The business world is looking pretty rosy for the new year and that has dealmakers smiling. Predictions about the mergers and acquisitions realm in Canada are in and there is nothing but optimism for 2019. With a domestic economy that's relatively stable, still low interest rates and a dollar that seems to be rallying, those who took part in a recent survey indicate there is reason for the bright outlook.
Not even a looming federal election in October has dampened the spirits of potential dealmakers. They are expected to see an increase in mergers and acquisitions transactions with foreign companies. This is something that is a boon for diversification. In addition, 40 per cent of those who responded to the survey expect to see more deals happening on Canadian soil as well.
The energy sector is expected to light up the dealmaking floor in 2019. The mining sector will be a close second, if all goes as analysts expect. Mergers and acquisitions deals have become easier to navigate thanks to modern technology and it's clear those in the business world are taking advantage of the modern aspects of inking deals.
Legal preparation is necessary even in the early stages of exploring mergers and acquisitions in Canada and abroad. This area of business often entails detailed transactions that need both legal due diligence and solid business planning. An experienced lawyer can help to guide his or her client through the various complex areas that govern mergers and acquisitions law and offer prudent advice before any deals close.