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A Sobeys store in Calgary on June 13, 2013.
A Sobeys store in Calgary on June 13, 2013.
(Todd Korol For The Globe and Mail)

Canada leads in retail M&A, but banks lag

Look now – this is not something you will likely see again.

Two thirds of the way through 2013 and Canada is by far the busiest nation in the world for mergers and acquisitions in the retail business. Given the size of the Canadian economy, that is a rarity.

Megadeals by Loblaw Cos. Ltd. and Sobeys Inc. are behind the turn of events.