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Three-Year Review
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THREE-YEAR REVIEW – MARKET STATISTICS*

(Unaudited)


2005

2004

2003

Toronto Stock Exchange:




Volume (millions)

64,167.3

61,278.0

55,562.9

Value ($ billions)

1,075.2

833.9

648.7

Transactions (000s)

55,158.3

40,267.0

30,894.0

Issuers Listed

1,537

1,421

1,340




New Issuers Listed:

223

204

128

Number of Initial Public Offerings

137

115

67

Number of graduates from TSX Venture/NEX

46

58

47

New Equity Financing: ($ millions)

46,162.8

46,515.6

37,583.5

Initial Public Offering Financing ($ millions)

15,226.0

15,633.2

11,271.5

Secondary Offering Financing1 ($ millions)

 14,956.6

 22,201.0

 18,195.8
Supplementary Financings ($ millions)
15,980.2
8,681.4
8,116.2

Market Cap of Listed Issuers ($ billions)

1,830.7

1,546.9

1,287.7

S&P/TSX Composite Index Close

11,272.3

9,246.7

8,220.9




TSX Venture Exchange2:



Volume (millions)

21,545.7

17,087.2

13,474.4

Value ($ billions)

15,696.3

10,940.2

6,557.7

Transactions (000s)

3,477.0

2,877.1

2,088.2

Issuers Listed

2,221

2,209

2,276




New Issuers Listed:

165

142

76

New Equity Financing: ($ millions)

6,163.9

4,205.6

2,389.9

Initial Public Offering Financing ($ millions)

257.5

194.2

120.4

Secondary Offering Financing1 ($ millions)

 5,906.4

 4,011.4

 2,269.5

Market Cap of Listed Issuers ($ billions)

34.0

25.3

21.2

S&P/TSX Venture Composite Index Close

2,236.6

1,825.5

1,751.3

* Certain comparative figures have been restated.
1 Secondary Offering Financings includes prospectus offerings on both a treasury and secondary basis.
2 TSX Venture Exchange market statistics do not include data for debt securities. Market capitalization for 2004 and 2005 includes issues that did not trade during the month of December, while market capitalization for 2003 excludes issues that did not trade during December. ‘New Issuers Listed’ and ‘S&P/TSX Venture Composite Index Close’ statistics exclude data for issuers on NEX. All other TSX Venture Exchange market statistics include data for issuers on NEX, which is a board that was established on August 18, 2003 for issuers that have fallen below TSX Venture’s listing standards (201 issuers at December 31, 2005, 261 issuers at December 31, 2004 and 285 issuers at December 31, 2003).

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