📈 Canada Deal Flow News – 2025-11-13

Valuations are flexing on margin, scale, and government tailwinds—operators who move now set the next comp.

🇨🇦 National Deal Watch

Budget 2025’s $1 trillion investment ambition is a shot of adrenaline for Canadian founders—Ottawa wants to double non-U.S. exports, mobilize public/private capital, and reward “Buy Canadian” stories. If your business aligns with these priorities, now’s the time to prep your pitch and watch for sector-specific programs as details emerge.
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Bottom line:
Valuation is about tomorrow’s capital and story, not just last year’s numbers. Are you positioned for the next wave, or letting the market set your narrative?

🍁 Ontario & Québec Investments

Dynacor Group’s record Q3 sales and EBITDA is a direct comp for margin-driven founders—buyers are paying for profit durability, not just revenue hype.
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PharmaCorp Rx (TSXV: PCRX) is listing 27.4M more warrants—future dilution risk, but also a signal they’re prepping for capital raises or liquidity events. Capital structure moves can shift your negotiating leverage.
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Federal government’s $300K into Quinco & Cie Inc. for digital printing upgrades is a classic capex move—today’s operational boost can drive tomorrow’s higher multiples.
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ESGold’s AI-powered 3D model hints at district-scale gold/silver in Québec—no deal yet, but technical milestones like this often trigger new raises or JV talks.
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Takeaway:
Operational results, capital structure tweaks, and technical wins all set the stage for valuation resets. Are you steering your own story, or letting the market write it for you?

🌲 Western Canada Watch

InPlay Oil’s Alberta asset buy is all about margin and scale—no disclosed price, but operational gains post-acquisition are what buyers want to see. Next quarterly numbers will reveal if integration is moving the valuation needle. Read more

AtkinsRéalis’ profit/revenue gains may firm up engineering multiples across the West—if you’re in project-based services, watch if this is a sector-wide lift or just a big-firm blip. Read more

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🌊 Surf, Turf and Arctic

Brookfield Corp.’s Q3 profit jump means more dry powder for acquisitions or fund launches—watch for institutional buyers to get aggressive if earnings momentum holds.
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Canadian manufacturer acquires Colwell Color Ltd. and shifts U.S. operations to Winnipeg—government incentives and consolidation are shaping where manufacturing capacity lands. Read more and more.

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🌐 Cross-Border Connections

Zayo’s new 400G PoP in Monterrey links Mexico to its North American backbone—no price tag, but cross-border bandwidth is the new gold. Scale and reach are driving up platform multiples. Read more

Tactical’s up-to-$140M raise for a Texas rare earths project—contingent on a merger—sets a new bar for specialty mining and advanced materials. Canadian founders eyeing capital-intensive projects: investors want milestones and risk-sharing baked in before cash hits.
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U.S. pipeline giants are eyeing more Canadian oil flows to Gulf Coast refineries. Cross-border energy logistics are heating up.
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Vistara Growth closes $321M USD fund—late-stage and growth capital is still in play, but expect sharper competition and bigger cheques for proven operators.
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