AI Analysis: New issuances of securities by type of use of proceeds and by industry, monthly

Executive Summary

Statistics Canada Table 36100642 tracks 74 months of new securities issuances by Canadian non-financial corporations from January 2020 to February 2026, revealing a heavily right-skewed market where a small number of very large deals dominate the aggregate figures. General Corporate Purposes is the largest and most consistent category, while Merger & Acquisition activity drives the most extreme spikes, with a single issuance reaching $24,563M CAD. The dataset's 36 detected outliers and wide standard deviation of $2,300M underscore how episodic and uneven capital market activity is across proceeds categories and instrument types.

Key Findings

• The dataset contains 740 records across 74 months, with values ranging from $0 to $24,563M CAD and a mean of $1,221M — more than five times the median of $229M, confirming a strongly right-skewed distribution driven by infrequent mega-issuances.
• General Corporate Purposes is the dominant use-of-proceeds category, with the highest average monthly issuance at $2,790M and a relatively high median of $2,112M, indicating large and consistent capital-raising activity in this segment.
• Merger & Acquisition issuances are the most volatile category, reaching a maximum of $24,563M but carrying a low median of only $135M, reflecting the episodic nature of large deal-driven financing.
• Working Capital is the smallest and least active category, with a mean of just $93M and a median of $4M, suggesting most issuances in this segment are minor or infrequent transactions.
• At least 25% of all 740 records have a value of $0, indicating that many category-month combinations see no issuance activity at all, pointing to structural gaps in certain segments of the market.
• 36 data points were flagged as statistical outliers using a z-score threshold of |z| > 2, with many concentrated in the pandemic and post-pandemic recovery period between 2020 and 2022, likely reflecting extraordinary financing conditions.
• The dataset spans two instrument types — long-term debt and listed shares — across five proceeds categories, creating 10 unique time series that together capture the full structure of Canadian non-financial corporate capital market activity over six-plus years.