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The Enbridge Tower is pictured on Jasper Avenue in Edmonton in this August 4, 2012 file photo.
The Enbridge Tower is pictured on Jasper Avenue in Edmonton in this August 4, 2012 file photo.
(Dan Riedlhuber/Reuters)

Investors unexpectedly eager to buy resource deals again

An unexpected surge in demand for Canadian resource financings is giving many miners and energy producers much-needed comfort – and reassuring their advisers that a recent dearth of deals is likely temporary.

On Wednesday, Enbridge Inc. announced a $2-billion equity offering, and investor demand outstripped that amount. Shares in the company closed up more than 5 per cent Thursday – despite a 5.6-per-cent discount on the share issue.