Richard Carleton, CEO of the Canadian Securities Exchange (CSE), spoke to the Investing News Network about the trends he saw in 2023 and shared his thoughts on the year ahead for the Canadian markets.
He honed in on challenges facing resource sector juniors, saying that while companies with good projects and good management are attracting capital, they aren’t seeing a lot of attention from retail investors.
Will retail investors return in 2024? Carleton said lower interest rates would help, as would higher commodities prices.
“I think the catalyst, or one of the significant catalysts, will be … signals from the central banks — Canada, the US — that interest rate policy is going to soften,” he commented. “And I think you saw that even just in the last couple of weeks with the larger-cap parts of the markets where the Fed basically said, ‘Okay, we’ve probably hit the peak.'”
The CSE is also home to cannabis and tech companies, and…
