Trade war saps Canadian share-sale market despite metals deals

From bnnbloomberg.ca

Volatility from trade tensions with the U.S. kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up. Canada-listed firms raised just US$2 billion in the first quarter, compared to the US$2.9 billion raised during the same period a year ago, data compiled by Bloomberg show. Investment bankers say market gyrations wrought by the U.S.-Canada trade war have made dealmaking difficult. “Whatever thesis you have for making your investment today could be very different from a month, an hour, a year from now,” said Grant Kernaghan, chief executive officer and ... (full story)