Bank of Nova Scotia led investment banks in Canada in the value of equity issues it advised on in 2014, driven by a few high-profile initial public offerings and some big oil and gas deals before the oil-price rout in the year's second half. Equity issues worth C$37.3 billion ($31.6 billion) were done in Canada last year, up from C$34.1 billion in 2013, data from Thomson Reuters showed on Thursday. Scotiabank advised on C$5.5 billion, followed by RBC Capital Markets with C$5.4 billion and BMO Capital Markets with C$4.7 billion.Strength in oil and gas in the first half of the year overcame sluggishness in the mining and real estate sectors. Robust merger and acquisition activity also helped as companies financed deals by issuing equity.Multibillion-dollar deals included Baytex Energy's C$1.5 billion bought deal to help finance its Aurora Oil & Gas acquisition, and Turquoise Hill Resources Ltd's C$2.6 billion offering.PrairieSky Royalty, spun off from natural gas producer Encana, was involved in two of them. Its IPO was one of the biggest ever in Canada, and Encana later sold a stake in PrairieSky for C$2.6 billion.
The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS traded higher by 0.24% or $0.13/share to $53.80. In the past year, the shares have traded as low as $53.15 and as high as $68.71. On average, 766683 shares of BNS exchange hands on a given day and today's volume is recorded at 946268.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.08% or $0.03/share to $38.61. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 795522 shares of TRI exchange hands on a given day and today's volume is recorded at 1025297.
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