SkyLaw's Chambers Guide: M&A in Canada 2025

CANADA TRENDS AND DEVELOPMENTS Contributed by: Kevin West, Andrea Hill, Priya Ratti and Meryam Kellow, SkyLaw

up Canada the way they are carving up Ukraine. In any event, Canada’s relationship with the Unit - ed States is permanently changed. On 27 March 2025, the new Canadian Prime Minister Mark Carney announced to the world that Canada’s “old relationship” with the United States is over. Canada is fighting back Former prime minister Stephen Harper says he would be prepared to accept “any level of damage” and would “impoverish the country” in order not to be annexed. This sentiment is wide - ly accepted in Canada. Canadians are fighting back – literally fighting in the case of hockey. At a game between Team Canada and Team USA. played in Montreal on 15 February 2025, shortly after Mr Trump’s initial tariff threats, the nor - mally polite Canadian fans booed the American national anthem with conviction, and within the first nine seconds of the game there were three spirited fist fights on the ice as the players acted as proxy for the angry crowd. Canada eventu - ally won the tournament in overtime against the United States, swelling Canada with pride. The fight isn’t over.

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