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TMX POV

Canadian markets are experiencing the biggest tech IPO window in Canadian history with investor appetite for quality new technology companies on TSX and TSX Venture Exchange at an all-time high. Year to date (as of Oct. 31, 2020), technology companies on our exchanges have raised a record $6.53 billion.

The evidence is in: ESG (Environmental, Social and Governance) or sustainable investing is not a fad! In just the past few years, we’ve seen ESG investing emerge from a niche investment approach to something approaching mainstream for both institutional and retail investors.

On March 9, 2020, Toronto Stock Exchange (TSX) hosted a 30th anniversary celebration for the first exchange traded fund (ETF) listed in the world. At that time, the global COVID-19 pandemic was looming and markets were teetering on the edge of melting down. Outside of the nervous giggles as we tried to avoid handshakes, it was an exciting moment not only for the Canadian ETF industry but for the ETF industry globally.

New ESG indices join the suite of S&P/TSX indices that measure the market through many lenses, based on investor needs

In June 2020, Montréal Exchange (MX) announced the launch of CORRA Futures, a three-month futures contract based on the Canadian Overnight Repo Rate Average (CORRA) benchmark. The launch of CORRA Futures was a collaborative effort between MX and the Bank of Canada to position Canada as a leader in the global transformation from IBOR-based to transaction-based reference rate benchmarks.

The “family business” – the oldest and most common model of business organization – often conjures up images of small mom-and-pop operations that are locally focused and where siblings quarrel over who will take over the company. However, this depiction is a far cry from the reality of the many family-controlled companies on our exchanges that are stimulating the growth of the Canadian economy and fueling entrepreneurship.

By now, it’s likely that you’ve come across an article or headline with the word “SPAC” in it. From Bill Ackman, the American investor and hedge fund manager, who launched a $4 billion “blank check” company, to the owner of the Golden State Warriors, Chamath Palihapitiya, who just filed three new SPAC vehicles with the SEC in September of this year (TechCrunch).

Even though much of the world continues to grapple with the fallout from the COVID-19 pandemic, the technology-driven disruption of many industries has continued unabated. In fact, the massive change created by working from home and social distancing has arguably accelerated digital transformation, pushing companies to look at technology investments to both serve customers better and improve the employee experience.

According to a new World Bank Group report published on May 11th, Minerals for Climate Change: The Mineral Intensity of the Clean Energy Transition, the production of minerals, such as graphite, lithium and cobalt could increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies.

37.8%. That was the return on the S&P/TSX Capped Information Technology Index ("TSX Tech Index") for the first six months of 2020. This comes after a return of 61.7% for the entirety of 2019.

For the past several years, the Canadian Oil and Gas Industry (O&G Industry) has been beset by a myriad of structural, financial and commodity pricing issues that have seriously eroded investor interest, both domestic and international.

Capital markets, especially in Canada, tend to be momentum driven. There is a robust market actively investing public venture capital in earlier-stage and emerging growth industries; whether it's AI, blockchain, or cannabis, we've seen this trend take place over and over again. Now, unsurprisingly, we are seeing the rise in interest for backing telehealth companies - a space that is getting much deserved attention.

Watching new technologies evolve is one of the most rewarding parts of working at the intersection of capital investment and entrepreneurs.

TMX salutes companies stepping up to help across our communities.

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.

This year marks the 50th anniversary of Earth Day; a movement born out of necessity to bring attention to society's treatment of our planet.

During this unprecedented time while the world deals with the COVID-19 pandemic, people are looking at all options available to avoid unnecessary contact with each other to help stem the spread of the virus.

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.

Two years ago the global mining sector started a slow climb out of a historically long downcycle. Plagued by historic volatility and uncertainty brought on by successive global crises, the sector’s recovery has been inconsistent at best — yet market optimism remains persistent.

TSX and TSX Venture Exchange (TSXV) have seen tremendous growth in terms of companies utilizing the public markets to help support their growth. The total market cap of Alberta-based innovation companies has nearly doubled over the last five years on TSX & TSXV, for a current total of $10 billion.

Chicago is home to ten of the Fortune 500 companies (the Midwest is home to a third of them), and the second-largest central business district in the United States. Of course, we all know Chicago is home to the legendary Bulls team that won six titles, but there’s something that makes this city and the region at large special – something deeper than its astonishingly good deep-dish pizza.