(August 2 – 17:10 ET ) – A rash of suspensions comes as the Toronto Stock Exchange evolves into the country’s senior market.

The TSE has suspended a slew of companies over the past two days. The reason? Tougher listing requirements are having an impact.

Last fall the TSE adopted tougher listing requirements, although those requirements only came into force last April. At that time the TSE identified 64 companies for possible suspension, but it gave them 120 days to get themselves up to snuff. That period ended yesterday and those who haven’t made the grade are being cut loose by the TSE.

Yesterday it suspended 16 juniors and six seniors. Today it has dumped another couple of senior firms and four more juniors.
-IE Staff