Fourth quarter activity was particularly strong
Performance of recently completed IPOs spurring investor demand
Seven new offerings accounted for a total of $802 million raised
Proceeds to reduce the amount of the bank’s outstanding subordinated notes
Debt issuance rises
The largest new issue on the TSX came from BRP Inc., which raised $262 million
The top equity underwriter was BMO Capital Markets
Complete lack of activity in mining is unprecedented
Smaller and medium-sized businesses often have the greatest potential for expansion and innovation
Proceeds would shore up capital requirements of subsidiary Northern Securities