Income trust tax slowed Canada's IPO pace in 2007

OTTAWA -- The value of Canadian initial public offerings was down substantially last year despite a fourth-quarter surge, PricewaterhouseCoopers said in a report Monday.

"The environment in 2007 was anything but predictable and stable," Ross Sinclair, national leader of PricewaterhouseCoopers' IPO and income-trust services, said in a statement "The impact of the loss of income trusts in the market was felt most of the year, as potential issuers tried to chart a course for the future." More...

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Canada's 2007 IPO market worst in years - survey

TORONTO, Jan 7 (Reuters) - Canada's market for initial public offerings had its worst year in 2007 in six years, amid volatility in the stock market and the continued impact of changes to income trusts, a survey showed on Monday. More...