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Toronto’s Bay Street, home to Canada’s financial district, is pictured in January, 2013. Sluggish corporate profits might force the Bank of Canada to reconsider its positive outlook for the rest of the year.
Toronto’s Bay Street, home to Canada’s financial district, is pictured in January, 2013. Sluggish corporate profits might force the Bank of Canada to reconsider its positive outlook for the rest of the year.
(MARK BLINCH/REUTERS)

Pace of financings finally picks up on Bay Street

September usually brings a sense of urgency to Bay Street.

Because summer is typically slower for deal flow, the week after Labour Day kick-starts a new season, prompting bankers to call their clients to assess their financing needs. And because the Big Six banks’ fiscal years end Oct. 31, there is always a push to get deals on their books before then.