A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018.
REUTERS/Chris Helgren/File Phoo Acquire Licensing RightsTORONTO, Sept 13 (Reuters) - Canada's main stock exchange operator, TMX Group, is urging companies seeking to list on its platform to accelerate their plans, a top exchange official said, citing an uncertain economy and next year's U.S. presidential election as factors shrinking the window of opportunity.
McPherson said TMX has advised companies seeking to list that the "window of opportunity" for initial public offerings, when it opens, might be a short window of three to six months rather than a year.
"There is a pipeline out there that's waiting for the right time to enter the market," McPherson said.
In Canada the central bank has raised key interest rate to 22-year high of 5% to fight stubborn inflation.
Persons:
Chris Helgren, Dean McPherson, McPherson, TMX, Divya Rajagopal, David Gregorio Our
Organizations:
TMX Group, Toronto Stock Exchange, REUTERS, Rights, TMX, Mining, Reuters, U.S, TSX, Thomson
Locations:
Toronto , Ontario, Canada, Ukraine, Russia