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File photo of an employee seen at the Toronto Stock Exchange.
File photo of an employee seen at the Toronto Stock Exchange.
(Kevin Van Paassen/Kevin Van Paassen/The Globe and Mail)

Uh-oh. TSX insider selling is the highest in years

As the TSX inches closer to its highest point in history - now less than 170 points away from that milestone - corporate insiders are signalling it may be time to take profits.

According to INK Research, which monitors the buying and selling of shares by officers and directors within their own businesses, total insider selling over the one-month period up until Friday hit $360-million. That's the highest it's been since INK started calculating the data in 2012 (Click here for the chart.)