TORONTO, July 3 (Reuters) - Fundraising in Canada's

capital markets made a modest turnaround in the second quarter

as copper miners gave a bump to depressed equity market

issuance, while oil companies led the charge on debt issuance,

according to data from Refinitiv.

First Quantum Minerals' ( FQVLF ) capital raising worth C$1.5

billion through issuance of common shares and Capstone Copper's ( CSCCF )

C$487 million worth of equity raising were highlights of

the equity markets this quarter, as investors bet on the

potential of a turnaround in copper prices. Fundraising through

Canada's equity markets in the second quarter increased 7% from

the year-earlier period.

Investors' appetite to snap up high-yield corporate debt

continued as companies once again tapped the bond market due to

lack of investor interest in the equity markets. As in previous

quarters, high interest rates revived the corporate bond market.

Corporate Canada doubled its fundraising through the debt

market by raising as much as C$35 billion from that source as

the Bank of Canada continued its hawkish stance on its interest

rate cuts.

Among the top borrowers for this quarter were the Coastal

GasLink Pipeline by TC Energy ( TRP ), Canada Housing Trust No.

1, the government of Canada, Pembina Pipeline Corp ( PBA ) and

Telus Corp. ( TU )

On the top M&A deals, Brookfield's C$9.4 billion acquisition

of French alternative energy services company Neoen,

private equity firm Advent's C$8.3 billion buyout of Canadian

payment firm Nuvei Corp ( NVEI ) and Canadian Western Bank's ( CWESF )

acquisition by National Bank of Canada ( NTIOF ) for

C$4.8 billion topped Refinitiv's M&A rankings.

Among the dealmakers, RBC Capital Markets topped the league

table for debt and equity fundraising, while TD Securities came

in a close second in debt fundraising, followed by CIBC World

Markets and the Bank of Nova Scotia ( BNS ).