According to insights from ATB Capital Markets, Canadian small-cap innovation stocks are poised for significant growth, presenting a potential opportunity for investors seeking alternatives to the dominant large-cap tech shares. Martin Toner, the director of institutional research, growth, and innovation at ATB, recently highlighted in a discussion with BNN Bloomberg the potential shift in investor focus towards smaller companies.
Despite the unusual trend in 2023 where large-cap stocks continued to outperform following the market correction in 2022, Toner anticipates a change, expecting economic conditions to stabilize. This would lead investors to explore small-cap names for better returns, particularly in the booming tech sector.
Toner’s top recommendations for investors looking at the Canadian small-cap innovation market include Real Matters (TSXV: REAL), Docebo (TSXV: DCBO), and Galaxy Digital (TSXV: GLXY). He clarified that neither he nor his associates hold any shares in these companies, and they are not investment banking clients of his firm.
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