Improving economic outlook underpins strong deal activity: Crosbie & Co.
Corporate spending expectations up significantly from previous forecast
Deal volume down, but surge in "mega deals" drives value
Both investment grade and speculative companies saw debts decline: S&P
Share of companies facing transition risks increasing
Funds shifting asset allocations away from offices, toward private credit
Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities
High valuations, uncertainties loom in second half
Deal volume up, value soared driven by more "mega" deals
North American corporate credit quality declines led by high yields