As many as 38 of the 240 companies listed on the S&P/TSX composite index — the preeminent benchmark tracking the performance of Canada’s largest companies — were trading below $5 this week.
In other words, up to 15.8 per cent of this country’s dominant index, an important symbol of the nation’s economic might, would be considered a penny stock on most major U.S. exchanges, according to rules set by the U.S. Securities and Exchange Commission.
THERESA TEDESCO – Financial Post – February 19, 2016.
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