Canada's Middle Market M&A Update and Industry Reports
Canada's Middle Market M&A Update – Q1 2025
The Bank of Canada (BoC) implemented two interest rate cuts of 25 basis points (bps) each in Q1 2025, reducing the overnight rate from 3.25% to 2.75%. The interest rate cuts occurred in January and March 2025 in response to easing inflation and slower-than-expected economic growth.
Despite a more favourable interest rate environment, M&A activity noticeably declined in Q1 2025. This downturn was primarily attributable to uncertainty surrounding the United States’ (U.S.) tariffs, trade policy shifts, and heightened regulatory scrutiny. This uncertainty has made buyers and sellers more cautious, which may delay deals in the short term.
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Brett Franklin CPA, CA
President, MNP Corporate Finance
Brett Franklin, CPA, CA, is President, MNP Corporate Finance Inc. Based in Winnipeg, Brett develops and implements creative business strategies for clients in all industry sectors and in all stages of the business life cycle.
Brett’s primary role is facilitating the sale of companies, but he also provides support with business acquisitions, corporate restructuring and transactional due diligence.
With a diverse background in financial services, including banking, private equity, hedge funds and structured investment products, Brett has the knowledge and ability to resolve challenging financial issues and develop practical solutions to even the most difficult problems. He is adept at guiding clients at any level of the organization, helping them understand complex situations and providing professional business strategy advice.
Prior to joining MNP, Brett was Director of Hedge Fund Administration at UBS AG in the Cayman Islands. He holds the Chartered Professional Accountant (CPA) designation, qualifying as a Chartered Accountant (CA) in 2001, and a Master of Accountancy degree from the University of Manitoba. In his free time, Brett coaches minor hockey and baseball.