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Share sales rebound 98% in Toronto as copper, gold prices surge
After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings on the Toronto Stock Exchange jumped 98 per cent in the first four months of the year to $4.9 billion (US$3.6 billion) from $2.5 billion, according to data from exchange operator TMX Group Ltd., representing a sharp increase after an historically bleak year for equity market financing activity on Canada’s largest exchange. First Quantum Minerals Ltd. led the way with a $1.55-billion share sale in February, followed by a ... (full story)