Amid a boom in Canadian equity issuance, mining is a big standout this year, providing a crucial shot in the arm for bank-owned and independent broker-dealers alike.
Overall equity issuance is up 24 per cent year over year in Canada to $40-billion, according to Bloomberg data. All of the major sectors have seen sizable increases. Energy is on top with $19.5-billion in financings. Notable transactions include Encana Corp.’s recent $1.3-billion marketed secondary offering, and Suncor Energy Inc.’s $2.9-billion bought deal, announced in June.Report Typo/Error