Canada is LMM

In Canada there is no such thing as true “middle-market” investment banks. Mid-market in Canada is business brokerage bucket shops. In the US, Baird, and Truist are Mid-Markets. In Canada, firepower is called a “Mid-Market” but it’s a business brokerage bucket shop.

What is actually mid market in Canada? I’d put the big five there but they’re actually LMM. $100-300M are deals that you’d see at LMM boutiques in the US not here. This is not a good thing.

Canada is LMM.

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11 Comments
 

listen up you unencumbered fool, you better hope that when you say "LMM" you actually mean "legendary maximum market"

 

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