TMX Group reports sharp drop in October financings on TSX and TSXV
Canada's main public equity markets show weaker fundraising activity in October even as new issuer admissions remain active across both senior and venture boards. TMX Group says the downturn in capital raised is steep on the Toronto Stock Exchange and more moderate on the TSX Venture Exchange, alongside continued listings in sectors such as mining, technology and exchange traded products.
Highlights
- Total financings raised on the TSX fall 81% from September and 80% from October 2025, despite 50 new issuers joining in October 2026.
- TSXV financings decrease 22% from the previous month and 37% year-over-year, with 86 financings recorded in October 2026 versus 133 a year earlier.
- Canadian public markets show sharply weaker fundraising in October 2026, but new issuers—especially in mining, exchange traded products, and sector-diverse listings—remain robust.
October financing activity across both exchanges
As reported by TMX Group, financing activity on the Toronto Stock Exchange and TSX Venture Exchange slows in October 2026 compared with both the previous month and the same month a year earlier.On the TSX, 50 new issuers join in October 2026, compared with 28 in September and 51 in October 2025. Those listings include 35 exchange traded products, 11 Canadian Depositary Receipts, three mining companies and one closed end fund.
Total financings raised on the TSX fall 81% from the previous month and decline 80% from October 2025. The total number of financings reaches 61 in October 2026, up from 53 in the previous month but below 84 a year earlier.
On the TSXV, eight new issuers list in October 2026, compared with five in the previous month and six in October 2025. The new entrants include five mining companies, one technology company, one Capital Pool Company and one life sciences company.
Total financings raised on the TSXV decrease 22% from the previous month and are down 37% from October 2025. The exchange records 86 financings in October 2026, compared with 88 in the previous month and 133 in October 2025.
Market signals for Canada's equity capital pipeline
The figures point to a weaker fundraising month for Canadian public markets, particularly on the senior exchange, even though issuer additions remain relatively resilient. The contrast suggests companies and product sponsors continue to access listings while aggregate capital raising slows sharply.Mining remains a visible part of the issuer mix on both exchanges, while the TSX also sees strong activity in exchange traded products and Canadian Depositary Receipts. On the venture market, the presence of technology and life sciences listings alongside mining indicates continued sector diversity despite softer financing volumes.
We have also discussed the broader context around cybersecurity startup funding as larger late-stage rounds lifted totals despite fewer deals in Q3 2026.
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