After major changes in Canada’s stock indexes earlier this year, investors will see a much quieter rebalancing as the second quarter winds down.
In the first quarter, software company Shopify Inc. and Brookfield Infrastructure Partners LP joined the 60. And S&P added cannabis company Canopy Growth Corp. to the 60 in April when Goldcorp Inc. merged with Newmont Mining Inc. S&P added eight companies and removed three from the composite, a list of 240 stocks that aims to give a broad picture of the Canadian stock market.
To stay in the composite, a company’s float-adjusted market capitalization must be 0.025 per cent, or 2.5 hundredths of a percentage point, of the total value of the index.
globeinvestor
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