I was able to watch a few minutes of the Soloman Show before heading to work on Wednesday, and I got a good laugh seeing Evan doing a big story on the Toronto Stock Exchange with Jack Layton as his "expert" witness. Yes because whenever there is news in financial markets, the first person that I want to hear from is Jack Layton (that was sarcasm if you didn't notice). In my own experience, I find that I very rarely agree with Jack Layton on financial matters. Okay so I rarely agree with him on any matters, but most especially financial ones, and he was Evan's go to guy on the TSX.
One person that I do trust on financial matters is Kevin O'Leary and he thinks that the merger with the London exchange is fantastic. It opens up Canadian equity to millions of new buyers, which will increase the value of Canadian companies. Others are trying to argue that we are giving up our "economic sovereignty", but that's absurd. Companies operating in Canada still have to play by Canadian rules, just like foreign companies who operate in Canada. Basically Canadian stock values are going to go up, meaning that anyone who owns any Canadian stock will see an increase in the value of their portfolio. Opposition to this initiative is naive.