Capital Markets

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Products and Services

300 institutional investors in Canada, the U.S. and Europe. Image

Products and services

Our seasoned corporate banking team strategically leverages the expertise of Desjardins Capital Markets and other areas of the broader Desjardins Group to provide our clients with global customized solutions.

Our relationship management and portfolio management team works closely with our structure and syndication team to provide our customers with creative and flexible financing approaches.

We serve clients nationwide from our Montreal, Toronto and Calgary offices. We also operate a US platform enabling us to offer cross-border financing solutions.

Desjardins benefits from a strong balance sheet which, coupled with our best-in-class credit ratings, allows us to fully support our clients with the deployment of their business strategies as well as take on lead roles.

Our experienced lending team covers public and private corporations within multiple industry sectors including:

  • Retail/distribution
  • Energy
  • Telecom/media
  • Transport
  • Infrastucture
  • Agriculture
  • Real estate
  • Credit unions


  • Loan structuring
  • Syndication
  • Revolving credit
  • Bridge and term loans
  • Project financing
  • Letters of credit and guarantee

Banking and treasury

  • Collections
  • Conciliation
  • Global treasury management


  • Derivatives (FX, IRS, etc.)
  • Import / Export letters of credit
  • International currency transfers
  • Worldwide network of correspondent banks
  • Lock boxes
  • Foreign currency accounts

Recent transactions
See recent transactions.

Our Institutional Equities team is a strong, dynamic group of professionals, with growing, long-term relationships globally with both investors and issuers.

With offices in Montreal, Toronto, Calgary and Vancouver, we cover over 300 active institutional accounts in Canada, the United States and Europe. We handle all of Desjardins's equity-related activities which include:

  • Initial public offerings
  • Normal course issuer bids
  • Secondary trading
  • Market stabilization
  • Facilitation trading
  • Block trading
  • Direct market access
  • Electronic execution

We pride ourselves on facilitating our clients' trading requirements by providing them with access to cutting-edge technology. These include fixed connections, algorithmic trading, as well as access to all trading exchanges, including dark pools. Through our exclusive relationship with European Securities Network (ESN), a consortium of 10 European investment banks, we provide our clients with access to expert local trading talent in key international markets. With a focus on aggressive institutional block trading, our team has proven its ability to be nimble despite the large scale of our operation.

Our key differentiators are:

  • High-touch client-service approach
  • Ability to provide trading liquidity to our clients
  • High-quality execution
  • Concrete and realistic ideas

Desjardins Capital Markets hosts 2 major conferences annually, with 27 issuers presenting at our Industrials, TMT, Diversified and Consumer Conference and 16 issuers at our Digital Healthcare Conference. With one of the top-ranked research teams, our sales team is able to connect investors with issuers across all sectors with high-quality marketing mandates.

Our experienced team of investment banking professionals is committed to providing value-added services to our clients across North America, in addition to key access to the European markets through a network of well-established partners.

We offer customized, creative and flexible financing solutions based on extensive market intelligence and in-depth industry experience across many sectors. We're committed to working closely with our clients in order to provide products and services that meet their needs.

Our professionals are experienced, and insightful, and focused on building solid relationships to help our clients achieve their goals.

We provide services for:

  • Advisory services
  • Mergers and acquisitions
  • Public and private equity transactions, including IPOs, follow-on and secondary offerings
  • Public offering of debt securities
  • Private placement of debt and equity securities
  • Preferred shares issuance

We have expertise in the following sectors:

  • Metals and Mining
  • Energy
  • Consumer Products and Merchandising
  • Industrials & Diversified
  • Power & Utilities
  • Real Estate
  • Financial Institutions
  • Telecommunications, Technology and Media
  • Life Sciences

Equity Capital Markets

The Equity Capital Markets (ECM) team executes public and private equity and equity-linked financings for Desjardins Capital Markets' client base. We partner with our investment banking professionals to advise corporations in Canada, the United States and internationally. We also provide our services to private companies and financial sponsors.

Our ECM team is the liaison with sales professionals and traders in Desjardins Capital Markets' Equities group, as well as the ECM teams at other domestic and international investment dealers.

We're responsible for helping companies execute primary market transactions by managing the structure, syndication, marketing, distribution, pricing, allocation, stabilization and after market support for new issues.

Our specialties are:

  • Common equity and income trust financings
  • Warrants and other equity derivatives
  • Preferred shares
  • Structured retail products
  • Convertible securities and exchangeable debentures

Recent transactions
See recent transactions.

As a bond market leader in Canada, Desjardins Capital Markets' Fixed Income Group serves over 250 institutional investors (portfolio managers, mutual funds, insurance companies, pension funds, banks, governments, hedge funds) and a multitude of retail investors.

Our clients are located in Canada as well as in the United States, Latin America, Europe, Asia and the Middle East.

We trade bond market securities issued by the federal government, provinces, government agencies, municipalities and companies. We also act as principals in bond trading for the Government of Canada. Our Fixed Income Group ranks in the first quartile in terms of the most active bond traders in Canada. Continuously abreast of the latest developments and market trends, we were recently mandated as a market maker on 30-year Government of Canada bond futures (LGB) negotiated at the Montréal Exchange.

We have leaped ahead of our competitors by establishing successful partnerships with clients, insisting on innovative ideas and honouring at all times our commitment to quality execution. To provide our clients with the full gamut of integrated services, we recently added a futures desk trading Canadian and international products.

Debt Capital Markets

Our Debt Capital Markets (DCM) team provides bond issuance and advisory services to government and corporate issuers in the Canadian fixed-income market. By working in close partnership with our corporate banking and investment banking teams, we provide sound and trustworthy advice to help our clients achieve an optimal financing structure.

DCM also works in partnership with Desjardins Capital Markets' Fixed Income Group to provide timely market insight to issuers and to bring capital users and providers closer to one another.

Our experienced DCM team has advised a wide array of debt issuers as a lead manager across the years. Over and above primary execution, we offer turn-key solutions which include allocation, coordination with the working group, distribution, marketing, post-market insight, pricing, settlement structuring, and syndication.

We offer financing solutions for:

  • Governments (sovereign, agencies, regional, municipalities)
  • Financial institutions (domestic and international)
  • Corporations (Investment Grade and High-Yield)
  • Project financing

Recent transactions

See recent transactions.

The Preferred Share team is one of Canada's most active teams with respect to sales, block trading and top-rated research of Canadian preferred share products.

Desjardins was the architect of the rate reset preferred share structure and has been a major participant in many issues; our excellent relationship with our institutional clients has been instrumental in our success. Our extensive retail network also provides us with placement power for new issues.

In the preferred share market, we have established a significant presence with most major financial institutions, corporations and mutual fund participants who issue, trade and seek advice.

We maintain close contact with regulatory authorities and rating agencies in order to advise and to inform on relevant issues involving our niche market.

Capital is provided for proprietary and client accumulation in order to provide liquidity.

Since 2002, Desjardins has co-managed, as a syndicate member, over $67 billion of preferred share underwritings.

Recent transactions
See recent transactions.

Desjardins Capital Markets Research Services are focused on the publication of fundamental research on corporations and specific industry sectors of interest to our clients.

Our Team–Equities

Our Equities Research team consists of approximately 15, mostly senior, top-ranked analysts paired with experienced associates. We have teams located in Montreal, Toronto and Calgary.

Coverage extends across all major sectors of the Canadian market, with a newly added emphasis on sustainability and energy transition coverage.

Sectors we cover:

  • Oil & Gas
  • Materials/Mining
  • Power & Utilities
  • Renewables
  • Consumer Discretionary
  • Diversified Industries
  • Real Estate
  • Financial Services
  • Telecom
  • Transportation
  • Industrial Products
  • Technology
Our distribution

Desjardins Capital Markets Equity Research has different publishing vehicles to provide value-added and timely views. It relies primarily on its Institutional Sales team and Retail brokerage network to distribute its research product.

Morning Pulse

A daily publication featuring our investment views and insights on companies under coverage.

Research Comments

Detailed reports with extensive analysis on specific companies and sectors. Thematic perspectives related to a sector or firm.

Research Report

Clear and detailed recommendations based on extensive analysis. Definition of strategies.

Express Pulse

Short and timely communication to address market, company or corporate sensitive developments.

Our publications are designed to support your decision-making process. As part of our efforts to provide our clients with the most current research content, in 2021, Desjardins Capital Markets published:

  • 255 Morning Pulse Notes
  • 1258 Research Comments
  • 65 Research Reports
  • 1005 Express Pulses
Our Research publications are available on the following sites1:

Desjardins Capital Markets Research

Alliance with ESN North America

Desjardins Capital Markets also benefits from a research distribution agreement with the European Securities Network (ESN), North America.

Founded in 1998, ESN is a consortium of 10 European investment banks, with over 150 traders and 100 research analysts, covering over 1,000 investors in Europe.

In early 2011, Desjardins Capital Markets entered into an agreement with ESN North America that covers the distribution of equities research. Desjardins Capital Markets is the only group in Canada to have access to this network, providing us with the unique ability to distribute our research to some of Europe's leading financial institutions.

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Fixed Income

The Fixed Income Group publishes daily, weekly, selective and on demand research pertaining to the Canadian bond market. We seek to deliver value to our institutional and public sector clients through a wide variety of timely and punctual publications, including:


Daily publication on Canada Mortgage and Provincial bond pricing levels and trends

Weekly Reviews

In depth research published weekly on Provincial, Corporate and Financial primary and secondary markets

Auctions and New Previews

Punctual information relating to new Canadian and U.S. bond auctions and Canada Mortgage bond new issues

Market Insight

Commentary, analysis and reports on market specific topics as well as timely trading ideas


Government bond auctions & central banks meetings

Canada Economic Roadmap

A graphical review of Canada's most significant economic indicators

Central Banks Statements

Comparative analyses of monetary policy statements by the Bank of Canada and the Federal Reserve Bank

Economic Research

Desjardins Capital Markets leverages the strength of the Desjardins Group's economic studies to provide our clients with sophisticated analysis relating to the Canadian and global economic environment.

The Economic Studies Team analyzes the impact of economic environments and financial markets and produces forecasts.

See our economic studies:

  • Our most recent publications
  • News and financial markets
  • Government budgets
  • Québec-Ontario economic conditions
  • Reports, studies and guides
  • Forecasts