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Since the start of the year, Canadian companies traded on the stock market have seen an 11 percent increase in their market value, reaching $3.22 trillion.
The British stock market, which was once one of the top global markets, now lags behind the US, China, Japan, Hong Kong, and India. France was also ahead last year, but the UK became Europe's largest stock market again this year because of the complicated political situation in the neighboring country.
Over the last ten years, Canadian businesses have grown their market value by approximately $1 trillion, while British businesses have seen a corresponding decrease in their market value.
Brian Madden, who leads First Avenue Investment Counsel, credits the UK's departure from the European Union for the varied dynamics. Furthermore, the primary British stock market index FTSE 100 has a minimal representation of the tech industry, standing at just 1% as opposed to Canada's 8.4%. Technology companies make up approximately 30% of the U.S. stock index S&P 500.
Bloomberg reports that there have been no IPOs in Canada since 2022. Nevertheless, during that same timeframe, 51 companies have been attracted by the Toronto Stock Exchange from rival trading platforms.
source: bloomberg.com
The British stock market, which was once one of the top global markets, now lags behind the US, China, Japan, Hong Kong, and India. France was also ahead last year, but the UK became Europe's largest stock market again this year because of the complicated political situation in the neighboring country.
Over the last ten years, Canadian businesses have grown their market value by approximately $1 trillion, while British businesses have seen a corresponding decrease in their market value.
Brian Madden, who leads First Avenue Investment Counsel, credits the UK's departure from the European Union for the varied dynamics. Furthermore, the primary British stock market index FTSE 100 has a minimal representation of the tech industry, standing at just 1% as opposed to Canada's 8.4%. Technology companies make up approximately 30% of the U.S. stock index S&P 500.
Bloomberg reports that there have been no IPOs in Canada since 2022. Nevertheless, during that same timeframe, 51 companies have been attracted by the Toronto Stock Exchange from rival trading platforms.
source: bloomberg.com