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
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: