The Globe and Mail reports in its Tuesday, Sept. 2, edition that Canada is experiencing a negative selection bias in its public markets. The Globe's guest columnist Darcy Morris writes that the best companies are being acquired or taken private, while the ones left behind are often lower quality, undercapitalized or facing structural challenges. Guardian Capital joins a growing list of high-quality Canadian companies disappearing from public markets: Canadian Western Bank, Heroux-Devtek, Copperleaf, Sleep Country, Softchoice, First National, Andlauer and Parkland, to name a few. These are not struggling businesses; they are resilient, innovative Canadian companies. Take Parkland, a diversified fuel retailer in Calgary, which was acquired by Sunoco in May, 2025. Even with Sunoco's commitment to preserve Canadian jobs and operations, the message was clear: Capital finds more attractive terms and support outside Canada. Meanwhile, promising private businesses are delaying or avoiding IPOs, opting instead for private equity or U.S. listings where valuations and liquidity are better. Public markets are supposed to be a mechanism for shared prosperity and price discovery -- not a clearance aisle for whatever is left behind.