The bear market for commodities has brought the TSX Venture index to reach new lows in December 2014.
TSX Mining News
Highest close since June 2008.
The junior has been accepted for listing in the TSX Venture Exchange (TSX-V).
The government is fine tuning details of an aggressive campaign to promote Canada’s mining sector abroad, and so redirect trade spending and foreign affairs to core economic interests.
Weak performance from the Canadian mining market while S&P/TSX Composite index on the rise.
First time this has happened in a decade.
Stocks struggle Wednesday morning as risk trades were daunted by dreary economic activity figures on both sides of the globe and the Greek post-deal aftermath.
London Stock Exchange Group and its takeover target, TMX Group, said Friday Canadian competition authorities won't challenge the proposed combination of two exchange operators. The issuance of the no action letter satisfies a condition of a Feb. 9 agreement by LSE and the company that operates the Toronto Stock Exchange to join forces in a $3 billion deal. A consortium of nine major Canadian banks and investment funds called Maple Group Acquisition Corp has made a hostile offer for TMX worth C$3.6 billion ($3.7 billion). The LSE proposal was not expected to raise any red flags from Canadian competition authorities, unlike the Maple bid.
I'm watching Canada's Toronto Stock Exchange (TSX) these days, since the exchange is heavily weighted in and materials.
Market capitalisation for miners on the TSX and TSX Venture rose from Can$325 billion in 2009 to $467 billion in 2010, according to a study released by Ernst & Young on Wednesday. The study also found that the mining sector raised $17.7 billion through IPOs and private placements, eclipsing the oil and gas industry which only managed $11.3 billion. The study also found that there were 52 mining initial public offerings on the TSX and TSX Venture that raised more than $1.3 billion.
The move to International Financial Reporting Standards (IFRS) is the single-most-important initiative in the financial reporting world — with all major economies having established timelines to adopt these standards in the near future. This means […]