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Bank of Montreal
Symbol BMO
Shares Issued 712,382,498
Close 2025-11-07 C$ 173.38
Market Cap C$ 123,512,877,503
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Globe says TD, rivals hear Cdn corporate debt surging

2025-11-10 08:00 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Monday edition that despite economic uncertainty, Canadian corporate debt is surging as businesses adapt to trade-war threats and increasing foreign investment. The Globe's James Berkow writes that in the first nine months of 2025, Canadian companies issued over $76-billion in corporate bonds, surpassing totals from 2022 ($48.8-billion) and 2023 ($69.7-billion). The surge is driven by a wave of mergers and acquisitions, and a growing number of new companies, including large foreign firms, entering the Canadian debt market. TD's Abeed Ramji, head of debt markets, says: "We are at a record pace this year and we are well ahead of last year already -- and last year was an all-time record in terms of issuance in the Canadian debt market. Last year it was hard to imagine surpassing those levels, but here we are." Low interest rates are drawing companies away from traditional financing sources like bank loans. With new domestic issuers and many foreign firms entering the corporate debt market, businesses are seeking capital to invest in data centres and restructure supply chains amid protectionist risks. Despite the increased supply, investors are eagerly purchasing every available deal.

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