The Globe and Mail reports in its Thursday edition that tariff threats did not spoil corporate Canada's appetite for deal making and fundraising over the past three months. The Globe's Jameson Berkow writes that stock sales and merger and acquisition activity both soared in the second quarter. Borrowing activity appeared to be the sole casualty of the continental trade war, with corporate debt issuance from early April to late June totalling $22.6-billion, fully one-third below the same period in 2024. The latest total remains 25.8 per cent below the most recent 10-year average for Q2 stock sales -- $9.24-billion. Toronto-Dominion Bank ranked third in underwriting Canadian stock sales for the first six months of the year. However, according to global data from Dealogic, TD was the only Canadian name to rank among the top-10 investment banks for stock sales worldwide during the same period. Sante Corona, head of global equity capital markets for TD Securities, said the showing was a result of the lender's $1.3-billion (U.S.) deal to acquire New York-based Cowen Inc. in 2022. "These are the early signs that the combination is working," Mr. Corona said. "Clients are trusting us with these significant, complicated deals."