Queen's University

Toronto-London stock exchange merger

2011-02-16

School of Business professor Louis Gagnon is available to discuss the proposed merger between the Toronto and London stock exchanges.

Dr. Gagnon feels Toronto Stock Exchange officials don’t have much choice as other mergers have made this move necessary.

“The New York Stock Exchange has merged with several exchanges in Europe to form the NYSE Euronext. NASDAQ also merged with exchanges in Europe. It’s a trend and Toronto has to follow suit. There is a massive wave of consolidations so mergers are unavoidable,” says Dr. Gagnon. “Canadians shouldn’t be too worried. This move won’t reduce Canadian firms’ access to the marketplace. It will make Toronto a more attractive exchange to list on. The proposed Toronto-London exchange would be the largest host of resource-based companies in the world.”

To arrange an interview, please contact communication officers Michael Onesi at 613.533.6000 ext. 77513 or michael.onesi@queensu.ca or Christina Archibald at 613-533-2877 or Christina.Archibald@queensu.ca at Queen’s University News and Media Services Department in Kingston, Ont., Canada.

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