Nov 10, 2025
TMX Group (X) released October’s trading stats on Friday, which grew nearly 60% Y/Y and over 25% on a YTD basis.
As evidenced by the outsized contribution from the venture exchange…
… the recent strength has been driven by mining, with soaring precious metals prices leaving the financing window wide open.
With only a few key themes driving liquidity, such strong Y/Y performance is unlikely to hold for too long.
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