Partner and co-head of the firm’s M&A practice John Emanoilidis comments in The Globe and Mail’s coverage of Canadian merger and acquisition activity in the first quarter of 2026.
The Globe ranked top law firms for Canadian M&A advisory in Q1 and Torys was second by total deal value, having acted on US$8.8 billion worth of transactions.
Overall M&A activity declined in Canada in the first three months of 2026, according to LSEG data. John told the Globe this “reflects more caution right now than a retreat” as geopolitical events Impact the market.
Asked for Torys’ outlook on what’s to come for the Canadian M&A market in the months ahead, John said “we are optimistic... last year, despite the macroeconomic turbulence that we saw with tariffs, we saw a very significant rebound in the second half of the year, so we are optimistic that 2026 is still going to produce a strong year of deal-making”.
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