Two hundred and eight Canadian M&A transactions closed this past month. Year to date, M&A closed deal count is 5.5% lower than the comparable period in 2016. The Canadian dollar depreciated by 0.80 cents, ending the month at 80 cents. The TSX underperformed the S&P 500 by 7.1% in U.S. dollar terms. WTI Crude oil rose by 8.3%, ending the month at $65.45 per barrel.