Today marks the first event in the TSX & TSX Venture Exchange Finance Series, a five city U.S. road show starting in Orange County, California. Each event will highlight the opportunity for U.S. small to medium enterprises (SMEs) to go public in Canada. Many U.S. companies have followed this path; TSX and TSXV are currently home to 175 U.S. listings, including 20 from California.

Our Exchanges provide an excellent financing alternative for U.S. companies. We have a large concentration of capital markets experts focused on TSX and TSX Venture Exchange, which creates a unique two-tier exchange ecosystem for raising capital quickly and efficiently.”

– Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group

Each event will cover topics on how to prepare a company to go-public, how to access capital and future financing options. The Exchanges are also collaborating with leading investment banks, accounting firms and legal advisors to provide an understanding of how the Canadian equity markets can be a growth platform for U.S. businesses. Two expert panels will discuss legal and accounting issues, as well as investment banking considerations. The events will also include one-on-one discussions with campaign partners on cross-border legal, accounting and banking considerations.

The first event in the series will focus on the Clean Technology sector – an important space for the Exchanges. TSX and TSXV are home to more Clean Technology companies than any other exchange in the world and for the fourth consecutive year over $1billion of equity capital was raised by clean technology companies on our markets.

Today’s panel will include capital markets professionals from Dorsey & Whitney, MNP, Norton Rose, PwC, Raymond James and Stifel. Steve Parry, Managing Director of NGEN Partners, will share his perspectives on the current state of the Clean Technology sector and on the options for clean technology companies seeking to raise capital. Tony Stelliga, CEO of Spectra7 Microsystems Inc. (TSXV:SEV), will speak about his experience as an American CEO listing in Canada.

Additional events in the Finance Series include:

• Technology & Mining: September 24, 2013, Denver
• Real Estate & Renewables: October 1, 2013, Chicago
• Energy: November 5, 2013, Dallas
• Energy: November 6, 2013, Houston

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2012 was a record year for the real estate sector on TSX and TSXV. It proved to be one of our most active sectors and this trend has continued in the first quarter of 2013.

Last year, the Exchanges welcomed 13 new real estate listings, bringing the total number of real estate companies to 84 with a combined market capitalization of $75 billion. Over $7.2 billion in equity financing was raised and the sector accounted for over 15% of total IPO issuances.

So far in 2013, over $2.0 billion in equity capital has been raised in the sector and six IPOs were completed. The real estate sector also lays claim to the biggest IPO on TSX in the first quarter: US-based Milestone Apartments REIT (TSX:MST.UN) raised $229 million in early March.

Together, TSX and TSXV form one of the most active exchange groups in the world for the public real estate sector. We’re thrilled to see real estate companies from all over the world looking more closely at their options for listing and raising growth capital in Canada.

For more information about the real estate sector, please visit tmx.com/realestate.

The information provided is not an invitation to purchase securities listed on Toronto Stock Exchange or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced. The information provided is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice.

Filed under: Equity Listings, Equity Trading, Toronto Stock Exchange, TSX Venture Exchange | Leave a Comment »

Our team is in Singapore preparing for tomorrow’s TMX Capital Markets Seminar: “Canada: Revealing the Wealth of Investment Opportunities.” We’re proud to co-host this event with Scotiabank (TSX:BNS), together with the support of The High Commission of Canada in Singapore.

The main objective of the event is to promote business between Singapore and Canada. Earlier this year, Singapore was again ranked 4th in the Global Financial Centres Index, just behind Hong Kong, New York and London. Singapore has become a significant global hub for fund managers and some expect the region will soon hold the largest pool of assets under management in the world. While these assets may pool in Singapore, they will need to be invested in international markets to reach their maximum growth potential.

We’re pleased to be joined in Singapore by several Scotiabank executives, including Vincent Delisle, Managing Director Chief Investment Strategist, Portfolio Strategy Group Scotiabank, Global Equity Research, and Scott Clements, Managing Director Head of Global Equity, Scotiabank Asia Pacific. Scotiabank is one of the top 3 largest banks in Canada and a leading multinational financial services provider with significant interests in Singapore and the Asia Pacific region.

Leading global markets, such as Singapore, are important for Toronto Stock Exchange and TSX Venture Exchange, and also a top priority for customers like Scotiabank. As leading global exchanges, TSX and TSXV are uniquely positioned to support our customers as they seek to grow their businesses globally. Our event in Singapore is a great example of how we can work together to raise awareness of the Canadian capital markets and help attract new trading and investment activity to our marketplace. It’s a tremendous opportunity for all involved.

The information provided is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice.

Scotia Capital Inc., a wholly owned subsidiary of Scotiabank, owns or controls an equity interest in TMX Group Limited and has a nominee director serving on the board thereof. As such, Scotia Capital Inc. may be considered to have an economic interest in the TMX Group Limited.

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On Friday, April 05, 2013 TMX Group Limited and Equity Financial Holdings Inc. announced the completion of the acquisition of Equity’s transfer agent and corporate trust services business by a wholly-owned subsidiary of TMX Group. The business will be named TMX Equity Transfer Services and will be part of TMX Group’s equities business, alongside Toronto Stock Exchange and TSX Venture Exchange.

Our team is thrilled to be welcoming this business to TMX along with their highly skilled and experienced transfer agent and trust team. Together, as TMX Equity Transfer Services, we will work together to enhance the strong foundations built by Equity: Canada’s second largest and fastest growing transfer agency.

TMX Equity Transfer Services will be part of the TSX Company Services portfolio and will complement the other products and services our team offers to companies listed on TSX and TSXV. The portfolio delivers expertise developed from our 160+ years serving public companies and is further strengthened with the addition of the transfer agent and trust team.

The expert support of transfer and trust agents is a vital service to listed companies and our team is pleased to extend TMX’s offering into this realm. TMX Equity Transfer Services is well-positioned to continue to serve issuer and investor requirements including stock transfer, corporate trust services and employee plans.

On behalf of the entire TSX Company Services team, I’d like to extend a warm welcome to our new colleagues. We look forward to working with you in serving the needs of our listed companies.

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Earlier in February, we announced the 2013 TSX Venture 50, a ranking of strong performing companies spanning five industry sectors. Following the official announcement of the 2013 TSX Venture 50, a selection of Canada’s professional investment community was polled by TMX Equicom for their choice of the “Pick of the Street” in each sector.

A short while ago, we were pleased to announce the “Pick of the Street” companies at the Venture 50 Spotlight event in Vancouver. For the first time, we had a tie in one category and as a result, six companies were selected this year.

This year’s “Pick of the Street” companies are:

Clean Technology: EnWave Corporation (ENW)

Diversified Industries: Mosaic Capital Corporation (M)

Diversified Industries: Northwest International Healthcare Properties REIT (MOB.UN)

Mining: Athabasca Minerals Inc. (ABM)

Oil & Gas: Manitok Energy Inc. (MEI)

Technology & Life Sciences: Amaya Gaming Group Inc. (AYA)

Congratulations to each of these companies! Your 2012 performance has been recognized by the professional investment community, including fund managers, analysts, bankers, and retail brokers who were included in our poll.

Click here to download a copy of the 2013 TSX Venture 50 feature published in Canadian Business magazine.

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Canada is home to many innovations of the fast-growing Exchange Traded Fund (ETF) industry and at TSX, we’re thrilled to have ringside seats.

The first ETF-type product in the world was issued on TSX in March 1990. This product, the Toronto 35 Index Participation Units (TIPs), allowed investors to participate in the performance of the TSE 35 Composite Index without having to buy shares in each constituent company. The TIPs were the origin of the ETF structure and one of the more innovative financial products to come to market in years.

The widespread adoption of this investment vehicle in Canada has resulted in ETF assets under management exceeding $56 billion at the end of 2012.

Consider some of the more interesting facts about ETFs in Canada:

• 2012 was a record year with the largest ever annual inflows of C$12 billion.
• Currently, there are over 250 Canadian-domiciled ETFs listed on TSX, whereas several years ago there were less than 50.
• Five years ago, ETF assets were a mere 2% of mutual fund assets in Canada; today, that number has grown to over 6%.
• Canada has the highest penetration of fixed income ETFs in the world.
• In Canada, active ETF assets as a percentage of total assets, at 8%, is the largest in the world.

The rapid growth of the ETF industry in Canada is expected to continue. A recent report by McKinsey & Co. predicts that assets in actively managed ETFs in the U.S. marketplace will explode in the next decade from $10 billion today to $500 billion by 2020.

Beyond being the originator of ETFs, there are several other ETF innovations unique to Canada. One example is the tax advantaged forward structure, which converts income into capital gains or return of capital. Another example is the advisor class units, which offer transparent trailers and allow advisors to choose between fee-based and trailer-based compensation models.

Since the inception of the first ETF, innovation has been a hallmark of this industry with Canada leading the way. In a rapidly evolving environment, the Canadian ETF marketplace is poised to witness even greater innovation and growth.

Visit tmx.com/etf to learn more about ETFs.

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To share some insight into the happenings of the last quarter, an equity markets report was recently published in Canadian Business magazine.

Some of the topics covered include:

• Your exchanges: Standing among the leaders – With uncertainty and investor caution defining the global economy, public companies have found reassurance in Canada’s stability, its strong equity culture and the expertise of this country’s capital market participants.
• Global investment banks seeking new business in Canada – As companies turn to Canada’s equity markets to raise capital, off-shore investment bankers have arrived to compete for their business.
• International Investments, local benefits – Companies listed on TSX and TSXV have invested billions of dollars globally. These investments not only enhance opportunities to add value for shareholders, but also contribute to local economies.
• Welcome Back: HBC goes public, again – Canada’s oldest company returned to the public equity markets last year to finance its operations in an increasingly competitive retail environment. (TSX:HBC)

We are also thrilled to welcome new listings to TSX and TSXV, including newly listed companies, CPCs, exchange traded products and structured products. Welcome to all! Click here to see the complete list.

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

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TMX Group is patron sponsor of this year’s Prospectors and Developers Association of Canada’s (PDAC) International Convention, Trade Show & Investors Exchange, being held from March 3 to 6, 2013.

Each year, TMX Group looks forward to the PDAC Convention and welcoming the international mining community to Toronto. Our exchanges are global leaders in the sector and have a proven system that our issuers benefit from.
-  Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group

TMX Group will be hosting numerous international delegations and speaking at several key financial industry events.  These events include market open ceremonies, seminars, and workshops on listing on Toronto Stock Exchange and TSX Venture Exchange.

Today, TMX Group is hosting a market open ceremony with the Mexico mining delegation.  The Exchanges will also host “TMX Deal Day”, which focuses on accessing capital on the Canadian capital markets for Latin American mining companies.  This event provides companies looking to go public in Canada with an opportunity to meet with members of the legal, investment bank, accounting and financial communications communities.

On Tuesday, March 5, TMX Group will host representatives from PDAC to open the market.  TMX Group will speak at the Brazil-Canada mining breakfast, as well as the Canada-Southern Africa Chamber of Business 14^th Annual Mining Breakfast and MineAfrica’s 11^th Annual Investing in African Mining seminar.

On Wednesday, March 6, TMX Group will host the Australian mining delegation market open ceremony and on Thursday, March 7, the South African mining delegation will open the market.

Toronto Stock Exchange and TSX Venture Exchange are the world’s number one listings venue for mining companies.  As of January 31, 2013, the Exchanges were home to 1,673 mining issuers that have a combined market capitalization of $389 billion.

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TMX and FTSE have announced that we are combining our fixed income index businesses in a new joint venture. FTSE TMX Debt Capital Markets will build on the successful track record of both organisations, combining the strengths of TMX and FTSE to provide innovative fixed income index and analytical products and services.

As a first step in building a world-class global fixed income index business, TMX’s fixed income business, PC-Bond, will be combined with FTSE’s existing international fixed income index business. Once combined, FTSE TMX Debt Capital Markets will be the third largest exchange traded fund (ETF) fixed income index provider globally. The collective indices are used as benchmarks for more than C$1 trillion in fixed income assets.

Combining the power of PC-Bond’s fixed-income capabilities and unique methodology with FTSE, one of the world’s most recognized index brands, will further differentiate our offering and enable more rapid global expansion. We are excited to provide the global financial and capital markets community with a new suite of proven and valuable fixed-income indices and analytics tools. By partnering with FTSE, we will grow the business globally, while continuing to serve our existing Canadian clients with the excellent quality index suite they trust and rely upon.

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When the world’s resource companies look for public equity capital, almost 60% of them seek a listing on Toronto Stock Exchange (TSX) or TSX Venture Exchange (TSXV). Mining companies listed on TSX and TSXV raised more than $10 billion last year, accounting for 70% of the equity capital raised globally in the mining sector. TSX and TSXV support companies at all stages of development, from grassroots explorers to some of the largest mining companies in the world.

To share some sector insight from the perspective of our exchanges, “Strength in Mining” was recently published and distributed in Listed magazine.

Some of the topics covered include:

• Turning streams into profits – the concept of “streaming” is gaining ground and becoming increasingly prevalent in the mining industry.
• Canadian marketplace, global impact – mining companies listed on TSX and TSXV invest their capital in projects throughout the world.
• Investing in resources through exchange traded products (ETPs) – more than 50 resource ETPs are listed on TSX.
• Graduation: the next capital step – companies like PMI Gold Corporation (TSX:PMV) and Rio Alto Mining Limited (TSX:RIO) originally listed on TSXV and grew to graduate to TSX.
• Global mining’s online marketplace – MinesOnline.com showcases a portfolio of resource investment opportunities.

To view the digital edition, click here.

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