Canada’s shrinking stock market: causes and implications for future economic growth

Executive Summary / i

1. Introduction / 1

2. Public Equity Markets in Advanced Economies / 2

3. Global Stock Market Trends / 6

4. Canadian Stock Market Trends / 9

5. Factors Driving Canada’s Shrinking Stock Market / 16

6. Policy Directions and Recommendations  / 24

7. Conclusion  / 32

References / 33

About the Authors / 41

Acknowledgments / 41

Publishing Information / 42

About the Fraser Institute / 43

Editorial Advisory Board / 44