Essentials for Great Canadian Companies at Your Fingertips

TSX and TSXV launched TSX IgniteTM earlier this year – a national program designed to help Canadian companies grow and develop, with a primary focus on small and medium-sized enterprises (SMEs).

The program provides companies and entrepreneurs – at all stages of growth and from all sectors, both private and public – with tools and resources to help them reach their full potential. TSX and TSXV worked with leading experts and advisors from across Canada to assemble information and best practices. Over 20 Canadian law firms, accounting firms and investment banks collaborated to provide input and content on all aspects of the program.

TSX Ignite consists of two main components:

  • Live events held in seven cities across the country to provide free information relevant to a company’s growth plans, including tips on raising capital and factors to consider when growing a company and hiring advisors. Three live events have been held so far this year, kicking off in Toronto last April. More than 530 entrepreneurs, managers and owners of SMEs have registered to attend to date, with the next event scheduled in Halifax on September 16th.
  • The website, tsxignite.com, is home to the program’s Learning Channel and other resources. Canadian entrepreneurs can participate in online courses and gather expertise in 60-second videos from high-profile Canadian business leaders.

The Learning Channel consists of four online courses: Attracting Investors; Why Governance Matters; Best Practices for Financial Controls and Growth; and Acquisitions for Growth. These webinars feature leading figures in the Canadian business landscape that provide their insight on how to build and grow great companies.

Entrepreneurs are pioneers that like to create their own destiny. Yet seeking business advice from seasoned experts is important to any business owner, whether they are just starting up or well established. Through the Learning Channel, we have assembled what we think is useful expert information that will prove beneficial to any ambitious entrepreneur.

To learn more, please visit tsxignite.com.

 


CSCS’ 2014 Excellence in Governance Awards Winners Announced

The Canadian Society of Corporate Secretaries (CSCS) recently announced the winners of the 2014 Excellence in Governance Awards, which were presented as part of the opening gala of the CSCS’ 16th Annual Corporate Governance Conference in Banff, Alberta last month.

As the Canadian business landscape has shifted over the years, public, private and non-profit companies are paying greater attention to the way they conduct business and their social responsibilities as corporate citizens. Now in their second year, the awards celebrate the many contributions that Canada’s top governance professionals made – and continue to make – to their organizations and, by extension, the country’s economy and capital markets by implementing, among other things, effective governance, risk and compliance practices. Organizations with effective governance processes are also recognized and celebrated.

TMX Equity Transfer Services, a division of TSX Company Services, was pleased to sponsor and present the first award of the evening, which was given to a Canadian company that was deemed to have the best sustainability, ethics and environmental governance program. Entrants were judged on the quality, consistency, robustness and clarity of corporate social responsibility programs and reporting. This year’s winner in this category was ATB Financial.

The 2014 Excellence in Governance Award winners were selected by a jury panel selected by the CSCS and composed of ten seasoned and well-respected governance experts from across Canada, having each contributed in significant ways to corporate governance and strategic leadership in their respective organizations.

Click here for the full list of this year’s Excellence in Governance Awards winners.


Batter up! TMX Group CEO Throws Opening Pitch

Tom Kloet, Chief Executive Officer, TMX Group, took to the hill yesterday to throw the ceremonial first pitch at the Toronto Blue Jays game. Tom is a big fan of America’s pastime, and was thrilled to open things up ahead of a riveting game against American League East rival, the Boston Red Sox.

A commanding presence on the mound, over 140 TMX Group employees were among more than 25,000 fans to witness Tom’s perfect knee-high strike.

Tom (middle) with Ace (left) and Toronto Blue Jays pitcher, Mark Buehrle (right)


Canadian Innovation Sector on the Upswing

Earlier this month, our resident technology expert, Michael Kousaie, Head, Business Development (Technology) at Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), contributed a spotlight article about the innovation sector* to TechVibes, Canada’s leading technology news property. The editorial titled “Technology Resurgence on Canadian Public Markets Gives Companies New Funding Options” takes a close look at the state of (and outlook for) technology and innovation companies listed on TSX and TSXV, as well as the innovation sector’s performance so far in 2014.

Below is a brief selection from the article:

Some of the world’s most exciting technology and innovation companies are being founded, built, and funded in Canada—and investors from around the world are taking notice. These investors, though, aren’t just venture capitalists. As companies with an impressive depth of talent and dynamism turn to public markets to help them achieve their growth plans, demand is growing among public investors seeking to diversify their investments beyond typically dominant sectors such as mining and oil.

Click here to read the editorial in full.


*The innovation sector is comprised of the technology, clean technology, renewable energy, and life sciences sectors.

Monthly Insight into Your Exchange

We operate in a fast-paced, ever changing environment. No matter what business you are in, the simple fact remains that staying current is not only important – it is necessary. Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV)’s Market Intelligence Group (MiG) provides detailed market information through a monthly publication called The MiG Report. The Report provides year-to-date data on listings, equity financings and trading activity across TSX and TSXV, broken down by sector and region. With both monthly and full-year data reports going back to 2008, the MiG Report helps listed companies, analysts and other market participants get a full view of activity taking place on Canada’s capital markets.

Listed below are some of the statistics available through the MiG Report:

  • Year-to-date going public activity and new listings, both domestic and international
  • Equity capital raised by sector on TSX and TSXV
  • Comparison of major index performance
  • Trading volumes by sector on TSX and TSXV
  • Top 10 financings on both equities markets for the month and year-to-date
  • Sector snapshots

The MiG team also provides detailed lists of all listed companies on TSX and TSXV, including international and dual-listed companies, as well as up-to-date records of year-to-date new listings and a report of Capital Pool Companies (CPC) that have not announced their Qualifying Transactions.

Click here to view the latest MiG Report (June 2014) and other lists. If you would like to have the MiG Report delivered directly to your inbox each month, please register here: http://www.tmx.com/en/mig/register.html


Celebrate A Company Milestone with a Market Open Ceremony

Whether a company is celebrating a new listing on Toronto Stock Exchange (TSX) or TSX Venture Exchange (TSXV) or a subsequent corporate milestone, we are delighted to host their Market Open Ceremony* at the TMX Broadcast Centre in the heart of Toronto’s financial district.

Listing on TSX or TSXV is one of the most exciting days in a businesses’ growth for both staff and shareholders. To mark the occasion, we invite new listings to ‘Open the Market’ with Canada’s capital markets as their backdrop. In addition, if a company is issuing a new ETF, celebrating a corporate milestone, or a notable anniversary, the Market Open Ceremony can be an excellent opportunity to celebrate recent successes.

Calgary-based Prairie Sky Royalty Ltd. (TSX:PSK), for instance, celebrated their initial public offering (IPO) on TSX in May 2014 with a Market Open Ceremony. At nearly $1.5 billion, Prairie Sky’s IPO was the second-largest public offering in the history of the exchange. The company’s President and CEO joined Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group, and Tom Kloet, CEO, TMX Group, to open the market to celebrate their listing on TSX.

WestJet Airlines Ltd. (TSX:WJA) celebrated an important corporate milestone with a Market Open Ceremony. The company first listed on TSX in 1999 and marked the 15thanniversary of being a publicly listed company with a market open. WestJet also held their annual general meeting (AGM) in the TMX Gallery on the same day, the company’s first AGM outside of Calgary.

Traditional and Social Media Coverage

Media can be invited to attend the ceremony and our fully-equipped, state-of-the-art TMX Broadcast Studio can be made available for media interviews. Following a Market Open Ceremony, the TMX Broadcast Studio can be used to launch a media campaign to raise a company’s profile in the investment community.

Market Open Ceremonies are featured on business news, such as the Business News Network, and showcased on TMX Group websites including TMXmoney.com, Canada’s trusted financial portal with over one million visitors each month to gather timely information about North American capital markets.


Market Open Ceremony is subject to availability and approval.

Celebrating the 2014 TMX Charity Golf Classic

Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) yesterday hosted the 3rd Annual TMX Charity Golf Classic in beautiful Vancouver, British Columbia. Held at the University Golf Club, the event brought together more than 140 securities industry participants to network, socialize and – just as importantly – help raise funds for charity.

After two successful years, the TMX Charity Golf Classic has raised almost $200,000 to support Learning Disabilities Association of Vancouver, Canadian National Institute for the Blind (CNIB) and Room to Read. Proceeds from this year’s tournament will once again go to these organizations.

Now in its third year, we are pleased to once again be hosting the TMX Charity Golf Classic. It’s a great event that brings together friends and clients of TMX Group to participate in a fun day of golf and activities, while supporting worthwhile causes in our community and beyond.
– John McCoach, President, TSX Venture Exchange

TSX and TSXV would like to thank all of our sponsors, capital market partners, prize donors and participants for making the tournament an overwhelming success. It was a terrific day of golf and supporting our community, and we look forward to another successful tournament next year.


Thank you to the nearly 40 sponsors who helped make this possible. This year’s sponsors include Blake, Cassels & Graydon LLP (Blakes), TSX, and TSXV (Diamond sponsor); Adventus Realty Services Inc., Boughton Law Corporation, Cassels Brock & Blackwell LLP, Chase Management Ltd., MNP LLP, Orca Gold Inc., and Western Potash Corp. (Platinum sponsors); Cannacord Genuity Corp., DuMoulin Black LLP, Fiore, Haywood Securities Inc., Laughing Stock Vineyards, New Gold Inc., RBC Foundation, and Varshney Capital Corp. (Gold sponsors); Fasken Martineau DuMoulin LLP and Sangra Moller LLP (Hole in One sponsors); Kreller Group, Lawson Lundell LLP, McMillan LLP, Morton Law LLP, Office Team (a Robert Half Company), and Raymond James Ltd. (Silver sponsors); and Ernst & Young LLP, MicroAge, and Starcore International Mines Ltd. (Bronze sponsors).

Click here to see a complete list of this year’s sponsors.

New TSX Company Services Manual Available Now

Companies listed on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have unique needs. Public companies need to understand the intricacies of Canadian equities markets and corporate governance matters, to reach shareholders and the investment community effectively while continuing to learn and remain compliant with the evolving marketplace.

The TSX Company Services portfolio supports the growth of TSX and TSXV-listed companies at any stage in their development. With over 160 years serving public companies, the exchanges offer a suite of products and services that are designed to support your business. TSX Company Services helps public companies understand your stock’s trading activity on our equities marketplaces; target the investment community to better understand your business environment; connect with current or potential investors to grow your business; learn about your marketplace to keep apprised of developments in a fast-changing landscape; and receive information and services to help you navigate complex transactions, policies and regulations that public companies face. Learn more about the tools and services available to your business by reading the new TSX Company Services Manual.

In all we do, our team is focused on supporting a vibrant marketplace for your company’s public listing. The TSX Company Services team is committed to providing value by bringing greater awareness to listed companies and the marketplace, helping maintain the integrity of TSX and TSXV, and delivering a suite of products and services designed to meet your company’s needs as they evolve.

Learn more at tsxcompanyservices.com


Equity Markets Report: Update from TSX and TSXV

Today, a Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) sponsored equity markets report was published in Canadian Business magazine and online. The report provides fresh insight into activity on TSX and TSXV during the latter part of last year and during the first quarter of 2014.

Some of the topics covered in the report include:

  • Private equity finds an exit through TSX and TSXV – With the recent strength in the equity market, private equity (PE) firms have been increasingly looking to Canada’s leading public equities markets to monetize their holdings.
  • Domestic market, global focus – Several companies have set their sights on TSX and TSXV to raise all-important equity capital to help achieve their business goals, both in Canada and around the world. DIRTT Environmental Solutions Ltd. (TSX:DRT) and Lumenpulse Inc. (TSX:LMP) are two examples.
  • Using options as investment tools – Some investors may not realize that derivatives products, such as options, have a variety of applications. Although not without risks, investors can use options to potentially optimize returns on capital, for example, and to help protect their assets from volatility that has become commonplace in the global economy.
  • TSX Ignite: Essentials for great Canadian companiesTSX IgniteTM is a new program designed to help Canadian companies grow and develop, with a primary focus on small- and medium-sized enterprises (SMEs). The program provides companies and entrepreneurs – at all stages of growth and from all sectors – with tools and resources to help them reach their full business potential.

We are also thrilled to welcome new listings to TSX and TSXV, including newly listed companies, Capital Pool Companies (CPCs), exchange traded products and structured products. A warm welcome to all newcomers! Click here to see the complete list.

To view these articles and others, visit canadianbusiness.com/exchange.


Celebrating the 2014-2015 Canadian Derivatives Exchange Scholars

Each year, the Montréal Exchange (MX) awards scholarships to support graduate and post-graduate students enrolled in Canadian-based universities who undertake research projects related to derivatives, financial risk management or another subject related to MX operations.

Launched in February 2012, the Canadian Derivatives Exchange Scholars Program is awarded to students whose projects are evaluated by a panel of five judges, based on a set of criteria such as originality and innovation. This is the first academic year for which we doubled the number of scholarships available, as well as awarding them to students outside of the province of Québec. Listed below are this year’s recipients.

Two graduate students have been awarded scholarships of $15,000 for the 2014-2015 program year:

  • Florian Piermattei, M.Sc. student in finance at HEC Montréal. The topic of his research project is the introduction on the Canadian market of a volatility index on interest rate products.
  • Denis-Alexandre Trottier, M.Sc. student in financial engineering at Université Laval. The topic of his research project is the counterparty credit risk in catastrophe bonds.

Two post-graduate students have been awarded scholarships of $20,000 for the 2014-2015 program year:

  • Yaovi Gassesse Siliadin, Ph.D. student in financial engineering at HEC Montréal. The topic of his research project is the heterogeneity of credit rating categories and the credit spread puzzle.
  • Shengzhe Tang, Ph.D. student in finance at University of Toronto. The topic of his research project is liquidity and market making cost dynamics in the equity option market.

Congratulations to these students! We wish them well as they complete their academic research projects in the forthcoming academic years.