The year 2018 witnessed ongoing volatility in global markets, fuelled by geopolitical uncertainty, rising trade tensions and slowing world economies. In Canada, emerging market sectors continued to gain steam, most notably the cannabis industry, which experienced a dramatic uptick in investment and M&A activity as the country became the first major economy to legalize recreational use. Several other notable trends came to light, including a resurgence of reverse takeovers and evolving industry standards regarding fairness opinions. On the regulatory and judicial fronts, significant developments clarified and expanded disclosure obligations, and a landmark ruling by the Supreme Court of Canada stood to mark a turning point for securities regulation in parts of the country.
It is against this backdrop that we are pleased to share with you our 2019 Capital Markets Report, in which we explore the following issues and developments of importance to capital market participants and offer our insights on what to expect in 2019 and beyond.
Download the complete report.