6-Part Series: How Trade, Tax & Macro Forces Are Reshaping Canadian Business Valuations in 2026

Tariffs, interest rate uncertainty, capital gains policy changes, and regulatory evolution are fundamentally changing how buyers evaluate Canadian lower middle-market businesses. If you're searching, acquiring, or advising on deals in Canada, the external environment has shifted significantly from even 12 months ago. I've published the first installment of a 6-part series examining these forces and what they mean for business value: Part 1 covers the current tariff regime (sectoral tariffs of 25–50% remain on steel, aluminium, autos, and copper), the Bank of Canada's rate outlook, the cancelled capital gains inclusion rate increase, the new Canadian Entrepreneurs' Incentive, and what buyers should be looking for as evidence of resilience in targets. https://sellingyourcanadianbusiness.com/articles/f/how-trade-tax-macro-forces-shape-business-valuations-in-2026 PwC Canada reports that local Canadian-to-Canadian deals now represent half of all M&A activity (PwC 2026 Canadian M&A Outlook), and deal terms are increasingly reflecting tariff risk through adjusted MAC clauses and earn-out structures (Lexology). Whether you're on the buy-side or advising sellers, I'd welcome your perspective, what external forces are most impacting the Canadian deals you're seeing?