TMX COVID-19 Updates

I am writing today on behalf of TMX to pledge support to all of our issuers during the COVID-19 pandemic as the world comes to terms with this new and unfamiliar business environment. I also want to thank our listed companies for the leadership position so many have taken in helping our communities cope with this unprecedented crisis and to keeping people safe at a most vulnerable time.

Last week I wrote to Finance Minister Bill Morneau urging the Canadian government to consider important amendments to its COVID-19 response package to make all Canadian SMEs, including public companies, eligible for The Canada Emergency Wage Subsidy.

In response to the COVID-19 crisis, the government of Canada has introduced a COVID-19 economic plan in support of Canadian workers and businesses. This is a necessary and timely initiative, and we applaud the government for taking decisive action.

The provinces of Ontario and Quebec today announced the mandatory closure of all "non-essential" businesses, effective 11:59 p.m. on Tuesday, March 24.

TMX Group exchanges Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) today announced temporary blanket relief measures for TSX and TSXV listed issuers during the Coronavirus (COVID-19) pandemic.

TMX Group has donated $50,000 to Food Banks Canada, a national charitable organization dedicated to helping Canadians living with food insecurity, in support of Novel Coronavirus (COVID-19) response efforts across Canada.

TMX is working in close consultation and coordination with our clients, regulators and government representatives to fulfill our core mission in operating Canada's markets.

I am writing to update you on some of the measures TMX has undertaken in response to the Coronavirus (COVID-19) pandemic. While we continue to closely monitor the latest developments, I want to emphasize that as we assess the rapidly evolving situation and work to anticipate the next turn, TMX's number one priority will remain consistent in all our decision-making: the health and safety of our people, our clients and the entire capital markets community.