Toronto Stock Exchange (TSX) CEO Lou Eccleston has said that mining firms are likely to lead capital raisings in Canada in the near future. In an interview with Bloomberg TV Canada, Eccleston said that the TSX is seeing a lot of exploration activity, particularly in precious metals and base metals.
He noted that many companies are looking to raise capital as they explore for new resources. Eccleston added that the TSX is also seeing increased activity in the oil and gas sector. He pointed to the fact that companies are looking for new opportunities in the wake of the energy price crash earlier this year.
Eccleston said that the TSX is seeing a lot of demand for capital raisings from companies across various sectors. He noted that the TSX is well positioned to provide companies with the capital they need to grow and develop. The TSX CEO also highlighted the fact that the exchange is increasingly becoming a destination for technology companies. He said that the TSX is seeing a lot of interest from technology firms looking to list their shares on the exchange.
Eccleston concluded by noting that the TSX is well placed to provide companies with the capital they need to succeed. He said that the TSX is committed to creating an environment that is conducive to growth and innovation.
