Bay Street raises the most money in 15 years despite economic uncertainty – Financial Post Bay Street raises the most money in 15 years despite economic uncertainty – Financial Post

While capital markets are off to a strong start in 2026, stability is needed for that to continue, says Rosalind Hunter, partner and Co-Chair of Capital Markets and Co-Chair of the Financial Institution Transactions practice, in an interview with the Financial Post.

“Even though this past year has demonstrated that markets have high tolerance for geopolitical events, economic stability will be important to a strong dealmaking environment,” Rosalind says in the article.

In 2025, the capital markets sector raised approximately $597 billion in 1,133 deals, the highest dollar amount in the past 15 years. Rosalind says several factors drove dealmaking last year, including the obvious interest in companies dealing with AI and the mining sector, to some companies taking advantage of major mergers and acquisitions. “We attribute this to issuers and investors getting tired of sitting on the sidelines for the past few years waiting for things to change,” she says.

She added that Canadian companies still face challenges in achieving the scale they need to be successful in the public markets and  an environment must be created that supports Canadian businesses to reach that scale. “Some of that is tax, some of it is our incentive systems, but this is something we need to get right for the future of our country,” she says.

If you have a subscription to the Financial Post, you can read the full article by author Naimul Karim posted on January 15, 2026.