Trade war saps Canadian share-sale market despite metals deals [BNN Bloomberg (Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: BNN Bloomberg
Canada-listed firms raised just US$2 billion in the first quarter, compared to the US$2.9 billion raised during the same period a year ago, data compiled by Bloomberg show. Investment bankers say market gyrations wrought by the U.S.-Canada trade war have made dealmaking difficult. “Whatever thesis you have for making your investment today could be very different from a month, an hour, a year from now,” said Grant Kernaghan, chief executive officer and chairman of Citigroup Global Markets Canada Inc. “This is not, for the most part, a positive backdrop just because there's too much volatility.” The cooling market dashed the hopes of some dealmakers who saw green shoots in 2024, including an initial public offering that ended an 18-month dry spell and a steady flow of deals for existing shares. Companies weighing a share sale today believe the price they'll get might fluctuate wildly with every conflicting headline, and that uncertainty also dampens buyer sentiment, Kernaghan sai
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C
Earnings
- 10/15/25 - Miss
C
Sec Filings
- 12/15/25 - Form FWP
- 12/15/25 - Form 424B2
- 12/12/25 - Form 424B2
- C's page on the SEC website