The general sentiment for prospective deal making in Canada at the end of Q1 2023 might best be described as restrained optimism, especially in comparison to 2021 and early 2022. Despite continued headwinds from various macroeconomic factors, Q1 ended on an encouraging note with a modest upswing in total Canadian deal activity (by deal count) from the last quarter.
Source: Canada's M&A Landscape Q1 2023: Keep Calm and Carry On