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Definition: Canada’s New Stock Exchange (CNQ)
Canada’s New Stock Exchange is an exchange that is focused on listing micro-cap and emerging companies in Canada. The aim of this exchange is to encourage the investors to invest in new ideas and also promote entrepreneurship among the citizens.
The exchange benefits by easier listing norms, less entry barriers and simple reporting requirements. It is a way to encourage small firms to get listed and help them expand too. This ensure liquidity in the micro-cap category.
It is encourage new companies and also give an opportunity to investors to develop confidence in new emerging companies.