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A Bay Street sign, the main street in the financial district is seen in Toronto, January 28, 2013.
A Bay Street sign, the main street in the financial district is seen in Toronto, January 28, 2013.
(Mark Blinch/Reuters)

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Bay Street still gloomy despite more stock offerings

After a slow start to the year, equity financings are finally coming at a faster pace on Bay Street. But you won’t find many people who are ecstatic about the news.

While bankers acknowledge that an uptick in offerings is definitely a good thing, no matter how you slice it, the recent deals aren’t the best for their bottom lines.