TSX Stock News

TSX Stock News

Canada
TSX Stocks

Crypto firms struggle to go public due to SEC scrutiny in the wake of FTXs’ collapse

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Amid the collapse in valuation witnessed in the crypto market over the course of 2022, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny of crypto companies trying to go public in an effort to help protect investors. As was first reported in the Wall Street Journal, several prominent crypto firms, including Circle Internet Financial, which is the issuer of the stablecoin USD

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Canada
TSX Stocks

Crypto firms struggle to go public due to SEC scrutiny in the wake of FTXs’ collapse

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Amid the collapse in valuation witnessed in the crypto market over the course of 2022, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny of crypto companies trying to go public in an effort to help protect investors. As was first reported in the Wall Street Journal, several prominent crypto firms, including Circle Internet Financial, which is the issuer of the stablecoin USD

Read More »
Canada
TSX Stocks

Crypto firms struggle to go public due to SEC scrutiny in the wake of FTXs’ collapse

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Amid the collapse in valuation witnessed in the crypto market over the course of 2022, the U.S. Securities and Exchange Commission (SEC) has increased its scrutiny of crypto companies trying to go public in an effort to help protect investors. As was first reported in the Wall Street Journal, several prominent crypto firms, including Circle Internet Financial, which is the issuer of the stablecoin USD

Read More »
Canada
Nick Peters-Golden

VettaFi and TMX Group Celebrate at Closing Bell Tuesday

Representatives from VettaFi and TMX Group LTD. (X.TO) celebrated recent news that the latter had invested $175 million in VettaFi at the closing bell of the Toronto Stock Exchange on Tuesday. TMX Group, which owns the Toronto Stock Exchange, acquired about 21% of the common equity of the firm on January 9th. As part of the investment, the VettaFi and TMX Group duo made a commercial agreement to boost TMX’s global index strategy and bolster the exchange owners’ ability to provide data-driven insights to their clients, according to TMX Group COO Jay Rajarathinam. “VettaFi is a dynamic and growing index,

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Canada
TSX Stocks

SEC scrutiny blocks some crypto firms from going public

Crypto-focused companies including Bullish Global, Circle Internet Financial and eToro Group Ltd. have failed to secure the SEC approvals that are required of companies going public. The firms were seeking stock-exchange listings through mergers with special-purpose acquisition companies, an alternative path to going public that thrived in 2020 and 2021 before heightened regulatory checks and market turbulence ended the SPAC boom. Another crypto broker, Galaxy Digital Holdings Ltd., has faced repeated rounds of questions from SEC staff about its business since filing paperwork to go public on the Nasdaq Stock Market, according to people familiar with the questioning. Galaxy, which

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Canada
FRASER L ALLPORT

Fraser Allport, Fiduciary and Certified Estate Planner- teaches Estate Planning Tips : Leave A Legacy, or Leave A Mess

Fraser Allport, Fiduciary and Certified Estate Planner- teaches Estate Planning Tips : Leave A Legacy, or Leave A Mess – Toronto Stock Exchange News Today – EIN Presswire Trusted News Since 1995 A service for global professionals · Wednesday, January 25, 2023 · 613,158,984 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

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Canada
Fergal Smith

Toronto market ends slightly down as Magna slides

Summary Companies TSX ends 2.03 points lower at 20,629.55 Magna shares fall 7.2% Technology declines 1.1% Court rejects antitrust effort to block Rogers-Shaw deal Jan 24 (Reuters) – Canada’s main stock index edged slightly lower on Tuesday, pressured by a sharp drop in the shares of Magna International Inc (MG.TO) and worries that higher borrowing costs would weigh on the corporate earnings outlook. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended down 2.03 points at 20,629.55, after posting on Monday its highest closing level in more than seven months. The U.S. benchmark index S&P 500 also ended slightly lower.

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Most actively traded companies on the Toronto Stock Exchange

TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,629.55, down 2.03): Enbridge Inc. (TSX:ENB). Energy. Down 46 cents, or 0.82 per cent, to $55.55 on 12.7 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.67 per cent, to $25.74 on 7.3 million shares. Shaw Communications Inc. (TSX:SJR.B). Telecom. Up $1.07, or 2.78 per cent, to $39.50 on 6.6 million shares. Tourmaline Oil Corp. (TSX:TOU). Energy. Down $1.52, or 2.30 per cent, to $64.71 on 5.7 million shares. Royal Bank of Canada (TSX:RY). Financials. Up 39 cents, or

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Canada
Ben Hernandez

Macroeconomic Backdrop Favors Higher Gold and Silver Prices

Up about 8% for gold and roughly 2% for silver within the past month, both precious metals could continue to experience an uptrend in prices, especially given the current macroeconomic backdrop. A confluence of economic factors is making for this ideal climate for precious metals. The biggest one is a dollar that’s been losing its steam as the capital markets have expected to see the U.S. Federal Reserve slow down the pace of its rate hikes. “The primary driving force behind gains in the precious metals market are a devaluing US dollar, inflation, and other federal government monetary policies,” said

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Canada
Reuters

Energy, consumer weigh on Toronto stocks ahead of BoC decision

Canada’s main stock index fell on Tuesday, as energy and consumer discretionary stocks dragged the index lower ahead of the Bank of Canada’s interest rate decision on Wednesday, while data showed U.S. business activity contracted. At 10:22 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was down 68.95 points, or 0.33%, at 20,562.63. U.S. business activity contracted for the seventh consecutive month in January, though the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year began. Magna International slumped 8.6% after the automotive supplier cut

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