The Canadian Securities Administrators, an umbrella organization for provincial securities regulators, is exempting companies from certain paperwork requirements before filing for initial public offerings and giving firms more flexibility to raise capital after going public. The CSA is introducing the measures to support capital formation and help firms go—and stay—public during uncertain economic times, chair Stan Magidson said in a release. (The Logic)
Talking point: As my colleague Aimée Look reported yesterday, companies are delaying their plans to go public amid market volatility caused by the U.S.-led global trade war. There were no new corporate IPOs completed on the Toronto Stock Exchange or the Venture Exchange last quarter, a low of at least five years. In a six-year plan released last year, the Ontario Securities Commission highlighted the tendency of companies to stay private for longer as a risk to investor protection and a threat to the ability of average people to gain exposure to economic growth.