Canada’s structural “scale conversion problem” drives growing companies to foreign buyers

Mark Lowey
July 8, 2026

Canadian firms are frequently sold to foreign buyers not because they are failing to grow, but because they hit a structural wall – a "scale conversation problem" – when trying to scale independently, says a study by The Impact Group and collaborators. The study found that domestic support systems often fail to provide the necessary timely capital, customers and leadership talent at the critical transition from scaling company to global competitor.

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