Media Round-Up - August 19

While market volatility and concerns about the health of the global economy continued to dominate news coverage this week, there was still plenty of room in Canada’s major outlets for Equicom clients.

Near the end of the week, Absolute Software reported Q4 and year-end results. CFO Rob Chase appeared on BNN remotely from Vancouver to talk about the results.

Also on BNN this week was Exchange Industrial CEO Mike Pyle. He appeared early in the week to talk in more detail about the company’s growth strategy for the remainder of the year. That was after Exchange reported a 141% up-tick in revenue to $147 in its second quarter, and a 66% boost to EBITDA.

The Globe and Mail took note of analyst comments on the company’s quarter and profiled them in Eye on Equities.

New analyst coverage for Karnalyte got the attention of National Post mining reporter Peter Koven. He covered Scotia’s initial report for the potash company, noting the analyst’s comment that Karnalyte could be the next potash producer in the potash-rich Saskatchewan area.

Also at the Post, columnist Barry Critchley took at look at Timbercreek Asset Management. Earlier this month, Timbercreek closed a $100 million fund, its third in the last four years. Critchley spoke to CEO Blair Tamblyn and CFO Ugo Bizzarri and wrote this article.

Both the Globe and Post took note of Paladin Labs’ announcement that it is buying specialty drug developer Labopharm in a deal worth about $20.4 million.

Crystal Quast

Senior Director, Media Relations

 

TMX Group Consolidated Trading Statistics - July 2011

The TMX Group Inc. announced today July 2011 trading statistics for its diversified group of exchanges – Toronto Stock Exchange (TSX), TSX Venture Exchange (TSX-V), Montreal Exchange (MX) and Natural Gas Exchange (NGX).  Here are some of the highlights:

-          Trading volume on the TSX was down 2% compared to July 2010, and down 23% compared to the previous month. Transactions fell 3% from June 2010 and 20% compared to June 2011.

-          TSX-V continued to surpass 2010 levels in both transactions and volume, with increases of 115% and 35% year-to-date respectively. Transactions in July 2011 increased 115% compared to the same month last year.

-          In July 2011, volume on the MX increased by 77% compared to the same month a year earlier, though volume was down 19% from June 2011. Open interest contracts were up 42% in July 2011 over July 2010.

-          Year-to-date, volume on NGX was down 5% compared to the same period in 2010.

For the full report, please visit: http://www.tmx.com/en/pdf/month_stats/TradingStats_July11.pdf