Canada_becomes_the_destination_of_choice (1)

Canada_becomes_the_destination_of_choice (1) - AFM371/372...

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AFM371/372 Discussion material March 15, 2011 11 March 2011 Economics Week © Copyright 2011 Economics Week via "Canadian M&A activity has made an incredible rebound with companies reaping the rewards of reinvigorated balance sheets and flushed with cash from high commodity prices - particularly gold and copper," said Tom Whelan, Leader of Ernst & Young's national Mining practice. "In 2010, a third of all global gold deals took place in Canada, with over half of all deals conducted by Canadian companies. The largest of these was Kinross Gold's acquisition of Red Back Mining, valued at US$7.4 billion." Ernst & Young's annual mining and metals transactions report, Ungeared for growth, finds that Canada emerged from 2010 as the preferred destination for transaction activity in the sector globally, ahead of the US, Australia and Brazil. Canada was also the most active acquirer last year, ahead of both Australia and China, and up from fourth place in 2009.
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This note was uploaded on 02/28/2012 for the course ECON 101 taught by Professor G during the Summer '11 term at Ryerson.

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Canada_becomes_the_destination_of_choice (1) - AFM371/372...

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