The Toronto Stock Exchange (TSX) is projecting a significant increase in dual listings from Australian companies, building on a record-breaking previous year. According to Robert Peterman, Director of Global Business Development at the TSX, Australia has become a primary market for the exchange, especially for resource exploration and energy development firms seeking larger capital pools. These companies are increasingly looking towards Canada to fuel their growth initiatives.
The attraction of the TSX for Australian companies stems from its robust resources sector and the availability of funding. Dual listings provide Australian businesses access to a broader investor base, potentially leading to increased valuations and enhanced liquidity. Peterman noted that mining companies, in particular, have found the TSX to be a favorable environment for raising capital and expanding their operations.
