Equity issuance surged 37% in 2023; debt up 19% from previous year
Strength in secondary offerings overcomes weak IPO market
Rate cuts to start materializing by mid-year
Former trader facing fraud allegations in U.S. Treasuries market
BMO tops equity league tables, RBC leads debt rankings
Weak deal activity, syndicated lending drive drop in bankers' fees
Through three quarters, equity issuance is up 8% and debt rose 2%, Refinitiv reports
Issuance weakest since 1995 as IPOs, structured products and preferred issues were all scarce
RBC led Canadian dealers on equity, debt league tables
Equity issuance at lowest level since financial crisis; debt slumps too