A Proven,
Trusted Partner

We combine the service and bespoke solutions of a boutique investment bank with the reach and stability of one of Canada’s largest financial institutions.
Equity raised
in 2022
$9.3B
Debt raised
in 2022
$21.0B
Equity deals
in 2022
106
Debt deals
in 2022
29
Over 110 stocks covered by 8 analysts
nationally

What's new

Latest insights and news

Post

Canadian banks expected to face higher costs to raise funds amid volatility – The Globe and Mail

4 min read

Christian Pouliot, head of fixed income investments at iA Capital Markets, discussed the potential impact of the Credit Suisse situation on Canadian banks and insurance companies issuing Limited Resource Capital Notes (LRCNs), which are equivalent to Additional Tier 1 (AT1) debt in Switzerland, in an interview with The Globe and Mail. Pouliot suggested that Canadian financial institutions will face a more expensive fundraising environment in the short term, as investors may demand higher interest payments to take on the risk associated with LRCNs. He predicted that investors may ask for 10 to 15 basis points more of a risk premium due to the increase in uncertainty. Pouliot expects between $2 billion and $4 billion worth of LRCNs to be issued this year, but the recent events may impact pricing for the next few months.

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Post

Algonquin Power is still a pass, says iA Capital Markets

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iA Capital Markets analyst Naji Baydoun is still skeptical about Algonquin Power & Utilities (Algonquin Power & Utilities Stock Quote, Charts, News, Analysts, Financials TSX:AQN), saying in a review of the company’s latest quarterly numbers that investors should wait to see how well the utility company fares on this year’s strategic priorities.

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Source: Cantech Letter

Post

Aecon Group upgraded to a Buy, says iA Capital Markets

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A clearer path to higher profitability and a de-risked balance sheet are just a couple of the reasons iA Capital Markets analyst Naji Baydoun is giving the green light on Aecon Group (Aecon Group Stock Quote, Charts, News, Analysts, Financials TSX:ARE). In a Thursday report, Baydoun changed his rating on the stock from “Hold” to “Buy,” saying Aecon is heading into a key transition year, while a recent asset sale removed a funding overhang on shares.

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Source: Cantech Letter

Recent transactions

Logo RBC

$1,500,000,000

  • Sector: Financial
  • Type: Subordinated notes
  • Role: Co-manager
  • Date: January 2023
Logo BMO

$650,000,000

  • Sector: Financial
  • Type: Preferred shares
  • Role: Agent
  • Date: January 2023
Logo CIBC

$1,000,000,000

  • Sector: Financial
  • Type: Debentures
  • Role: Co-manager
  • Date: January 2023