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SHOP - Shopify Inc News Story

C$1408.04 -38.6  -2.7%

Last Trade - 07/08/20

Sector
Technology
Size
Large Cap
Market Cap £96.91bn
Enterprise Value £93.84bn
Revenue £1.59bn
Position in Universe 1st / 2679

Canada's equity, debt deals rise as firms try to ride out virus crisis

Thu 9th July, 2020 11:00am
July 9 (Reuters) - Canada's capital market saw a rise in
equity and debt deals in the first half of 2020, as companies
fortified their balance sheets to deal with the economic slump
sparked by the COVID-19 pandemic, but merger activity fell. 
    Equity market deals rose nearly 34% in the first six months
of 2020 from a year earlier to about C$15.8 billion ($11.69
billion), according to Refinitiv data, as companies such as
Shopify Inc  SHOP.TO  and Air Canada  AC.TO  raised cash.
    Canadian companies also raised 67% more debt in the first
half of the year, with total corporate debt touching C$158.6
billion, the data showed.
    Mergers and acquisitions, however, fell about 63% to C$40
billion as the coronavirus crisis shuttered shops and factories
and hammered demand for industries such as hospitality, tourism
and retail. 
    

($1 = 1.3516 Canadian dollars)

 (Reporting by Neha Malara; Editing by Aditya Soni)
 ((neha.malara@thomsonreuters.com))
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