The Globe and Mail reports in its Wednesday edition that Enbridge is buying three U.S. utilities for $9.4-billion (U.S.), and to help pay for it the company has launched one of the largest share sales in Canadian history. A triple-bylined item led by Emma Graney says that the $4-billion share sale Enbridge announced Tuesday is one of the largest ever in Canada. Previous deals of this size include TC Energy's $4.4-billion share sale in 2016 -- which was followed by another $3.5-billion share sale later that year -- and Barrick's $4-billion (U.S.) share sale in 2009. Enbridge shares are being issued at $44.70 a piece, a sizeable 7.2-per-cent discount to where they closed on Tuesday. When markets are hot, share sales are usually priced at a tight 2-per-cent discount to their last traded price, but Canada has endured a drought of financings in 2023. As of July 31, total financings raised by companies listed in Toronto came to $5.8-billion, down 54 per cent from the same period in 2022 and plummeting 81 per cent from the same period in 2021. The deal is another major splash for Enbridge in the U.S., after the Canadian energy giant bought Houston-based Spectra Energy for $37-billion in an all-share deal in September, 2016.