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‘We don’t know exactly where [crowdfunding] will go, but it is also understood that, in time, this will be a very important capital raising tool for Canadian entrepreneurs.’ said TMX Group CEO Thomas Kloet.
‘We don’t know exactly where [crowdfunding] will go, but it is also understood that, in time, this will be a very important capital raising tool for Canadian entrepreneurs.’ said TMX Group CEO Thomas Kloet.
(MIKE CASSESE/REUTERS)

TMX looks to smaller companies, crowdfunding

The biggest companies on the Toronto Stock Exchange get most of the attention, but the company that owns Canada’s largest stock market is pushing hard to get into financing for smaller and smaller companies.

TMX Group Inc. chief executive officer Tom Kloet was in Ottawa Tuesday, speaking to the Economic Club of Canada and meeting government officials. His message, laid out in a speech to the Economic Club, is that the company is very interested in helping to develop a crowdfunding market in addition to the market for private shares of companies that is currently under development.