Royal Bank of Canada led investment banks in advising on equity issues and mergers and acquisitions in Canada in 2013, but share issues overall rose only slightly in the year and M&A activity fell hard. In a year in which gold prices plunged and base-metal and oil industry activity was hit by uncertainty over global economic growth, the total value of M&A deals in 2013 fell by 31 percent to US$144.7 billion, according to data released by Thomson Reuters on Thursday."We saw a pretty significant decline in activity in both the energy and mining sectors, which have over the last five to 10 years accounted for half to two-thirds of the Canadian M&A market," Peter Buzzi, co-head of M&A at RBC, told Reuters in an interview.Equity issues were dominated by a few large deals, with Barrick Gold Corp's C$3.1 billion ($2.87 billion) secondary offering a standout in an otherwise quiet mining sector. Stepping in to partially fill the gap on the M&A and new issues side were retail and real estate players.All told, data showed banks completed 340 equity deals worth C$34.2 billion, up from C$32.2 billion in 2012, according to Thomson Reuters league tables for 2013.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 1.7% or $-0.31/share to $17.96. In the past year, the shares have traded as low as $13.43 and as high as $35.06. On average, 17454800 shares of ABX exchange hands on a given day and today's volume is recorded at 13378582.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 1.53% or $-0.3/share to $19.37. In the past year, the shares have traded as low as $14.22 and as high as $34.71. On average, 3919080 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 2818863.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY fell by 0.27% or $-0.18/share to $65.73. In the past year, the shares have traded as low as $55.49 and as high as $68.89. On average, 509833 shares of RY exchange hands on a given day and today's volume is recorded at 520970.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY traded higher by 0.04% or $0.03/share to $71.00. In the past year, the shares have traded as low as $58.55 and as high as $72.04. On average, 2159020 shares of RY.TO exchange hands on a given day and today's volume is recorded at 1293674.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.56% or $-0.21/share to $37.06. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 770835 shares of TRI exchange hands on a given day and today's volume is recorded at 587343.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.3% or $-0.12/share to $40.02. In the past year, the shares have traded as low as $28.94 and as high as $40.70. On average, 921681 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 561041.
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