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Canadian companies flocking to U.S. OTC market

A cheaper and easier way to reach U.S. investors is drawing hundreds of Canadian companies to a U.S. market that avoids onerous American disclosure requirements.

In the past year, about 60 Canadian companies have joined trading on OTC Markets Group Inc.’s OTCQX market for international companies, OTC Chief Executive Officer Cromwell Coulson said on a recent swing through Canada.