In the fourth quarter of 2015, global M&A activity slowed to its lowest levels recorded since KPMG began publishing this newsletter in 2012.
The new lows touched both deal value and deal volume. Eleven major deals were announced worldwide, eight of which exceeded $100 million. Total global deal value amounted to $3.2 billion, 70.5 percent below the previous quarter. Canadian activity mirrored the global deceleration. China’s economic uncertainty and the worldwide commodities rout are weighing heavily on the mining industry. Copper, gold and the S&P/TSX Global Mining Index ended the quarter in negative territory while the S&P/TSX Global Gold index bucked the trend, ticking up 7.9 percent.