Pulled IPO cap for Canadian deals year-on-year, show challenges ahead

TORONTO – The cancelation of a second Canadian IPO in as many months this week caps a year of declining operation, reflecting the challenges faced by issuers such as trade instability and the rise of passive investment weighs on new offers.

As it faces headwinds from challenging economic conditions, which are set to keep equity markets cautious, and from the rise of index funds, investors said, the lucrative initial public offe....