Three blockbuster deals this week point to a strong year ahead for Canadian mergers and acquisitions, driven by deals in energy and metals, according to Bill Quinn, head of M&A at Canada's No. 2 lender, Toronto Dominion Bank (TD.TO). The deals, two in mining and one in retail, had a combined value of some C$15 billion and reflected renewed confidence in the global economic recovery as well as Canada's place in it. "In terms of Canadian targets last year, we did have a number over a billion dollars, but to have three in the first couple of weeks of 2011 bodes well for a resurgence of larger transactions in the M&A market," Quinn told Reuters.
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