TORONTO - The Toronto Stock Exchange said Thursday that it has already achieved record levels of financings for the year with a couple of months still to go, indicating improved confidence in the world economy.
The TSX said financings totalled were $49.7 billion as of Oct. 31, beating the previous full-year record of $47.6 billion set in 2007.
"Achieving record yearly financing, with two months yet to go in 2009, demonstrates both positive investor sentiment as well as issuer optimism that global economic indicators are improving," Tom Kloet, TMX Group CEO said in a statement.
"I think this dramatic surge in financing activity underscores the fact that TSX offers a very robust marketplace that helps our listed companies fuel their growth."
As of Oct. 31, U.S.-based issuers raised $1.6 billion on the TSX and TSX Venture Exchange, a 68 per cent increase over the same period in 2008.
The TSX Group campaigned internationally to attract listings over the past year, and is wrapping up a tour of U.S. cities including Minneapolis, New York, Los Angeles, Miami and Phoenix.
TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. Its subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy.