The Globe and Mail reports in its Friday edition that Bay Street is booming. The Globe's Jameson Berkow writes that stock sales, corporate borrowing rates, and merger-and-acquisition activity all posted dramatic gains in the third quarter, according to data from LSEG Data & Analytics, as investors and executives shrug off rising geopolitical risks. M&A was especially strong, with deals involving Canadian companies between early July and late September totalling nearly $84-billion (U.S.), or more than 51 per cent above the same period in 2024. Companies appear to be getting used to doing deals in a volatile economic environment -- and the deals are a lot larger. Teck Resources' proposed $50-billion megamerger with Anglo American, Cenovus's friendly $7-billion offer to buy MEG Energy and Gildan Activewear's $2.2-billion (U.S.) planned acquisition of Hanesbrands Inc. are just a few examples of the many multibillion-dollar deals that were announced during the quarter. Corporate stock sales also continued their steady climb out of multidecade lows. "We are not back to long-term averages, but it definitely feels like the activity has picked up," said Jackie Nixon, head of Canadian equity capital markets at RBC.