Canada Deal News - Oct 22, 2025
Strategics are still paying up for scale, data, and infrastructure—if you’ve got growth or margin muscle, buyers are circling.
🇨🇦 National Deal Watch
$1B for GTreasury: Ripple’s Corporate Treasury Grab
Ripple’s $1B buyout of GTreasury sets a fresh SaaS treasury comp—strategics are shelling out for platforms that bolt onto their stack and accelerate vertical expansion. B2B fintechs with sticky, mission-critical software: this is your benchmark.
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Teck’s Profits Up, Anglo Merger Advances—Mining Multiples Rising
Teck’s profit beat (thanks to copper and zinc) and its Anglo American merger are pushing Canadian mining valuations higher. Commodity tailwinds and scale are setting new bars for resource company multiples.
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🍁 Ontario & Québec Investments=
Wildfire costs are forcing calls for multibillion-dollar, capital-intensive investment in surveillance and suppression. Environmental and resource operators: expect a wave of RFPs, rising compliance costs, and potential M&A as smaller players seek scale.
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Toronto’s World Series run is a windfall for hospitality, but buyers will discount one-off spikes—use event-driven surges to lock in new customers and renegotiate terms, not as your base case.
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Marché Marie’s St. Lawrence Market debut signals landlord confidence and potential for premium rents. Specialty food and retail: expansions into marquee locations can set new comps for future deals.
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Bottom line: Sector shocks and event spikes can swing cash flow and valuations—be ready to tell your story before the market does it for you.
🌲 Western Canada Watch
Victoria’s downtown towers break ground—despite high rates, institutional and public-private capital still back large-scale urban projects. Owners of infill sites: track lease-up and absorption rates to price your next move.
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Vancouver axes its $10K EV charger penalty, whipsawing asset values for property owners. Regulatory risk is real—build flexibility into your capex and don’t bank on today’s incentives sticking.
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B.C. moves to power mines and LNG, restricts AI data centres—policy shifts can make or break your next raise. Energy-intensive operators: track regulatory changes closely.
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Takeaway: Global M&A, local development, and policy pivots are moving the goalposts—benchmark your margin resilience and asset positioning now.
🌊 Surf, Turf and Arctic
EQT’s $250B U.S. expansion will ripple north—expect rising multiples for infrastructure, energy, and real assets as global PE dry powder hunts for scale. If you’re prepping for a sale, get your house in order before the capital wave hits.
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YESAB’s green light for Gladiator Metals is a regulatory win, but no pricing yet—mining and exploration owners should watch for future capital raises as projects clear hurdles.
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PEI and NL real estate stay hot, while NS cools—if you’re holding assets, timing your exit or recap is everything.
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🌐 Cross-Border Connections
Coinbase’s $375M Echo buy sets a new fintech exit benchmark—scaled, tech-driven platforms with sticky user flows are still fetching strong multiples, even as sentiment wobbles.
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US-Canada trade deal nears: steel quotas for tariff relief. For manufacturers and energy operators, this structural shift will cap upside but could unlock margin and investment—watch the fine print for cross-border deal impact.
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Brookfield opens private equity to individuals, signaling new capital flows and buyer types. More competition for deals and firmer multiples could be on the horizon for owners eyeing liquidity.
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Reminder: Strategic buyers are still paying up for scale, data, and infrastructure—especially with growth and margin resilience. Earn-outs are the new normal to bridge gaps. Benchmark early, prep your narrative, and move before the next wave resets the bar.