Comparing Nova Scotia's and Saskatchewan's Exempt Securities Markets
We compare and contrast the markets for prospectus exempt securities in Nova Scotia and Saskatchewan in 2013 and 2014. Exempt securities markets in both provinces have the potential to deliver meaningful alternative sources of financing for small and medium-sized enterprises. We find that Nova Scotia’s exempt market has generated much less capital for small and medium-sized firms than Saskatchewan’s exempt market. Accordingly, Nova Scotia’s small and medium-sized enterprises could benefit from measures to promote and improve the exempt securities market in that province.
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