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jerryking : tmx   14

The gutting of Barrick Gold – it didn’t have to be this way - The Globe and Mail
ERIC REGULY EUROPEAN BUREAU CHIEF
ROME
PUBLISHED JANUARY 4, 2019

Most big companies Eric Reguly followed – Inco, Falconbridge, Alcan, Dofasco, Molson, Fairmont, Four Seasons, among others – were flogged to foreigners, their head offices downgraded to branch plants or eliminated. ....Canadians were sellers, not builders.....If there was one company that was safe from the takeover onslaught, it was Barrick Gold, I thought......At the time, Barrick was run by its founder, Peter Munk, the Hungarian-born Canadian patriot who wanted to build the world’s biggest gold miner. After achieving that goal, he mused about creating a diversified resources giant, the equivalent of a BHP Billiton or Rio Tinto under the Maple Leaf. But he was too late: By the time he was ready to put the pieces together, in the middle part of the previous decade, all his potential targets, including Inco, had been plucked clean from the Toronto stock market.....
Eric_Reguly  branch_plants  head_offices  hollowing_out  John_Thornton  large_companies  LSE  mining  Peter_Munk  Pierre_Lassonde  sellout_culture  TMX  Barrick  Corporate_Canada 
january 2019 by jerryking
TMX’s Eccleston says Canadian exchanges need new technology - The Globe and Mail
The Globe and Mail
Published Wednesday, Dec. 03 2014

The new head of TMX Group Ltd. says the stock exchange company needs to diversify and develop new technology products to help counter the impact of Canada’s highly cyclical commodity-dominated markets...“What we can’t do is simply let them all sit as totally separate entities,” he said. “They all run as verticals. But the challenge is how do you take those things and understand how to use the capabilities to create more integrated solutions that give you some competitive advantage?”...he needs to create a strategy for a portfolio of TMX businesses.

“I think it’s time to start thinking about TMX as not a group of exchanges and clearing businesses, but really a very strong technology-based organization that happens to manage exchanges, clearing businesses, risk-management business, data businesses and a number of other things,” he said.
TMX  Lou_Eccleston  product_development  stockmarkets  first90days  trading_platforms  bourses  Bay_Street  capabilities  competitive_advantage  diversification  new_products  portfolio_management  systems_integration 
december 2014 by jerryking
Lou Eccleston: The data-driven emergence of TMX’s new CEO - The Globe and Mail
BOYD ERMAN
The Globe and Mail
Published Wednesday, Oct. 01 2014

And while he has not been CEO of a large public company, he has run big operations. At McGraw Hill, his business unit generated $1.7-billion (U.S.) in revenue, close to three times that of TMX.

McGraw Hill’s executive vice president of corporate affairs, Ted Smyth, worked with Mr. Eccleston on the company’s executive committee. He said Mr. Eccleston is “high energy, global, forward-looking, eloquent and a strong advocate for the power of technology and big data.”
Boyd_Erman  Bay_Street  CEOs  data_driven  forward-thinking  forward_looking  high-energy  Lou_Eccleston  massive_data_sets  TMX 
october 2014 by jerryking
Canada urged to defend lead in mining business
January 30, 2013 | Globe & Mail pg. B2 | by Pav Jordan.

A new report on the mining sector is urging Canada to streamline worker immigration procedures and boost tax incentives to encourage exploration in remote areas.
The report by the Canadian Chamber of Commerce warns that the country must not sit on its laurels if it wants to hold its lead in global mining, pointing at areas from the equipment supplies sector to bank financing and legal services and infrastructure as places where government and companies can work together to sharpen the nation’s edge.
The Canadian mining industry is among the world’s biggest, contributing $35.6­ billion to gross domestic product in 2011. That same year mining exports were valued at $102 ­billion, more than 20% of the national total. The Toronto Stock Exchange is the global capital for mining equity and British Columbia has the largest concentration of mining exploration firms anywhere.
mining  competitiveness_of_nations  Canada  Canadian  tax_codes  TMX  capital_markets  geology  engineering  legal  epicenters  hyper-concentrations 
january 2013 by jerryking
Risk? Bring it on, Canadian miners say - The Globe and Mail
DOUGLAS MASON

Special to The Globe and Mail

Published Thursday, Nov. 22 2012

There are few business sectors where Canada can claim global dominance, but as a centre for mining development, it is an industry leader....No other place has the same concentration and depth of services and financial market sophistication to support mining finance and development.

How does Canada do this? According to Kevan Cowan, president of TSX Markets, Canadians have a long history of participating in early-stage mining investments and a “whole ecosystem” has developed to support the industry.

“We have a tremendous network of industry players. Our legal services are the best expertise in this sector worldwide, together with a huge pool of geologists, engineers and mining entrepreneurs, as well as sophisticated capital markets for mining finance. We are a world ahead of our competitors.”
Canada  Canadian  mining  risk-taking  TSX  entrepreneurship  DRC  Banro  early-stage  ecosystems  capital_markets  geology  engineering  legal  TMX  epicenters  hyper-concentrations 
december 2012 by jerryking
Moribund TMX-Maple deal sends all the wrong signals
April 23, 2012 |Globe and Mail | by BOYD ERMAN.

For TMX, the issue is that the company, in the meantime, is strategically stuck. Maple’s bid killed TMX’s first choice, a merger with London Stock Exchange Group PLC. Now, after agreeing to a friendly deal with Maple, TMX is prohibited under the merger contract from doing any major acquisitions without Maple’s approval.

As analyst Jeff Fenwick of Cormark Securities points out, opportunities are passing TMX by. Two prime assets that TMX could afford – a key consideration since TMX is not that big by world standards – have recently gone on the market.

The London Metals Exchange, the world’s biggest metals marketplace, is deciding whether to go ahead with a sale. The price is expected to be in the neighbourhood of $1.3-billion (U.S.), easily doable for the TMX. Imagine the strategic possibilities of tying together the stock market operator with the biggest commodities presence and the largest metals marketplace.

But it doesn’t appear TMX is in the running, though competitors such as CME Group, NYSE Euronext, and Intercontinental Exchange reportedly are.
stockmarkets  Boyd_Erman  TMX  mergers_&_acquisitions  LSE  M&A  bourses  trading_platforms 
april 2012 by jerryking
George Gosbee: Patriotism that's more than skin-deep - The Globe and Mail
gordon pitts
From Saturday's Globe and Mail
Published Friday, Dec. 02, 2011

Mr. Gosbee’s patriotism is buttressed by the conviction that Calgary is emerging as an energy finance and head office capital – while tempered with regret that, in the process, city and province may be losing their vaunted entrepreneurial spirit.
Gordon_Pitts  investment_banking  TMX  Alberta  Calgary  moguls  patriotism  George_Gosbee  AltaCorp  head_offices 
january 2012 by jerryking
Globe Correspondents - The Globe and Mail
ERIC REGULY

ROME - Globe and Mail Blog

Last updated Wednesday, Nov. 30, 2011
TSX  bourses  Eric_Reguly  LSE  TMX 
november 2011 by jerryking
Let strategic assets go forth and prosper
Feb. 16, 2011 | The Globe and Mail| Editorial TMX Group Inc. is
in a sense a strategic asset for Canada, as some people are saying, but
that is all the more reason why it should be free to expand its scope
and compete beyond Canada by merging with London Stock Exchange Group
PLC, giving Canadian issuers and investors wider opportunities. The
adjective “strategic” should not be a synonym for “to be
protected.”....Good strategy is outward-looking, not merely defensive.
TMX should be entitled to pursue its hypothesis that a transatlantic
alliance would make it, more than before, a strategic asset for
Canadians.
stockmarkets  LSE  mergers_&_acquisitions  M&A  TSX  editorials  TMX  assets  strategy  transatlantic  alliances  outward_looking 
february 2011 by jerryking
Commodities Report: Mining Start-Ups Look for Northern Exposure - WSJ.com
NOVEMBER 30, 2010 | | Phred Dvorak. The Toronto bourse
estimates Canada has snagged more than a third of the world's equity
financing by mining companies during the past 10 years, and 55% in the
first three-quarters of this year.

The flow of mining deals comes amid a boom in commodities prices that
has pushed gold and copper to records and silver to near 30-year highs.
Canada  Canadian  mining  finance  start_ups  TSX  stockmarkets  TMX  commodities  commodities_supercycle  bourses 
november 2010 by jerryking
Toronto Life: The Good News About the Bad Times
Feb. 2009 Toronto Life article by Philip Preville about the
multiple stakeholders uniting in the pursuing a strategy encouraging
emerging U.S. companies to go public on the TSX. In so doing, this would
boost demand for high value financial, accounting and legal services.
Toronto  strategy  crisis  economic_development  hard_times  financial_services  law-firms  Toronto_Life  economics  economic_downturn  professional_service_firms  TMX 
january 2009 by jerryking

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