The Maple Markets — Canadian markets, global perspective

A Canadian Company Can Watch Its Shares Fall All Week and Owe the Market Nothing at All

Canadian issuers must announce a material change immediately and file the report within 10 days. They are not required to publish every material fact, and they are not required to explain a share price. That single distinction explains most of the weeks when a Canadian small cap moves and SEDAR+ stays empty. Here is what the rules actually oblige, what the exchanges do when the price moves first, which filings arrive from someone other than the company, and the calendar that governs a quiet month.