The Globe and Mail reports in its Wednesday edition that TMX Group expects a big increase in stock market listings heading into 2026, supported by a strong pipeline of companies that plan to access the capital markets in the upcoming months, according to executives at the firm. A Reuters dispatch to The Globe reports that Canadian initial public offering activity has been subdued this year compared with the U.S. market for stock-market launches, which is witnessing its best year since 2021. One of the reasons for the slowdown has been President Donald Trump's tariffs on imports from Canada, say capital market experts. However, the recent $704-million (Canadian) Toronto initial public offering of Brookfield-backed energy firm Rockpoint Gas Storage has raised hopes of a meaningful pickup in listings. IPOs in the U.S. have raised about $30-billion (U.S.) this year, up nearly 13 per cent from last year. TMX chief John McKenzie says: "The U.S. generally always leads the IPO market in terms of liquidity. As we see deals get done in the U.S. and get priced well, that's giving the same conditions in the Canadian markets. We are seeing deals come to market and we're seeing a deep pipeline of deals that can come later."