12:18:41 EDT Tue 15 Sep 2026
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TMX Group Ltd
Symbol X
Shares Issued 275,341,788
Close 2026-09-14 C$ 53.87
Market Cap C$ 14,832,662,120
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Globe says TMX's McKenzie urges changes to tax regime

2026-09-15 08:49 ET - In the News

The Globe and Mail reports in its Tuesday edition that top chief executive officers and finance execs told a room of more than 200 interested parties that Canada does not lack access to capital, but lacks the measures to create investable projects. The Globe's Stefanie Marotta and James Bradshaw write that California-based think tank the Milken Institute held its first conference in Canada on Monday, gathering top senior business leaders in Toronto before Prime Minister Mark Carney's global investment summit got under way. Canada will need to provide streamlined regulatory requirements, less complicated taxation and more efficient approvals processes to convince investors that these projects are worth betting on, speakers at the conference said. TMX Group CEO John McKenzie, whose company operates the Toronto Stock Exchange, said Canada will need a more attractive tax regime than other markets to compete globally. Mr. McKenzie cited needed reforms in the tax treatment for capital gains and capital cost allowance to allow companies to invest more money at home. He also suggested adjusting the country's savings programs to encourage Canadians and retail investors to take more risk alongside the larger global funds.

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