📈 Canada Deal Flow News – 2025-11-03

Strategics pay up for scale, clarity, and “must-have” assets—founders, sharpen your comps.

🇨🇦 National Deal Watch

Coeur Mining is acquiring New Gold, creating a $3B EBITDA North American mining giant. Seven mines, big cash flow, and a reminder: consolidation is alive—if you’re sub-scale, expect more roll-up interest. Read more

MDA Space’s $10M at $0.223/share in Maritime Launch is a textbook anchor investment—if you’re in capex-heavy verticals, this is your comp for early-stage strategic-led rounds. Read more

BMO wrapped its buy of Burgundy Asset Management—no price, but the play is clear: banks are still rolling up niche wealth managers with sticky AUM and brand. Read more

🍁 Ontario & Québec Investments

Electric Mind scored $100M from Motive Partners—no valuation disclosed, but late-stage AI cheques are still landing for firms with sticky enterprise clients. If you’re showing margin and retention, capital is there, but diligence will be sharp. Read more

Québec’s municipal elections shuffled the political deck, but no direct deal signals yet. If you’re in regulated sectors, keep an eye on procurement and policy pivots. Read more

Glencore is shuttering Quebec’s Horne smelter, citing massive environmental upgrade costs. Not a deal, but a wake-up call: regulatory overhangs and capex needs can force exits or crush multiples. If you’re holding legacy assets, prep your data room—buyers will price in remediation. Read more

Angel investment rebounded 27% in 2024 across 38 Canadian groups, per NACO—founders, more cheques are in play, but no word yet on average size or sector heat. Don’t assume rising tide means higher pre-money; dig for specifics before setting your ask. Read more

Descartes Systems (Waterloo) will report Q3 results Dec 3—watch for margin and recurring revenue trends. Public SaaS comps like this set the tone for private multiples, especially in logistics and B2B software. Read more

🌲 Western Canada Watch

Global Helium Corp. exited public markets via sale to 2679158 Alberta Ltd.—terms undisclosed, but the move is a live reminder: privatizations and strategic exits are still in play for resource juniors tired of public market drag. Read more

Stampede Drilling sold rig components for $5.29M—just an asset sale, but it’s a live datapoint for anyone looking to monetize heavy equipment or boost liquidity ahead of a bigger move. Read more

🌊 Surf, Turf and Arctic

Bookmark, a Charlottetown retailer, just doubled down on demand—moving to a new downtown spot with 50% more space. No lease terms, but physical expansion is a classic bet on future cash flow. Track sales per square foot to see if the multiple follows. Read more

Yukon’s “Stories” event drew a crowd but no deal data—grassroots momentum is a

🌐 Cross-Border Connections

Romania and Rheinmetall’s gunpowder plant deal (Europe) is a reminder: industrial partnerships often precede capital raises or M&A in the supply chain. Canadian founders in advanced manufacturing, take note—alliances can reset valuation bars. Read more

VVT Med landed its first U.S. hospital order from Northwell Health for its ScleroSafe™ tech. Not a financing, but a U.S. reference customer is rocket fuel for medtech valuations—expect capital to follow. Read more

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Strategics are still paying premiums for clarity, scale, and “must-have” assets. If you’re prepping for a raise or exit, use these comps to sharpen your story—before buyers write it for you.