With most analysts predicting the economy will continue on an upswing, many business professionals are getting ready for some deal making ventures. A recent survey of executives in Canada say they are primed for embarking on some mergers and acquisitions this year and moving into 2020. In fact, more than 75% of those surveyed say they see these mergers and acquisitions coming within 12 months.
With expected increases in earnings, increased availability of credit and a promising stock market outlook, entrepreneurs are expecting corporate business growth. Talent and technology are also leading the way for additional mergers and acquisitions this year. Most Canadian companies are expecting to see a 10% growth in revenue moving into the next year.
Executives are treating the good news with a dose of healthy uncertainty as to what the economy will actually do. They're moving ahead optimistically, but keeping possible setbacks in mind. Discipline and caution seem to be the business catchwords of the day as company executives keep an eye on local, national and global economies.
The economy drives many decisions in the corporate world in Canada, including mergers and acquisitions. Having a lawyer weigh in on what's happening in the corporate realm before making any final decisions on deals, is a wise move. A lawyer understands the complexities of contracts and other issues in business that are governed by provincial and federal laws. He or she may be able to advise clients accordingly, especially on aspects which may be confusing or hard to understand which is often the case in the world of corporate dealmaking.