John McKenzie, who oversees the Toronto Stock Exchange and the TSX Venture Exchange, told The Logic that politics will be “disruptive” next year. But looking past Donald Trump’s tariff threats and former finance minister Chrystia Freeland’s shock resignation, there’s the possibility  for “a lot of activity in North America, a lot of investment potential,” he said. (The Logic)

Talking Point: McKenzie discussed Freeland’s announcement last week that publicly traded companies would qualify for tax breaks on research and development, a change that could encourage more technology-oriented companies to go public. McKenzie was hopeful the new measure would survive Freeland’s departure. He was also optimistic that the dam blocking initial public offerings could soon break. Groupe Dynamite’s market debut last month could pave the way for others, and falling interest rates could spur investors to start chasing higher yields in public markets. “Our team has been in discussion with lots of firms about potential capital raising,” McKenzie said.