Mergers & Acquisitions:

• Industrial:
  Calgary based Collective Waste Solutions Inc., a waste management services provider, announced the acquisition of Edmonton based City Disposal and City Ecobag, provider of waste management services serving the commercial, construction, and municipal sectors. Collective Waste Solutions is a subsidiary of Chicago based Concentric Equity Partners.

• Distribution:
  Surrey based LineStar Utility Supply Inc., a distributor of powerline technician tools and safety equipment, announced the acquisition of select assets of Arlington, TX based Ultimate Tool & Safety Ltd., a provider of tools, safety equipment, and dielectric testing & inspection services for the electric utility industry. LineStar is a portfolio company of Vancouver based CAI Capital Partners.

• Software:
  Winnipeg based Telpay Inc., a business payments solutions provider, announced the acquisition of Toronto based Notch Financial, an accounts receivable automation software provider to enhance capabilities on its platform.

• Financial services:
  National Bank of Canada (TSX:NA) announced the acquisition of Vancouver based Truvera Trust Corp., a provider of estate and trust planning services via its subsidiary, Natcan Trust Company to strengthen Western Canadian presence and to expand wealth management capabilities.

• Food & beverage:
  Montreal based CDS Foods Inc., a importer and distributor of fresh produce, announced the acquisition of Calgary based Vivid Produce Inc., a supplier of multicultural fresh produce throughout Western Canada.

• Economic update:
  According to Statistics Canada, Canadian merchandise trade surplus increased to $4.2B in May 2026 ($3.4B surplus in April 2026). This was a record monthly high and the fourth consecutive monthly increase in total exports gains.

• IPO:
  Richmond, BC based General Fusion Inc. started trading as a public company on the NASDAQ on July 13 via a merger with a SPAC. The pre-revenue and pre-commercialization company focused on fusion power technology has over 150 employees

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