Market Outlook: Canada’s IPOs stir as investors look past weak jobs
BNN Bloomberg
Canada’s jobs data missed expectations, but full-time gains and renewed IPO activity point to resilience in equities and a potential small-cap recovery.
BNN Bloomberg spoke with Kelsey Keane, director of equity capital markets at National Bank of Canada, about how investors are interpreting the jobs data, expectations for Bank of Canada policy, recent sector rotation on the TSX and what a strengthening IPO pipeline could mean for Canada’s small-cap universe.
Read the full transcript below:
LINDSAY: Welcome back. As we continue to digest Canada’s latest jobs data, let’s get an investor reaction to those numbers. We’re joined now by Kelsey Keane, director of equity capital markets at National Bank of Canada, joining us in studio. It’s good to have you in. Thanks so much.
KELSEY: Pleasure to be here.
LINDSAY: As you heard earlier, Travis O’Rourke was talking about how these numbers can be read in different ways, depending on whether you focus on the positives or the negatives. What are you looking at? What’s your takeaway?
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