Toronto Dominion Bank was the pack forerunner when it came to dealmaking in 2018. It was a year in Canada that was replete with mergers and acquisitions deals with TD Bank's securities division outshining its competitors. The slowpoke area of business in 2018, however, seems to have been in equity financing -- the slowest it had been in a decade.
Of the almost $30 billion stemming from public offerings in Canada last year, TD Securities brought in almost $4 billion of that. The institution's roll is expected to continue into 2019. In fact, TD replaced the Royal Bank as Canada's number one equity dealmaker. In terms of cross-border deals, TD landed two of the biggest -- worth more than $22 billion.
TD Securities was also the leader in a lending capacity for Canadian companies to the tune of more than $58 billion. In all, banks arranged more than $319 billion in loans to Dec. 19, 2018 -- an increase of more than $7 billion. The securities' division of the bank expanded its presence in the United States redefining itself as more of a North American company, rather than strictly a Canadian one. But it has reaped the benefits on both sides of the border.
Mergers and acquisitions is an extremely interesting, yet challenging aspect of business in Canada. Many business owners envision it as part of a company's long-term goal. Getting acquainted with the laws that accompany such deals may be wise. A lawyer experienced in corporate law is in a position to advise his or her clients on prospective transactions, including those regarding mergers and acquisitions.