TSE AND STANDARD & POOR'S ANNOUNCE
COMPANIES FOR NEW INDEX TORONTO
December 1, 1998 - The Toronto Stock Exchange
and Standard & Poor's announced today the names
of the stocks that will comprise the S&P/TSE 60. The
new index is expected to be the recognized large
capitalization equity index in Canada.
The 60 stocks are:
A - Abitibi-Consolidated Inc.
AGU - Agrium Inc.
AEC - Alberta Energy Company
AL - Alcan Aluminum Limited
AXL - Anderson Exploration Limited
ATY - ATI Technologies Inc.
BMO - Bank Of Montreal
BNS - Bank Of Nova Scotia
ABX - Barrick Gold Corporation
BCE - BCE Inc.
BCH - BioChem Pharma
BBD.B - Bombardier Inc.
CM - Canadian Imperial Bank Of Commerce
CNR - Canadian National Railway Company
CNQ - Canadian Natural Resources Limited
CP - Canadian Pacific Limited
CXY - Canadian Occidental Petroleum Limited
CTR.A - Canadian Tire Corporation Limited
DFS - Dofasco Inc.
EBC.A - EdperBrascan Corporation
ENB - Enbridge Inc.
EN - Euro-Nevada Mining Corporation
FL - Falconbridge Limited
GAC - GEAC Computer Corporation
GOU - Gulf Canada Resources Limited
HBC - Hudson's Bay Company
IMS - Imasco Limited
IMO - Imperial Oil Limited
N - Inco Limited
LDM - Laidlaw Inc.
L - Loblaw Companies Limited
MB - Macmillan Bloedel Limited
MG.A - Magna International Inc.
MLT - Mitel Corporation
MCL - Moore Corporation Limited
NA - National Bank Of Canada
NNC - Newbridge Networks Corporation
NCT - Newcourt Credit Group
NOR - Noranda Inc.
NTL - Northern Telecom Limited
NCX - Nova Corporation
PCA - Petro-Canada
PDG - Placer Dome Inc.
POC - Poco Petroleums Limited
POT - Potash Corp Of Saskatchewan Inc.
RES - Renaissance Energy Limited
RY - Royal Bank Of Canada
VO - Seagram Company Limited (The)
SCL.B - Shaw Cablesystems Limited
SU - Suncor Energy Inc.
TLM - Talisman Energy
TEK.B - Teck Corporation
TGO - Teleglobe Inc.
T - Telus Corporation
TOC - Thomson Corporation (The)
TD - Toronto-Dominion Bank
TA - Transalta Utilities Corporation
TRP - Transcanada Pipelines Limited
UDI - United Dominion Industries Limited
W - Westcoast Energy Inc.
"The S&P/TSE 60 will commence calculation on
December 31, 1998", said Richard Carleton, Vice
President, Index and Market Data Services. "It will
run concurrently with the existing index complex
during a transition period which will be discussed with
users of the TSE 35, 100 and 200 indices."
All of the stocks included in the S&P/TSE 60 must
also be included in the TSE 300. Companies
themselves play no role in the selection process and
are not consulted regarding their inclusion in the
index.
"The criteria used to determine which stocks are
included in the index are primarily size, liquidity, and
sector leadership", said Robert Shakotko, Senior
Vice President, Index Services, Standard and Poor's.
"The S&P/TSE index selection committee also
undertakes a rigorous analysis of both the financial
and operating condition of eligible companies to
ensure their fundamentals are solid." Additional
information on the methodology for the S&P/TSE 60
is provided here.
The new index has 11 sectors which cover all TSE
300 sub-groups. The sectors are: basic materials;
capital goods; communications services; consumer
cyclical; consumer staples; energy; financials; health
care; technology; transportation; and, utilities.
S&P and the TSE have constructed a trading history
of the new index which will be available shortly.
The S&P/TSE 60 Index Methodology and Practices
are attached with this release and will also be made
available on tse.com.
The fully automated Toronto Stock Exchange
consistently ranks as one of the world's top 10
exchanges and is Canada's premier market for
equities and equities-based derivatives, accounting
for more than 80% of all equity trading in Canada. In
1997, more than 25.7 billion shares traded, worth
more than $423 billion - about $2 billion a day in
share transactions. With a proud 146-year history at
the heart of the Canadian economy, the TSE
continues to provide Canadian and international
investors with a well-regulated, fair and accessible
marketplace.
Standard & Poor's Financial Information Services, a
division of The McGraw-Hill Companies, Inc., provides
financial, economic and investment information and
analytical services to the global financial community.
S&P calculates and maintains the S&P 500, which
measures the U.S. market and serves as the basis
for the world's most actively traded index futures and
options. The McGraw-Hill Companies is a global
publishing, financial, information and media services
company with 16,000 employees located in more
than 400 offices in 30 countries. Founded in 1888,
the Corporation is a leading information services
provider meeting worldwide needs in education,
business, finance, the professions and government.
Sales in 1997 were US$3.5 billion.
Please contact:
TSE - Steve Kee, Media Services Manager
Tel. 416.947.4682 &
S&P - William Jordan, Director of
Communications, Index Services Tel.
212.208.5222 |
