National Bank of Canada (TSX:NA) is looking for acquisitions. In an earnings call, President, and Chief Executive Officer, Louis Vachon said, “So I think generally, it's been when you combine the fact that we may get little bit more volatility, higher interest rates. At the same time, we continue to see a good M&A pipeline. Corporate balance sheets in this country are in good shape. People have excess debt capacity. They can use that to grow to make acquisitions in an environment of still relatively low nominal growth rates. So all that suggests that this should be continue to be good momentum for capital markets in 2017.”