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Markets3h 27m ago

TMX Group Ltd. acquired RAFI Indices for $683 million, a move that Scotia Capital Markets analyst Phil Hardie believes supports TMX's goal of expanding recurring revenue and boosting international revenue.

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Canada, United States

Who
TMX Group Ltd., RAFI Indices, Phil Hardie, Scotia Capital Markets, Kevin Kopelman, TD Cowen analyst, Michael Lasser, UBS Global Research
What
TMX Group Ltd. acquired RAFI Indices for $683 million, a move that Scotia Capital Markets analyst Phil Hardie believes supports TMX's goal of expanding recurring revenue and boosting international revenue.
When
Fri, 12 Jun 2026 21:31:17 GMT · 3h 27m ago
Where
Canada, United States ·
Why
TMX Group Ltd. aims to expand its global operations and recurring revenue, while an analyst noted positive sentiment for cruise line stocks due to a potential Iran peace deal and mixed views on Canadian food retailers amidst inflation.
The Frontline Impact

How this affects you

TMX Group's acquisition of RAFI Indices is expected to drive earnings momentum and growth, while the potential Iran peace deal could reduce oil prices, positively impacting cruise line companies. Meanwhile, Canadian food retailers face mixed prospects due to inflation and varying consumer spending habits.

Story chain

4 events in this thread
  1. Markets3h 27m ago
    TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.
    Open article
  2. Currently Reading3h 27m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, a move that Scotia Capital Markets analyst Phil Hardie believes supports TMX's goal of expanding recurring revenue and boosting international revenue.
  3. Markets3h 27m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap, with an analyst maintaining a $71 price target and 40% upside for the stock.
    Open article
  4. Markets3h 27m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.
    Open article

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