The Investment Industry Association of Canada has released its 3Q09 Equity Market Report:
After a stellar start in Q1, preferred share issuance has also slowed down considerably with only $1.3 billion in financings recorded for the year. (Chart 2). This is largely due to reduced offerings from financial institutions who shored up their capital base in previous periods. Limited partnership issuance only reached $100 million on the quarter with only four deals coming to market during the period.
