The IIAC has announced:
Total equity issuance in Canada fell to $6.5 billion in the third quarter, the lowest in over 6 years— down 44 per cent from the previous quarter and 24 per cent year-over-year. However, equity trade volumes reached an all-time high surpassing the record reached earlier this year with $25.7 billion shares being traded for the quarter. The Investment Industry Association of Canada (IIAC) issued today its quarterly publication Review of Equity New Issues & Trading, highlighting Canadian equity financing and trading activity.
The report itself notes:
Preferred shares followed suit falling to $1.5 billion on 5 offerings— a decrease of 36% from the previous quarter but still on pace for a record year in issuance for 2008 (Chart 4)
Year-to-Date figures are:
| PFD Issuance YTD per IIAC |
||
| Year | Deals | Value |
| 2008 | 25 | $5.3-billion |
| 2007 | 40 | $5.2-billion |
| 2006 | 31 | $4.4-billion |