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TMX POV

As we come to the end of Women’s History Month, let’s acknowledge some history-making women CEOs in the Canadian and U.S. public markets.

I was honored to host this year’s Ring the Bell for Gender Equality Market Open in recognition of International Women’s Day event as not only an employee of TMX Group Limited (TMX), but also as a representative of the Leadership team at WE Canada, and WE Global.

By listing on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), some of Canada’s most innovative and fastest-growing small and mid-sized companies look to raise capital from retail and institutional investors to finance their growth.

In many ways, 2020 started out quite optimistically for Canadian markets -- according to Statistics Canada unemployment was at a five-year low of 5.6% at the end of 2019 and the S&P/TSX Composite Index* had a very robust 22% return from the previous year. All signs seemed to point to continued momentum into 2020.

What role do public companies have in addressing the issues that impact modern society? That was the question posed to Canadian business leaders at a recent Canadian Chamber of Commerce panel discussion moderated by TMX Group CEO John McKenzie.

The last 10 years have seen mounting challenges for institutional investors. Megatrends such as aging populations and changing social attitudes have created pressure to deliver higher returns and generate value through responsible investing. With more asset classes emerging, there are now even greater opportunities to leverage diversification as a source of value creation.

The Canadian sustainable bond market is growing rapidly with more than C$35 billion already raised by over 19 different organizations. There are three types of sustainable bonds: green (to finance renewables, public transit, energy efficiency, etc.), social (targeting positive social outcomes such as housing and education), and transition (to finance a lower carbon future).