Oreninc Index Climbs for Second Straight Week
(Next week we will not be publishing the Oreninc Index due to the Christmas holiday. The next Index will be published during the first week of January and will include the previously missed week. We will return to our normal schedule the second week of January.)
The Oreninc Index climbed for the second week in a row for the week ending December 13, 2012. The week saw the most openings since September, however the average offer size was down significantly, reaching a seven-week low for brokered and non-brokered offerings alike. In addition, broker participation was at its lowest level since October. Winter is coming and companies are trying to raise what they can before the New Year, even if that requires undertaking offerings using the TSX-V’s extension of temporary relief measures.
