Latest equities, bonds, and regulatory news from Canada, updated daily.
Canada regulates securities province by province rather than through a single federal agency. In Ontario, the largest of those jurisdictions, the Ontario Securities Commission is an independent Crown agency that makes rules with the force of law and carries out its powers under the Securities Commission Act, 2021, administering and enforcing Ontario’s Securities Act and Commodity Futures Act. Its mandate is to protect investors from unfair, improper or fraudulent practices, foster fair, efficient and competitive capital markets, foster capital formation and contribute to the stability of the financial system. The OSC regulates dealers, advisers and public companies as well as marketplaces, including the Toronto Stock Exchange. Ontario is home to more than one-third of Canadian businesses, and Toronto hosts the country’s largest stock exchange by market value. Dealer conduct sits with the Canadian Investment Regulatory Organization, whose Rule 7100 is the code of conduct for the secondary market in Government of Canada securities.
TMX operates the equity venues: Toronto Stock Exchange for established issuers, TSX Venture Exchange for earlier stage companies, and TSX Alpha Exchange, all fully electronic. The exchanges have provided access to equity capital for over 160 years, and the two listing venues feed the two headline benchmarks, with TSX companies eligible for the S&P/TSX Composite Index and its sector indices and TSXV companies eligible for the S&P/TSX Venture Composite Index. TSX Venture issuers graduate to the senior board, a route the exchange tracks as TSXV Grads.
TMX market statistics as at July 31, 2026 put the combined roster at 3,765 listed issuers with a market capitalisation of C$7,158.7 billion. Toronto Stock Exchange accounted for 2,264 of those issuers and C$7,032.1 billion, TSX Venture Exchange for 1,501 issuers and C$126.6 billion, which is the clearest single measure of how the two boards differ. Equity capital raised across both exchanges in the year to date through July 2026 was C$20,524.7 million.
The listing mix is unusually concentrated in resources and funds. As at the same date, mining accounted for 1,074 issuers across the two exchanges, more than any other sector, and 1,404 exchange traded products were listed on TSX Venture Exchange. By market value the ranking inverts: financial services carried C$2,070,848 million, ahead of mining, industrial products and services and oil and gas.
Government debt is issued by auction, with the Bank of Canada selling treasury bills and marketable bonds to financial market distributors and dealers. The Debt Management Report for 2024-25 records total market debt of $1,481.2 billion at the end of that fiscal year, total liabilities of $2,182.3 billion and net federal debt of $1,266.5 billion as at March 31, 2025. Bond issuance totalled $241 billion in 2024-25, up from $204 billion the year before, with long-term issuance of $80.0 billion, and average daily secondary market trading volume in Government of Canada bonds ran at $64.3 billion. GSN covers Canadian issuer disclosure, exchange announcements, provincial regulatory action and federal debt operations.
Sources
This overview is based on the official documents listed below, last checked 2026-09-03. Figures are as stated in those documents.
Strategic Metals has completed a property option deal that leaves it with a significant minority stake and retained royalties in Trifecta Gold's Yukon projects.
Nova Minerals (NYSE American: NVA) has received the final equipment for its planned Alaska antimony refinery, a project supported by a $43.4 million U.S. Department of War award. The Ledger examines what stands between delivered equipment and first antimony: permits, construction and feed.
American Pacific Mining (OTCQX: USGDF) is imaging hole M26C-02 at its Madison project in Montana before drilling again. The reported grades are high, but whether the zone continues beyond existing intersections is still unproven.
Prospector Metals has finished its 2026 drilling program at the Yukon ML Project with high-grade gold intercepts. The release does not say how the 2027 program will be paid for, and that is the next question.
Azincourt Energy (OTCQB: AZURF) has begun drilling at its Snegamook uranium deposit in Labrador. The company says the work could lead to its first mineral resource estimate, but the path is long and the data is still coming in.
Sirios Resources completed Phase 1 drilling at its Cheechoo project, reporting high-grade gold intersections. The company now plans Phase 2 drilling and a resource estimate.
Stallion Uranium (OTCQB: STLNF) has restarted Phase II drilling at its Moonlite Project, moving from initial exploration to targeted structural testing. The company says the geological model is now clearer, but the ore body remains unproven.
The 2026/27 program is condemnation, pit-definition, water and geotechnical work for a bankable feasibility study. The resource is already 10.5 million tonnes of lithium carbonate equivalent on paper; the cost is not.
Westhaven's sixth batch of South Zone assays lands as the 35,000-metre program closes. The true-width caveat, the 2025 economic study and the Dundee earn-in frame what the numbers can carry.
Standard Lithium Ltd. reports the upcoming resignation of director Karen Narwold and begins a search for a new independent board member.
Sernova Biotherapeutics Inc. and Seraxis Holdings Inc. have entered a definitive merger agreement to create BetaNova Biotherapeutics, a clinical-stage biotech focused on type 1 diabetes treatments.
Lion Copper and Gold Corp. will consolidate shares 27-for-1 and change its name to Lion Copper Corp. to meet Nasdaq listing requirements.
Traction Uranium Corp. completed a non-brokered private placement of units to fund exploration expenses on its Canadian mineral properties.
Xanadu Quantum Technologies Limited announced CAD 195 million in federal funding to build an advanced photonics manufacturing facility in Toronto.
The Winnipeg wound-care company said its antimicrobial gel spray featured in a presentation at the Military Health System Research Symposium in Florida.
Zentek Ltd. released a preliminary economic assessment for its Albany Graphite Project in Ontario, outlining production economics and infrastructure requirements.
The Toronto-area IoT tracking company posted EBITDA of $844,566 and comprehensive net income of $652,241 for the quarter ended June 30, 2026.
The Brazil-focused copper and gold explorer listed on August 14 after completing its qualifying transaction with Pentagon I Capital Corp.
The Montreal-headquartered drone and defence company reported a 49.5% quarter-over-quarter revenue increase and cash of $59,199,739 at quarter end.
The Saskatchewan-focused uranium explorer said a Southeast Asian conglomerate will take an approximately 19.7% stake through a non-brokered private placement.
The Burnaby grid modernization firm grew revenue 18 percent, lifted recurring revenue to $15 million and repaid its EDC term loan.
The Canadian operator will expand its Lightspeed constellation to 225 satellites under a 15 year defence connectivity agreement.
The Montreal specialty semiconductor producer reported $122.4 million in second quarter revenue and reaffirmed full year guidance.
The Quebec AI search firm narrowed its net loss to $5.8 million and reaffirmed guidance as generative AI drove new bookings.
Saga Metals Corp. reports assay results from its Radar Titanium-Vanadium-Iron project in Labrador, including a 119.1-metre intercept from drill hole R-0051.
The Newfoundland marine technology firm reported new sonar, navigation and subsea power orders across defence and energy customers.
The Ontario explorer drilled two holes totalling 477 metres to test electromagnetic anomalies, with assays expected by late August.
The Ottawa firm will install a FLU-ACE system at one of the world's largest breweries, targeting $406,000 in annual fuel savings.
Canadian fusion energy developer General Fusion Group Ltd. started trading on Nasdaq on July 13, 2026, entering the public markets with approximately US$150 million in cash after finalizing its merger with the special-purpose acquisition company.
The Toronto health software firm adds a Finnish care coordination platform with 2.8 million euros in annual recurring revenue.
National Instrument 52-112 replaced two decades of staff guidance with a binding rule on non-GAAP measures, setting out labelling, prominence, reconciliation and comparative-period requirements for figures such as adjusted earnings.
A company can go public on the TSX with no business at all, just cash held in trust and a mandate to merge. Here is how a SPAC listing and its eventual de-SPAC merger actually work.
A single Canadian stock trade can pass through a private, industry-funded regulator most investors have never heard of. Here is what CIRO actually oversees, and how that differs from provincial securities commissions.
A look at how designated brokers and authorized participants use basket-for-unit swaps to arbitrage TSX-listed ETFs back toward their net asset value.
The S&P/TSX Composite is often called a resource-heavy benchmark, but the mechanics of market-cap weighting mean commodity sectors influence the index in ways that are easy to misread.
Canadian preferred shares and common shares look similar on a trading screen, but their claims on a company's cash diverge sharply once earnings falter, and understanding that order explains why the two often move in opposite directions.
A look at how primary dealers bid, how the Bank of Canada allocates debt, and why the auction "yield" is a market outcome rather than a rate set by decree.
Canada is the only G7 country without a single national securities regulator, and understanding why reveals a lot about how the country's markets actually function.
Behind Canada's junior market sits a graduated system of financial thresholds, escrow rules, and sponsorship requirements that determine which small and early-stage companies get to ring the bell.
Canada's dividend tax credit reworks the after-tax comparison between dividend income and other yields, through a gross-up and credit system that few investors outside the country ever encounter.
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