The Globe and Mail's Eric Reguly, among his 2026 predictions, says that mergers and acquisitions are coming off a banner year, and investors can expect more of the same in 2026. The Globe's Europe correspondent quotes Harvard's 2025 M&A review saying that compared to 2024, deal volume is expected to rise by almost half in the United States alone to $2.3-trillion (U.S.), equivalent to Canada's gross domestic product. Global volumes should rise by about a quarter. Interest rates in the United States and elsewhere are coming down, making financing costs cheaper. The U.S.'s anti-consolidation stance is weakening. Europe is practically begging for global champions in defence, banking, pharmaceuticals, energy and other industries, meaning regulatory reviews will be given the light touch there, too. Mr. Reguly thinks that mining and banking are the sectors to watch. The lunge for critical metals, especially copper, means that megadeals will remain on the agenda, with even Teck Resources' suitor Anglo American a target. In the financial world, watch out for the Canadian banks. Royal Bank of Canada is worth $240-billion (U.S.). It is only a matter of time before RBC and its Canadian rivals pounce on big targets in the U.S.