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Canadian Market Recap: May 30th

  • Posted By: Parsa Pouyan, Daniel Borg, and Paris Aden

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  • Comments: 0

Market Update

Two hundred and thirty-six Canadian M&A transactions closed this past week. Year to date, M&A closed deal count is 3.9% lower than the comparable period in 2017. The Canadian dollar appreciated by 0.11 cents, ending the week at 77 cents. The TSX underperformed the S&P 500 by 0.6% in U.S. dollar terms. WTI Crude oil fell by 5.6%, ending the week at $65.81 per barrel.

According to The Lead Left, Roughly one third of the CLO managers, arrangers, and investors across the stack surveyed by Thomson Reuters LPC said CLO issuance will be US$110bn this year. However, another third said US$120bn, while 10% said new issue CLOs will reach US$130bn.

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