secure deal certainty in a more demanding environment.
