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Strong commodities markets, especially mining, pulling growing volume of M&A activity to western provinces
The Western provinces are taking a bigger share of Canadian business investment as a result of the global commodities boom, a PricewaterhouseCoopers (PwC) report on mergers and acquisitions shows.
Ontario and Quebec continue to be the top investment destination, according to the report Deals Quarterly Special Feature, but the two Central Canada provinces are losing market share to the West. The report looks at merger and acquisition activity province-by-province over the last 10 years.
“There is certainly a shift, a trend,” Kristian Knibutat, PwC Canadian deals leader, said in a teleconference on the report Friday. He said the geographic shift comes as no surprise, given the “super cycle” that commodities have been experiencing over the decade.