PwC Capital Markets Flash

Volume V • Issue 8 • Feb 6, 2012

Notable economic news, deals and capital raises

Welcome to the February 6, 2012 edition of the Capital Markets Flash.

Since our last release, key indicators have largely continued to trend upwards, with the exception of West Texas Intermediate Crude and the Baltic Dry Index. The Canadian dollar ventured above parity for the first time in 2012, a level not seen since late October 2011, while gold and copper both continued their advances, having increased more than 10% since the start of the year.

The economic outlook continues to be mixed going forward, with signs of stability in North America that will likely support a steady deal market for Canadian dealmakers. Our roundup this issue includes some recently released economic news from the tail end of 2011 along with guidance from the Federal Open Market Committee (FOMC) on interest rate expectations into 2014.

On the deals front, energy and mining have continued their strong start to 2012, while the TSX get sets to lose the last of its listed semiconductor manufacturers. Finally, our capital raises saw a return to the high yield market in Canada with companies across a diverse array of industries strengthening their balance sheets.

We look forward to continuing our dialogue with you in two weeks when we release the next edition of the PwC Capital Markets Flash.