Top TSX companies ‘powering Canada’s energy transition’: TSX CEO

📆 2024/09/11 2:02:00
📰 BNNBloomberg

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The vast majority of top-performing stocks on the Toronto Stock Exchange (TSX) are participants in Canada’s energy transition, according to the exchange’s top executive, who also noted investors are now favouring value over growth.

Loui Anastasopoulos, CEO of the Toronto Stock Exchange, joins BNN Bloomberg and talks about TSX revealing 2024 TSX30 rankings.

The 2024 iteration of the list is “dominated by three sectors,” those being oil and gas, industrial products and services, and mining, the press release said, highlighting that companies in those sectors account for 25 of the 30 companies listed. Anastasopoulos said those companies are “all working towards powering Canada’s energy transition, and powering Canadian economy.”, followed by Toronto-based Celestica Inc.

According to Anastasopoulos, the list also showcases the “critical role” Canada is playing in global energy security at a time of political uncertainty around the world.

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