94 Percent Fall in New Public Stock Listings in Canada Shows ‘Economic Stagnation’: Report

A man walks past a Toronto Stock Exchange (TSX) sign in Toronto in a file photo. Reuters/Mark Blinch

The number of public companies being newly listed on Canada’s stock exchange has fallen by 94 percent since 2008, which a new Fraser Institute report says reflects a poor business climate for the country.

“We believe Canada’s economy will suffer if the country’s stock markets remain on the current path leading to a progressively smaller place in the financial system,” the Dec. 18 report said.