Governance Insights: Shareholder Activism in Canada: Surprising Resilience and Shifting Dynamics

Despite factors that might have otherwise presented challenges for activists, shareholder activism in Canada proved resilient in 2025. The passing of a year marked by geopolitical and economic uncertainty – a trend which shows no signs of abating – invites reflection on the characteristics of the Canadian activism space today, including: • larger issuers being targeted disproportionately, with U.S.-based activists leading high-profile efforts - • an increased focus on business strategy in... By: Davies Ward Phillips & Vineberg LLP