Proposed changes would let companies domiciled outside of Canada remain on the S&P/TSX Composite index, as long as they are incorporated in the country and have “significant ties to Canada.” (The Logic)
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Proposed changes would let companies domiciled outside of Canada remain on the S&P/TSX Composite index, as long as they are incorporated in the country and have “significant ties to Canada.” (The Logic)
Talking point: S&P Dow Jones Indices is seeking feedback on the idea until April 4, with the change potentially going into effect after the market closes on June 20. The proposal comes as a string of Canadian firms, including Brookfield and Montreal trucking firm TFI, relocate to the U.S. or consider the move for various reasons—including to be closer to their customer base and a larger pool of investors.
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