20 June 2019News

Bermuda finance minister rings the bell to open TSX day of trading

Curtis Dickinson, the Bermudan finance minister currently travelling in Canada with a delegation of industry, government and regulatory representatives, launched the day of trading at the Toronto Stock Exchange (TSX) on Tuesday.

The delegation is in Canada to highlight Bermuda's close links to Canada and opportunities for bilateral trade and investment. It has also attended a multi-industry forum at The Ritz-Carlton in Toronto, hosted by the Bermuda Business Development Agency (BDA), taking the opportunity to meet Canadian investors, civic leaders and business groups.

Luc Fortin, global head of trading at TMX Group, the parent company of TSX, as well as president and CEO of the Montreal Exchange, described the invitation to open the exchange as “a sign of mutual respect.”

Dickinson said: "TSX is a valued partner with Bermuda in capital-markets activity."

Bermuda’s delegation included, among others: Stephen Gift, assistant financial secretary; Jessel Mendes, BDA director and EY Bermuda partner; Andy Burrows, CEO at BDA; and Isabelle Ramsay-Brackstone, the honorary consul of Canada in Bermuda.

Canada is one of Bermuda's most significant economic partners, with two-way trade between the two nations amounting to $2.6 billion in 2017, and $37 billion in mutual assets and investments.