TD Securities handled $3.71 billion in equity financings—initial public offerings, secondary sales and other share-related deals—in 2018, out of the Canadian total of $29.8 billion. TD Bank was second in advising on acquisitions. (Bloomberg)
Talking point: According to Bloomberg, both the number of mergers and acquisitions in Canada and the combined value of those transactions were up in 2018 compared to recent years, but equity financings were at their lowest in a decade. That’s because of fewer energy deals—the sector is in the middle of a significant downturn.