IPO Market—The number of initial public offerings rebounded last
year, generating sales for specialized accounting firms.
Mergers and Acquisitions—M&A activity in Canada increased in 2017, both in terms of deal numbers and deal volumes, supporting the demand for accounting services.
Business Counts—With growth in the number of Canadian
businesses remaining sluggish, the potential for growth in areas
such as core bookkeeping and auditing services is limited.