Share Sales Rebound in Toronto as Copper, Gold Surge

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Toronto Stock Exchange News

Bloomberg,Gold Prices,Equity Capital Markets

(Bloomberg) -- After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and...

-- After a miserable year for share sales, Canada ’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked.Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’

“While 2024 had a quieter start, Canadian equity issuance has improved this spring, with momentum continuing thus far in May,” said Michelle Khalili, Scotiabank managing director and global head, equity capital markets. She sees growing confidence and the timing of interest rate cuts as driving a further acceleration in the pace of share issuance for the balance of the year.

Indeed, the largest deals to start the year have primarily been in the materials space, led by the First Quantum and Capstone Copper deals. Real estate firm Colliers International Group also raised roughly C$405 million in February. Former U.S. President Donald Trump's media company said it was unable to complete the review of its financial statement for the quarter ended March 31 due to the timing of its appointment of Semple, Marchal & Cooper as the new auditor. The company dismissed previous auditor BF Borgers, after the SEC charged the accounting firm with "massive fraud" earlier this month.

Bloomberg Gold Prices Equity Capital Markets Canada Raising Capital TMX Group Ltd. Robert Peterman Financing

 

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