Banking: Canadian Banks are Staying Busy

Bank of Nova Scotia kept the title of busiest arranger of stock sales in Canada in the first half of 2012. In the first six months of the year, it was a lead bank on deals that raised roughly $3.01-billion for companies. However, more than half of that came in one big deal for its parent bank in early February.

Behind Scotiabank, the race is neck-and-neck between RBC Dominion Securities and TD Securities. RBC has done the most equity deals of all the banks so far this year at 31, according to an industry review completed by Thomson Reuters. But TD was boosted by big gets such as the $600-million Fortis Inc. equity offering, which raised money for the purchase of U.S. utility company CH Energy Group.

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