The province’s public companies raised $23.6 billion in capital last year, up 38 per cent from 2019, according to a report from the B.C. Securities Commission. (The Logic)

Talking point: While mining led the way, with a 125 per cent year-over-year jump in capital raised, the technology sector was also a standout. Companies in the tech, communication and entertainment space raised $4.71 billion, up from $3.15 billion. Offerings from Telus made up the majority of the growth. Biotech, part of the “other” category, also saw significant growth, raising $2.31 billion, up 123 per cent from 2019, with the majority coming from AbCellera, Zymeworks, Aurinia and Xenon. The record-breaking growth came as “markets and activity recovered strongly in the second half of the year,” according to the report, following a first-quarter fall due to the pandemic.