On May 1, 2008, TSX Group and Montreal Exchange took a dramatic step forward in the evolution of our companies and joined forces to become TMX Group, a fully-integrated exchange organization.

TMX Group grew from a vision that both companies shared: to create a unified exchange group that not only continues to serve the needs of global investors and companies, but also gives Canada more competitive clout in an increasingly borderless economy.

More than an important business transaction, the decision to create TMX Group opened a new chapter in the nation’s financial history. And today, as this Annual Report demonstrates, our company is now bigger, stronger, more diversified and even better positioned to compete effectively and grow.











Forward-Looking Statements
This annual report contains forward-looking statements, which are not historical facts but are based on certain assumptions and reflect TMX Group's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Please see Forward-Looking Information, Risks and Uncertainties in the 2008 Management's Discussion and Analysis for a description of some of the risk factors that could cause actual events or results to differ materially from current expectations.