“M&A work in Canada is still non-existent,” says Judson Whiteside, managing partner of Canadian national firm Miller Thomson. With the corporate, M&A and capital markets sector in turmoil throughout the US, the knock-on effect on the Canadian market is high.
Canadian firms based in Toronto, the country’s biggest financial centre, are feeling the pinch in their corporate practices.The news last month that five Canadian firms have been given the boot by the Standard & Poor’s index of 500 leading shares in the US highlights the situation in stark detail, and for the eternal optimists in the Canadian market the news shows that a pick-up is not scheduled for the short term.
