Two new Canadian universes: TSX & TSXV

Latest Release
1

Dear All,

We now have two new historically correct universes for Canadian stocks:

Toronto Stock Exchange (TSX)
TSX Venture Exchange (TSXV)

You can either:

  1. Select them from the Universe drop-down

  2. Select the All Fundamanetals - CANADA as the starting universe then use the Universe() function like this:

Universe(TSX)
Universe(TSXV)

Thanks

2

Would this roughly be equivalent to the difference between LSE and AIM in London?

In London there are three tiers of market:

  1. LSE Main listed
  2. AIM (Alternative Investment Market)
  3. “Ofex” which is basically OTC

The U.S. market doesn’t have the equivalent of AIM, the Nasdaq small market maybe comes close.

Like the US OTC, Ofex basically contains junk. The key question is is the “TSVX” something we might want to be bothered with, or is it just junk?

3

Not sure. Maybe some Canadian experts have the answer. Analytically speaking yes & no. Just run a screen with TSXV and sort by market cap. There are 2 companies with 2B+ market caps. The rest is drops off quickly. By the 60th stock by market cap we are at less than $100M

4

Raising VC in Canada is rather difficult so a lot of companies go the route of listing on the TSXV. The TSX Venture Exchange is a public venture capital marketplace for emerging companies which include resource exploration companies, high technology and life sciences ventures. Every once in a while a resource company will strike gold, diamonds or whatever and you can make a pile of money. But it is like buying a lottery ticket. Most of the time the company fizzles after a year or two then gets taken over by another company wanting to be listed. Often the nature of the business completely changes.

Anyways they are a step up from OTCs as stocks listed on the TSXV are allowed within RSPs (Canadian tax sheltered plans).

http://www.tmx.com/en/pdf/Policy2-1.pdf
http://www.tmx.com/en/listings/venture_issuer_resources/index.html

Steve