The second quarter of the year has seen corporate finance activity increase substantially as Canadian companies raised a strong $31.1 billion in 157 deals. This is the highest number since the second quarter of 2008 — indicating that the worst of the economic downturn is indeed over and capital markets are gradually recovering. And front and centre in this activity was Borden Ladner Gervais LLP (BLG) acting for the issuer in the largest debt deal last quarter, the $1.7 billion financing by Husky Energy Inc.