In the last three years, the estimated dollar value of financing in public and private markets for listed small businesses has fallen by half, to just over $1 billion a year. Equity financing for private small companies through the venture capital markets has increased steadily in this recent three-year period but is still averaging just over $2 billion a year. The domestic venture capital funds are an important, albeit relatively modest, source of equity capital for small business, reaching overall annual funding of about $1 billion a year, slightly less than U.S. venture capital investments in … Continue reading
Tag Archives: IIAC Pre-Budget Submission
In its pre-budget submission, the IIAC stressed that well-managed government finances are the cornerstone of business and consumer confidence, and are critical to robust private sector investment spending and overall economic growth. Reining in spending and improving efficiencies in government activities are key to eliminating deficits and regaining the fiscal flexibility to tackle areas that are crucial to Canada’s long-term competitiveness.
By harnessing the available capital and expertise of the private sector, based on a “P3” financing model, the government could tap into the large pool of available private capital, thereby reducing the need to rely … Continue reading
The Investment industry Association of Canada (IIAC)’s pre-budget submission is now available online.
In its submission, the IIAC commended the federal government for its efforts to balance the books, improve the business tax landscape and make it more attractive for Canadians to save in TFSAs and RRIFs.
At the same time, the IIAC noted that weak global economic conditions and depressed energy prices have placed a stranglehold on economic growth. The pullback in investment in the energy sector will reverberate across Canada. Also of concern is the fact that non-energy exports remain depressed, even after the Canadian dollar’s … Continue reading