Trading dips on Venture
Unsettled global financial markets have hurt trading and financing activity on Canada’s junior TSX Venture Exchange so far this year. The exchange, dominated by Western-Canada based mining and energy firms, rode the commodities boom last year to a 41-per-cent jump in trading volume and a 35-percent rise in trading value. Financings surged 45 per cent to $11.65 billion. But trading volume on TSX Venture fell 13 per cent in the January-to-May period this year, compared with the same five-month period a year earlier. Total value traded has slumped 37 per cent and financings have tumbled 48 per cent. That contrasts with the senior Toronto Stock Exchange, where trading value and volume were up 19 and five per cent, respectively, to the end of May.