2006 ANNUAL REPORT
CHAIR’S LETTER
TO SHAREHOLDERS
CEO’S LETTER
TO SHAREHOLDERS
STATEMENT OF CORPORATE
GOVERNANCE PRACTICES
2006 MANAGEMENT’S
DISCUSSION AND ANALYSIS
Non-GAAP Financial Measures
Vision
Overview of the Business
Review of Operations – 2006
Liquidity, Capital Resources and Deferred Revenue
Selected Annual Information
Quarterly Information
Critical Accounting Estimates
Disclosure Controls and Procedures
Strategy and Outlook
Forward-Looking Statements, Risks and Uncertainties

FINANCIALS
CORPORATE INFORMATION

VISION

Our vision: To be a leading Canadian public company that is the best operator of electronic marketplaces on a global standard.

Our strategy: To continue to enhance our core business and seek growth opportunities by diversifying both horizontally into related markets in which we can leverage our domestic and international competitive advantages, as well as vertically into other areas of the trading value chain.

Competitive Advantages

Domestic:

  • Brand and reputation
  • Pre-eminent domestic position
  • Trading and data technology capability
  • Marketplace operations capability
  • Data platform and capability

International:

  • Mining listings and expertise
  • Oil & Gas listings and expertise
  • Small-Medium Enterprise (SME) expertise