Canada Needs IPOs to Reverse a Shrinking Number of Stocks
Market Intelligence Analysis
AI-PoweredCanada's stock market is experiencing a decline in the number of listed companies, with delistings and private takeovers outpacing initial public offerings (IPOs), posing a concern for market health.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Delistings and companies taken private continue to outpace IPOs on the Toronto Stock Exchange and the junior TSX Venture Exchange, a stark contrast to the benchmark S&P/TSX Composite Index’s 27% increase. The number of corporate issuers on the TSX has fallen 45% since 2008 to 678 as of the end of the third quarter, data from exchange operator TMX Group show. “The fact that the market has hollowed out a little bit is, I think, a concern,” said Dan Nowlan, vice chairman and managing director of equity capital markets, corporate and investment banking at National Bank Capital Markets.
Analysis and insights provided by AnalystMarkets AI.