As per MRFR analysis, the Canada Investment Banking Market Size was estimated at 7.64 (USD Billion) in 2023. The Canada Investment Banking Market Industry is expected to grow from 8.32 (USD Billion) in 2024 to 20.11 (USD Billion) by 2035. The Canada Investment Banking Market CAGR (growth rate) is expected to be around 8.354% during the forecast period (2025 - 2035).
The Canada Investment Banking Market has been subject to attention due to various investment trends. One of the primary contributors to market growth is increased financial advisory service offerings, especially in mergers and acquisitions. Domestic and international growth opportunities were sought out by Canadian companies. Changes in policies and business tax reforms tend to have a redshift business strategy which augments demand for advisory services. Moreover, there is an increase in sustainable finance as a form of investment, especially with a focus on Environmental, Social, and Governance (ESG) criteria. This is indicative of the growing world responsible investing movement.
Some of the untapped possibilities in the Canada Investment Banking Market, include exploiting advanced technological solutions like artificial intelligence. Enhancements in digital tools and platforms are automating work and improving customer service which investment banks are actively exploiting. Enabled Canadian banks can easily transact with international counterparties making it easier to penetrate Canada’s global market. There is also rising interest in the growing renewable energy which has great prospects, as Canada seeks to decrease carbon emission. More recently, increased competition amongst Canadian smaller boutique firms has been noted as they try to carve out a market niche.
This competition forces bigger companies to develop new strategies for marketing and servicing delivery. Also notable is the growing penchant among Canadian investors for portfolio diversification towards more stable and high-growth emerging markets like fintech, healthcare, and real estate, which respond to volatility in the market. These observations point to Investment Banking in Canada being very active with many factors at play, both locally and internationally, which requires one to be proactive and strategic in dealing with the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growth of Mergers and Acquisitions (M&A) activity is a significant driver for the Canada Investment Banking Market Industry, with an increasing number of transactions reported in recent years. According to the Canadian M&A Market report provided by the Canadian government, total M&A activity in Canada has seen a rise of over 25% in the past five years, indicating a strong trend toward consolidation within various sectors. The activities of prominent Canadian investment banks like RBC Capital Markets and TD Securities, which have reported a substantial increase in advisory fees due to this M&A trend, further underline the increasing demand for investment banking services.
Furthermore, the financial stability and attractive business environment fostered by government incentives and low-interest rates have encouraged companies to pursue strategic acquisitions, providing a notable boost to the overall investment banking landscape in Canada.
The number of Initial Public Offerings (IPOs) has surged in Canada, contributing significantly to the growth of the Canada Investment Banking Market Industry. In 2022 alone, it was reported that there were more than 50 IPOs, a marked increase from the prior years, highlighting the recovery and confidence in the market post-pandemic. Leading organizations such as Canaccord Genuity have played a vital role in facilitating these transactions, showcasing strong market performance and attracting heightened interest from investors. As Canadian firms leverage the favorable market conditions and investor appetite for growth opportunities, this trend is expected to continue driving demand for investment banking services.
Technological advancements in financial services, particularly in fintech, are reshaping the Canada Investment Banking Market Industry. With a strong push for digitization across sectors, investment banks are increasingly adopting innovative technologies such as artificial intelligence and blockchain to enhance operations and customer experiences. According to a report from Fintech Canada, 70% of financial institutions in Canada have integrated some form of technology to streamline their investment banking processes. This trend is significantly supported by organizations like Deloitte and PwC, which are providing consulting services to help traditional banks adapt to these technologies, thus driving market growth.
The Canada Investment Banking Market is distinguished by several key types that shape its dynamics and operations. Mergers and Acquisitions Advisory has emerged as a focal point, driven by a robust landscape of corporate restructuring and consolidation, where firms actively seek strategic partnerships to enhance competitive advantage. This segment often benefits from economic growth and a vibrant corporate sector, highlighting its significance in facilitating transactions that can reshape industries. Financial Sponsor/Syndicated Loans represent another crucial type within the market, providing essential financing solutions, particularly in leveraged buyouts and sizable projects. This area has seen a growing interest due to the increasing participation of private equity firms that leverage debt to amplify their investment returns, showcasing a trend toward strategic capital deployment.
Equity Capital Markets Underwriting plays a vital role as companies look to access public equity to fund growth initiatives, capitalize on favorable market conditions, and strengthen their balance sheets. The Canadian market has witnessed a surge in initial public offerings, reflecting the heightened demand for equity financing and the importance of underwriting services in navigating the complexities of market entry. Meanwhile, Debt Capital Markets Underwriting is equally significant, with corporations and governments actively issuing bonds to raise funds for critical projects, refinances, and other capital expenditures. This area remains particularly important in times of economic uncertainty as issuers seek to diversify their funding sources and manage risks associated with fluctuating interest rates.
Overall, the segmentation of the Canada Investment Banking Market into these key types reveals a comprehensive framework that supports a wide array of financing solutions and advisory services tailored to meet the needs of businesses and investors. As the market continues to evolve, the interplay among these segments will likely drive market growth, reflecting broader economic trends, regulatory shifts, and investor sentiment, ultimately positioning Canada as a compelling destination for investment banking activities in North America. The continued development within these segments is expected to foster innovation and attract varied market participants, making the Canada Investment Banking Market increasingly dynamic and competitive.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The End User segment of the Canada Investment Banking Market plays a crucial role in shaping the overall dynamics of the industry. Within this segment, both Individuals and Corporate Institutions contribute significantly to the market's growth and development. Individuals often seek investment banking services for personal financial planning, wealth management, and investment opportunities, which drives demand for advisory services. Conversely, Corporate Institutions utilize investment banking to engage in mergers and acquisitions, capital raising, and financial restructuring, making them a dominant force in the market.
The increasing trend of startups and small to medium enterprises in Canada seeking financial backing underscores the importance of tailored investment banking solutions. Additionally, the growing awareness among individuals regarding wealth management products and services highlights a significant opportunity for investment banking firms to cater to this emerging consumer needs. As Canada continues to evolve economically, both Individuals and Corporate Institutions are expected to embrace investment banking services to navigate complex financial landscapes efficiently.
The evolving regulatory environment and technological advancements present further growth avenues for the Canada Investment Banking Market, making the End User segment a focal point for continued development.
The Canada Investment Banking Market experiences substantial dynamics within the Enterprise Size segment, featuring both Large Enterprises and Small and Medium-Sized Enterprises (SMEs). Large Enterprises often dominate the market due to their complex financial requirements and access to extensive resources, enabling them to undertake significant mergers and acquisitions while capitalizing on intricate financial instruments. Meanwhile, SMEs play a vital role in driving innovation and fostering competition across various sectors in Canada. They typically seek tailored financial solutions that facilitate growth and operational efficiency, thus serving as a significant contributor to the overall economic landscape.
As Canada continues to bolster its reputation as a hub for financial services, the unique needs of both segment types help shape the evolving strategies within the Canada Investment Banking Market. This ongoing evolution is influenced by factors such as regulatory changes, economic trends, and technological advancements, highlighting the importance of understanding these diverse enterprise sizes for effective market growth and segmentation analysis.
The Canada Investment Banking Market is characterized by a diverse competitive landscape, with a wide array of firms offering various financial advisory and capital raising services. The market operates at the intersection of global economic trends, local investment opportunities, regulatory frameworks, and the evolving needs of Canadian businesses. Throughout this dynamic environment, investment banks strive to differentiate themselves through specialization in sectors such as natural resources, technology, and financial services, while also leveraging their unique relationships with clients and their expertise in local markets. Notably, the competitive landscape includes traditional banks, independent advisors, and boutique investment firms, each vying for a share of the lucrative deals, mergers, acquisitions, and underwriting becoming increasingly important as companies navigate complex financial landscapes.
Canaccord Genuity has cemented itself as a significant player within the Canada Investment Banking Market, known for its deep sector expertise and client-centric approach. The firm excels in providing advisory services on mergers and acquisitions, as well as equity and debt financings, primarily focusing on the mid-market segment. Canaccord Genuity's strength lies in its extensive research capabilities and strong relationships that foster trust and confidence among clients. Their Canadian presence is complemented by a solid international network that enables them to tap into global capital markets while maintaining a strong local footprint. The company is recognized for its agility and responsiveness to market changes, offering tailored solutions that cater to the needs of Canadian companies and investors alike, which further strengthens their competitive edge.
Bank of Montreal operates robustly within the Canada Investment Banking Market, utilizing its extensive background to offer a comprehensive suite of financial services that include capital raising, corporate lending, and advisory services tailored to mergers and acquisitions. Known for its strong presence across key sectors such as energy, infrastructure, and real estate, the Bank of Montreal has positioned itself effectively to serve a diverse client base ranging from large enterprises to mid-sized businesses. The bank’s strengths include a well-established network of professionals, expertise in navigating complex regulatory landscapes, and innovative solutions that enhance client experiences. Through strategic mergers and acquisitions, Bank of Montreal has broadened its capabilities and strengthened its market position, allowing it to offer enhanced products and services such as equity underwriting, debt syndication, and IPO advisory. This integration of comprehensive services not only bolsters its market presence but also enhances its ability to serve clients dynamically in an ever-evolving economic environment in Canada.
The Canada Investment Banking Market has recently seen significant movements, particularly among key players such as Bank of Montreal, Scotiabank Global Banking and Markets, and Royal Bank of Canada. In July 2023, BMO Capital Markets successfully expanded their advisory services, enhancing their capabilities in mergers and acquisitions, which corresponds with the ongoing trend of increasing deal activity. Scotiabank Global Banking and Markets revealed a rise in its market valuation, attributed to a strong pipeline of initial public offerings and increased client demand for financial advisory services. Notably, in September 2022, RBC Dominion Securities acquired a digital financial advisory platform to broaden its offerings in wealth management.
Furthermore, the National Bank of Canada is actively pursuing new partnerships to strengthen its position in financial technology, reflecting the sector's ongoing digital transformation. The spate of initial public offerings and intercompany collaborations has resulted in a robust investment landscape in Canada, with increased investor interest and capital inflow, supporting the growth of the market. Over the last couple of years, the sector has experienced an uptick in valuations, correlating positively with favorable economic conditions in Canada, contributing to an optimistic outlook for investment banking firms in the region.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 7.64 (USD Billion) |
| MARKET SIZE 2024 | 8.32 (USD Billion) |
| MARKET SIZE 2035 | 20.11 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.354% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Canaccord Genuity, Bank of Montreal, Scotiabank Global Banking and Markets, GMP Securities, Royal Bank of Canada, Desjardins Group, CIBC World Markets, TorontoDominion Bank, Mansfield Advisors, BMO Capital Markets, TD Securities, RBC Dominion Securities, Bank of Nova Scotia, National Bank of Canada, Canadian Imperial Bank of Commerce |
| SEGMENTS COVERED | Type, End User, Enterprise Size |
| KEY MARKET OPPORTUNITIES | Increased demand for ESG investments, Growing interest in M&A activities, Expansion of technology-driven investment platforms, Rise in cross-border transactions, Robust financing for infrastructure projects |
| KEY MARKET DYNAMICS | Regulatory environment, technological advancements, market competition, client demand shifts, economic conditions |
| COUNTRIES COVERED | Canada |
Frequently Asked Questions (FAQ) :
The Canada Investment Banking Market is expected to be valued at 8.32 USD Billion in 2024.
By 2035, the Canada Investment Banking Market is anticipated to reach a valuation of 20.11 USD Billion.
The expected CAGR for the Canada Investment Banking Market from 2025 to 2035 is 8.354%.
The Mergers & Acquisitions Advisory segment is projected to grow from 2.75 USD Billion in 2024 to 6.44 USD Billion by 2035.
The Financial Sponsor/Syndicated Loans segment is valued at 1.5 USD Billion in 2024.
Major players in the Canada Investment Banking Market include Canaccord Genuity, Bank of Montreal, and Royal Bank of Canada among others.
The Debt Capital Markets Underwriting segment is expected to grow to 5.16 USD Billion by 2035.
The Equity Capital Markets Underwriting segment is valued at 2.0 USD Billion in 2024.
Emerging trends include increased demand for sustainable investing and digital transformation within the market.
Challenges include market volatility and regulatory changes that can impact investment operations.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
