Core Insights - TMX Group reported significant increases in financing activities on both the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for February 2026, indicating a robust market environment [2][4]. TSX Highlights - TSX welcomed 28 new issuers in February 2026, up from 23 in January 2026 and 25 in February 2025 [2]. - Total financings raised in February 2026 reached approximately $3.64 billion, a 392% increase from January 2026 and a 237% increase from February 2025 [2][6]. - The total number of financings in February 2026 was 79, compared to 40 in January 2026 and 53 in February 2025 [2][6]. - The market capitalization of listed issues on TSX was approximately $6.8 trillion as of February 2026 [6]. TSXV Highlights - TSXV had three new issuers in February 2026, compared to one in January 2026 and four in February 2025 [4]. - Total financings raised in February 2026 amounted to approximately $1.46 billion, a 68% increase from January 2026 and a 183% increase from February 2025 [4][8]. - The total number of financings on TSXV was 124 in February 2026, down from 158 in January 2026 but up from 88 in February 2025 [4][8]. Year-to-Date Statistics - Year-to-date, TSX has listed 51 new issuers in 2026, a 4.1% increase from 49 in 2025 [7]. - Total financings raised year-to-date in 2026 reached approximately $4.37 billion, a 130.9% increase from $1.89 billion in 2025 [7]. - On TSXV, year-to-date statistics show 4 new issuers listed, with total financings raised at approximately $2.33 billion, a 122.1% increase from $1.05 billion in 2025 [9][10]. New Issuers - Notable new issuers on TSX in February 2026 included various ETFs and mining companies, such as Avantis CIBC Canadian Equity ETF and Blossom Gold Inc. [11]. - New issuers on TSXV included Chilean Metals Inc. and Envirogold Global Limited [12].

The heat of blast furnaces roaring at 2500°, spitting out molten metal rolled into miles long sheets that are pressed, stretched, and spun into coils. Part of a decad's long time- tested process to make the steel that serves as the backbone of our cars, appliances, and the US economy, too. US Steel's Irvin plant just outside of Pittsburgh turns out about 3 million linear feet of steel a day.part of a massive operation that supports over 3600 jobs in Pennsylvania alone. According to US Steel VP of sales Rob ...

Core Insights - TMX Group Limited reported trading statistics for February 2026, showing significant increases in trading volume, value, and transactions compared to previous periods [1]. Trading Statistics Overview - Total trading volume across all TMX equities marketplaces in February 2026 was 16,337,914,306 shares, a decrease of 17.5% from January 2026 but an increase of 41.1% from February 2025 [2]. - The total value of trades in February 2026 was $426,134,446,369, down from $433,209,449,124 in January 2026 but up from $290,395,079,720 in February 2025 [2]. - The number of transactions in February 2026 was 33,311,291, a decrease from 35,674,467 in January 2026 and an increase from 23,136,721 in February 2025 [2]. Year-to-Date Statistics - Year-to-date trading volume for 2026 reached 36,157,859,222 shares, representing a 55.5% increase compared to 2025 [4]. - The year-to-date value of trades was $859,343,895,493, up 48.9% from $577,021,321,760 in 2025 [4]. - The number of transactions year-to-date was 68,985,758, reflecting a 48.8% increase from 46,366,118 in 2025 [4]. Daily Averages - The daily average trading value in February 2026 was $22,428.1 million, compared to $20,629.0 million in January 2026 and $15,284.0 million in February 2025 [3]. - Daily average volume for February 2026 was 859.9 million shares, down from 943.8 million in January 2026 but up from 607.6 million in February 2025 [3]. Toronto Stock Exchange Specifics - The Toronto Stock Exchange recorded a trading volume of 10,032,758,420 shares in February 2026, down from 10,658,103,477 in January 2026 but up from 7,481,544,454 in February 2025 [6]. - The value of trades on the Toronto Stock Exchange in February 2026 was $399,864,500,280, slightly down from $401,721,587,185 in January 2026 but significantly up from $267,648,247,481 in February 2025 [6]. - The number of transactions on the Toronto Stock Exchange was 28,449,445 in February 2026, down from 29,358,817 in January 2026 but up from 20,259,448 in February 2025 [6]. TSX Venture Exchange Highlights - The TSX Venture Exchange had a trading volume of 5,003,027,865 shares in February 2026, down from 7,347,760,306 in January 2026 but up from 2,872,041,911 in February 2025 [10]. - The value of trades on the TSX Venture Exchange was $5,206,143,773 in February 2026, down from $7,264,947,766 in January 2026 but up from $1,475,899,268 in February 2025 [10]. - The number of transactions on the TSX Venture Exchange was 2,263,289 in February 2026, down from 3,113,507 in January 2026 but up from 763,387 in February 2025 [10]. TSX Alpha Exchange Data - The TSX Alpha Exchange reported a trading volume of 1,269,079,412 shares in February 2026, down from 1,773,953,142 in January 2026 but up from 1,167,076,337 in February 2025 [14]. - The value of trades on the TSX Alpha Exchange was $20,354,218,448 in February 2026, down from $23,289,330,724 in January 2026 but slightly up from $20,760,160,079 in February 2025 [14]. - The number of transactions on the TSX Alpha Exchange was 2,481,065 in February 2026, down from 3,063,259 in January 2026 but up from 2,061,549 in February 2025 [14]. Montreal Exchange Overview - The Montreal Exchange reported a derivatives volume of 21,839,516 contracts in February 2026, up from 17,655,627 in January 2026 and 20,343,139 in February 2025 [23]. - The open interest in contracts was 32,152,138 in February 2026, an increase from 31,146,380 in January 2026 and 27,196,749 in February 2025 [23]. - Year-to-date derivatives volume for 2026 was 39,495,143 contracts, a slight increase of 1.1% from 39,064,797 in 2025 [24].

Core Insights - TMX Group is sponsoring the PDAC International Convention, highlighting its leadership in the mining exchange sector and commitment to industry growth [1][2] - The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) are home to nearly 50% of the world's public mining companies, with a significant presence at the PDAC event [2] Company Overview - TMX Group operates various global markets and provides a range of services including trading, clearing, and data solutions to the financial community [5] - As of December 31, 2025, TMX Group had 1,073 mining issuers with a combined market capitalization exceeding $1.1 trillion [3] Financial Activity - In 2025, TSX and TSXV mining issuers completed 1,429 financing transactions, raising a total of $16 billion in equity capital [3] Event Details - The PDAC convention will feature market open and close ceremonies, along with various discussions and networking opportunities for industry stakeholders [3][9] - TSX and TSXV will engage with global delegations from regions including Africa, Australia, Latin America, North America, and Europe during the event [2]

Core Viewpoint - TMX Group Limited has received approval for its normal course issuer bid (NCIB) from the Toronto Stock Exchange, allowing it to repurchase up to 2,800,000 common shares, which is approximately 1% of its outstanding shares as of February 20, 2026 [1][2]. Group 1: NCIB Details - Under the NCIB, TMX Group can purchase a maximum of 155,315 shares per trading day, based on 25% of the average daily trading volume of 621,261 shares over the past six months [2]. - The repurchase program is set to commence on February 27, 2026, and will conclude on February 26, 2027, unless completed earlier [2]. - All repurchased shares will be cancelled, and TMX Group has not engaged in any share repurchases in the past 12 months [3]. Group 2: Purchase Mechanism - TMX Group will adhere to TSX requirements for share purchases, paying the market price at the time of acquisition [3]. - A pre-defined plan has been established with a designated broker to facilitate share repurchases during periods when TMX Group would typically not be active in the market [4]. Group 3: Rationale for Share Repurchase - The company believes that repurchasing common shares can be a suitable use of available funds and an effective way to return capital to shareholders [5].

Market Overview - The S&P 500 decreased by 1.4% and the DOW by 1.1%, marking the worst week of 2026, with the tech-heavy NASDAQ down 2.3% due to policy chaos from the administration [1] - The market is experiencing volatility as the administration's tariff policies shift, impacting investor sentiment and market stability [1][11] Tariff Policy Changes - The Trump administration is considering rolling back steel and aluminum tariffs due to inflation concerns, which have moderated to 2.4% in January after a year of price fluctuations caused by these tariffs [2][3] - Shares of United States Steel Corp (X) fell by 3.4% and Alcoa (AA) by 2.8% in pre-market trading as renewed foreign competition becomes a possibility [2] Deregulation Efforts - The administration repealed the EPA's "Endangerment Finding," which was crucial for regulating greenhouse gases, benefiting the traditional energy sector but creating confusion for the auto industry [6][7] - Ford (F) and General Motors (GM) saw modest gains of 0.5% and 0.2% respectively, but the long-term implications of this deregulation remain uncertain as global markets move towards electric vehicles [6][8] Trade Deals and Global Relations - Recent trade announcements include a new framework with India, tariff reductions with Taiwan, and a deal with the U.K., but market reactions have been muted due to skepticism about the effectiveness of these frameworks [9][10] - The iShares MSCI Taiwan ETF saw a small increase of 0.9%, but concerns about a potential visit to China by the President may limit market optimism [10] Conclusion on Market Sentiment - The major indices are down, with the S&P 500 experiencing a 2.1% decline for the week, reflecting market uncertainty regarding the administration's policy changes [11] - Investors are left questioning the logic behind rolling back tariffs to combat inflation that the tariffs themselves helped create, highlighting the unpredictable nature of current market conditions [12]

Company Overview - Applied Energetics is recognized for its cutting-edge developments in the defense sector [2][3] - The company is led by CEO Chris Donaghey, who is set to provide insights into the company's recent activities and future plans [2][3] Recent Developments - A presentation will outline the company's achievements over the past year and its strategic plans leading up to 2026 [3] Audience Engagement - The event encourages audience participation through a Q&A session, allowing for direct interaction with the company's leadership [1][2]

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Core Insights - TMX Group reported a significant decline in financing activity on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for January 2026, with total financings raised decreasing by 75% compared to December 2025 and down 9% compared to January 2025 [2][4]. TSX Summary - In January 2026, TSX welcomed 23 new issuers, a decrease from 84 in December 2025 and similar to 24 in January 2025 [2][5]. - Total financings raised amounted to $738.2 million, a sharp decline from $3 billion in December 2025 and down from $815 million in January 2025 [5]. - The number of financings was 40, slightly up from 37 in December 2025 but down from 43 in January 2025 [5][6]. - The market capitalization of listed issues was approximately $6.36 trillion in January 2026, compared to $6.28 trillion in December 2025 and $5.06 trillion in January 2025, reflecting a year-over-year increase of 25.8% [6]. TSXV Summary - TSXV had one new issuer in January 2026, down from two in December 2025 and none in January 2025 [4][7]. - Total financings raised were $870.8 million, a decrease from $1.57 billion in December 2025 but an increase of 63.1% compared to $533.8 million in January 2025 [7][8]. - The total number of financings was 158, up from 123 in December 2025 and 107 in January 2025, indicating a 47.7% increase year-over-year [9]. Year-to-Date Statistics - For 2026, TSX has listed 23 new issuers, a slight decrease of 4.2% from 24 in 2025 [6]. - IPO financings raised on TSX were $49.6 million, a significant drop of 81.8% from $272.4 million in 2025 [6]. - Secondary financings raised on TSXV reached $249.6 million, a remarkable increase of 898.7% from $24.99 million in 2025 [8].

Group 1 - The presentation features Alex Kramm from UBS Investment Bank, who is a senior research analyst covering U.S. exchanges and business services companies [1] - TMX Group's CEO, John McKenzie, is providing an update on the company's activities, particularly its growth in the U.S. market [2] - The discussion highlights the significant transitions TMX Group has undergone over the past few years and its key growth targets and objectives [2]