Law Times quotes Toronto lawyer Stephen Kerr in an article on protectionism and commercial trade transactions.
“Regardless of who is president, there are other factors that determine whether it is a favourable climate for commercial transactions,” says Stephen Kerr, senior partner in the Financial Institutions and Mergers & Acquisitions groups at Fasken Martineau LLP in Toronto.
“What drives M&A in Canada are two things, commodity prices and foreign exchange,” says Kerr. “Recoveries in the resource sector and more pipeline projects could create a lot of activity in terms of transactions,” he suggests.
“The uncertainty over the behaviour of Trump and his protectionist rhetoric is something that may actually benefit Canadian companies,” says Kerr.