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Nov 17, 2011

Canada’s TMX deal to run gauntlet of public scrutiny

TORONTO, Nov 17 (Reuters) – A consortium that wants to buy
Canada’s largest stock market operator will embark next week on
its public campaign to persuade regulators the C$3.8 billion
($3.7 billion) deal is good for the country’s capital markets.

In a series of hearings, Maple Group’s plan to buy TMX
Group , owner of the Toronto Stock Exchange, will come
under the scrutiny of the powerful securities commissions of
Quebec and Ontario as well as two other provincial watchdogs.

Nov 14, 2011

Exchange operator TMX opens doors in China

TORONTO, Nov 14 (Reuters) – TMX Group , the owner of
Canada’s main stock exchange, is opening an office in Beijing
in a bid to attract more Chinese listings and further bolster
its standing as one of the world’s top resource hubs.

TMX, which is awaiting regulatory approval of a C$3.8
billion takeover by Maple Group Acquisition Corp, said on
Monday it opened a representative office in the Chinese capital
city, staffed by two people.

Nov 8, 2011

TMX leaves investors wanting even as profit jumps

TORONTO, Nov 8 (Reuters) – The company that operates the
Toronto Stock Exchange said on Tuesday quarterly profit rose
more than expected, but it shed little light on whether its
proposed C$3.8 billion takeover was moving closer to approval.

TMX Group, whose properties include the TSX Venture
Exchange for small-cap stocks and the Montreal Exchange for
derivatives, reported a 21 percent jump in third-quarter
profit. Revenue rose 15 percent, boosted by derivatives trading
and clearing, as well as issuer services.

Dec 15, 2010

Canada watchdog rejects Alpha “internalization” bid

TORONTO, Dec 15 (Reuters) – Canada’s major securities
watchdog has rejected a plan by the country’s biggest
alternative trading system, Alpha ATS, to launch a “dark
liquidity” facility that would allow dealers to match trades
within their own walls.

In a notice published on Tuesday, the Ontario Securities
Commission said Alpha’s so-called IntraSpread facility, as
originally proposed, is inconsistent with trading rules that
ensure fair access for market players.

Dec 15, 2010

Omega ATS to offer Canadian fixed income trading

TORONTO, Dec 15 (Reuters) – Canadian alternative stock
trading system Omega ATS said on Wednesday it will trade
fixed-income products on its electronic platform to provide
more access to a cloudy market.

Omega, among the smallest of Canada’s alternative trading
systems, said it will be the first marketplace to provide “open
access” to trade the most liquid fixed-income securities in the
country.

Dec 8, 2010

Canada stocks seen higher as global recovery gains: Reuters poll

TORONTO (Reuters) – Canada’s main stock index is expected to see-saw higher next year as loose U.S. monetary policy and steady global growth entice investors to the resource-heavy market, a Reuters poll found.

The Toronto Stock Exchange’s S&P/TSX composite index was seen ending 2011 at 14,000, according to the median forecast of 26 analysts and fund managers in a poll taken over the past week.

Dec 7, 2010

Scotia sees 2011 gains for C$, Toronto stocks

TORONTO, Dec 7 (Reuters) – Canada’s dollar will grind
higher against the greenback in 2011 and 2012, boosted by
demand for commodities and interest rates higher than those
found in the United States, Scotiabank predicted on Tuesday.

The country’s main stock market index .GSPTSE is also
likely to rise more than 5 percent from current levels by the
end of next year as the economy recovers further, the bank said
in an economic and market outlook.

Dec 6, 2010

Canada Ivey, building data show subdued recovery

TORONTO/OTTAWA, Dec 6 (Reuters) – Canadian purchasing
activity ticked higher in November and the cooling housing
market dragged down the value of October building permits as
the economic recovery advanced but at a subdued pace.

The Ivey Purchasing Managers Index showed on Monday a rise
to 57.5 in November from 56.7 in October. This was just above
the market forecast of 56. ECONCA

Dec 3, 2010

TSX posts slight gain despite RBC results

TORONTO, Dec 3 (Reuters) – Toronto’s main stock index rose
for a fifth straight session on Friday as a weak U.S. dollar
pushed up commodity prices, but soft quarterly results from
Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) crimped the gain.

Gold-mining stocks were among the big risers. Barrick Gold
(ABX.TO: Quote, Profile, Research, Stock Buzz) rose 1.2 percent to C$54.22, while Kinross Gold (K.TO: Quote, Profile, Research, Stock Buzz)
rallied 3 percent to C$18.79 as gold prices jumped to above
$1,400 an ounce as weak U.S. jobs data cast doubt on the
strength of the economic recovery. [GOL/]

Dec 3, 2010

TSX overcomes RBC results, posts slight gain

TORONTO, Dec 3 (Reuters) – Toronto’s main stock index rose
for a fifth straight session on Friday as a weak U.S. dollar
pushed up commodity prices, but soft quarterly results from
Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) crimped the gain.

Gold-mining stocks were among the big risers. Barrick Gold
(ABX.TO: Quote, Profile, Research, Stock Buzz) rose 1.2 percent to C$54.22, while Kinross Gold (K.TO: Quote, Profile, Research, Stock Buzz)
rallied 3 percent to C$18.79 as gold prices jumped to above
$1,400 an ounce as weak U.S. jobs data cast doubt on the
strength of the economic recovery. [GOL/]

    • About Jennifer

      "Jennifer Kwan is a Toronto-based reporter on the market news and treasury team, and covers a broad mix of stories related to trading, exchanges and regulation. Previously worked as an editor for the company's online newsroom. Before joining Reuters, she worked at the Canadian Press, as well as the Toronto Star and Yukon News newspapers."
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