The Toronto Stock Exchange (TSX) calls out Canadian Administration to do more to replace lost capital from China.
Ottawa ordered three China owned companies to divest their stakes in Canadian producers of critical minerals. Creating capital loss says TSX Head.
Dean McPherson, head of business development for mining at TSX’s operator TMX Group, said the intervention by Justin Trudeau’s government risked harming the free flow of capital on which mining companies rely to explore and develop resources.
“It is concerning to block capital flow from China solely based on a critical minerals strategy,” he stated. “We believe it is crucial for them to find alternatives to replace that capital. Simply denying access to capital without providing any program to provide funding to those companies is not a viable solution.”
If you are interested in trading or hedging in the market and are looking to open a futures account give us a call or simply click this link to get started.