Canadian Market Recap: April 30th

  • Posted By: Parsa Pouyan, Christopher Megraw, Andrew Schmidt, Miranda Li, and Paris Aden

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Market Update

Two hundred and sixty-five Canadian M&A transactions closed this past month. Year to date, M&A closed deal count is 10.1% lower than the comparable period in 2017. The Canadian dollar depreciated by 1.06 cents, ending the month at 78 cents. The TSX outperformed the S&P 500 by 1.0% in U.S. dollar terms. WTI Crude oil rose by 4.1%, ending the month at $68.43 per barrel.

According to The Lead Left, most banks reported their lending standards remained unchanged in the Federal Reserve Senior Loan Officer Opinion Survey. Nearly one fifth of banks reported weaker loan demand, while 13% reported easing and only one reported tightening on terms to large firms.

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