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Canadian Markets

TSX, TSX Venture and CSE coverage, from index moves to listing activity.

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OpinionCanadian Markets

Planet Ventures Fell to Five Cents Two Days Before a Consolidation That Changes Nothing

Planet Ventures Inc. (CSE: PXI) fell 16.7 per cent on 16 September 2026, to C$0.05, on roughly 37 times average volume and with no announcement that day. Behind the move sit a rights offering that issued 152,244,604 shares at a penny on 1 September, a five-for-one consolidation effective 18 September, and a year of disclosed investments smaller than the disclosed investor-awareness budget.

By Marc Belzile8 min readPXI.CN

Canadian Markets

What You Actually Own in a TSX Index Fund

A Canadian index fund is described as diversified exposure to the Canadian market. It is more precisely a concentrated bet on financials, energy and materials, governed by rules worth reading.

By Marc Belzile3 min readXICZCNVCN

Canadian MarketsSmall cap

Why Canadian Small Caps Trade at a Persistent Discount

Canadian small caps trade at persistently lower multiples than larger peers mostly because of market structure, not weaker businesses: index exclusion limits passive demand, shrinking sell-side economics have hollowed out analyst coverage, and concentrated ownership thins the tradable float. The gap tends to close only through discrete, event-driven catalysts rather than gradually.

By Hannah Kuan3 min read

Canadian MarketsExplainer

What a Bought Deal Means for Existing Shareholders

The bought deal is Canada's dominant equity financing structure, and its mechanics predictably pressure the share price around announcement. This explainer covers how discounts and warrants are set, what they signal about issuer leverage, and how to judge whether a deal is worth the dilution.

By Hannah Kuan3 min read

Canadian MarketsVenture

Why the CSE Matters More Than Its Size Suggests

The Canadian Securities Exchange lists companies that senior exchanges will not, giving early-stage and regulatorily ambiguous sectors access to public capital at the cost of lighter disclosure and diligence standards. That trade-off, not fraud or illegitimacy, is the defining feature investors need to understand before sizing a position.

By Hannah Kuan3 min read

Canadian MarketsCurrencies

The Loonie, the Differential and Why CAD/USD Stopped Tracking Oil

The long-assumed link between crude prices and the Canadian dollar has weakened as energy's share of the economy has shrunk and interest-rate differentials have taken over as the dominant driver. This piece explains the rate-differential mechanism now doing most of the work and what that means for how Canadian investors should think about currency exposure.

By Élise Galarneau3 min read

Canadian MarketsIndex analysis

Why the TSX Composite Keeps Outrunning the S&P 500 This Year

The TSX Composite's outperformance against the S&P 500 this year traces almost entirely to sector composition: heavy materials and energy weighting has caught a commodity upswing, while steady bank earnings add a quieter, more durable layer of return. The same concentration that is helping now is what caused years of underperformance during the US technology-led rally.

By Hannah Kuan3 min read

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