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Editorial: On track to supply chain leadership

April 7, 2021, 7:24am Playing second fiddle to America is, lamentably, a long-standing Canadian business tradition. But in some arenas, happily, this country is first violinist. Consider the railway game, for example. On this stage, it leads – quietly, doggedly and effectively. Canadian Pacific Railway Ltd.’s (CP) US$25 billion acquisition of Kansas City Southern (KCS) is the latest example of Canadian rail sector brass and brawn. The proposal to buy the cross-border Mexico Class 1 railway specialist follows in the tradition of strategic Canadian rail line investments and bets on cargo movement futures. CP, under the late and legendary Hunter Harrison, pursued a merger with fellow North American transportation giant Norfolk Southern Corp. The aim was to help CP diversify its business away from commodities reliance and provide it with access to the rich U.S. consumer heartland. Norfolk’s board considered but eventually rejected numerous CP merger offers. But,

Canada M&A sets record for quarter on cross-border deals, easy money

Article content TORONTO Canadian M&A activity in the first three months of the year catapulted to an all-time high as dealmaking recovered from the coronavirus fallout, and bankers point to a healthy pipeline of transactions underpinned by easy financing conditions. The novel coronavirus dragged mergers and acquisitions (M&A) down to a nine-year low in 2020 as companies switched to cash preservation mode. But the rollout of vaccines and an expected economic recovery is reviving confidence among companies to strike deals, especially in the United States. We apologize, but this video has failed to load. Try refreshing your browser, or

Global investment banks led the deal flow in Canada as first-quarter M&A activity neared five-year high

Global investment banks led the deal flow in Canada as first-quarter M&A activity neared five-year high
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