Shares of FP NEWSPAPERS INC. (TSE:FP) last traded at 0.12, representing a move of 4.35%, or 0.005 per share, on volume of 10,500 shares. After opening the trading day at 0.115, shares of FP NEWSPAPERS INC. traded in a close range. FP NEWSPAPERS INC. currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0.115 and high of 0.12.
What Drives The Canadian Economy?
Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.
Facts About the S&P/TSX Composite Index
The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. FP NEWSPAPERS INC. is one of the stocks traded on it.
The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.
What Makes Up the S&P/TSX Composite Index
There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As FP NEWSPAPERS INC. is still listed, this means that the stock complies with all laws.
In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.
About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.
Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect FP NEWSPAPERS INC..
Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.
More notable recent FP NEWSPAPERS INC. (TSE:FP) news were published by: Business.Financialpost.com which released: “Trend Micro New Offering Enables Telecom Provides to Push a Security Layer Across Users’ Digital Life – Financial Post” on February 25, 2019, also Business.Financialpost.com with their article: “After playing it cool with shareholders for years, Enercare board finally discloses its preferred selling price – Financial Post” published on August 01, 2018, Business.Financialpost.com published: “Muddy Waters’ Carson Block shorts Manulife Financial; stock slumps – Financial Post” on October 04, 2018. More interesting news about FP NEWSPAPERS INC. (TSE:FP) were released by: Business.Financialpost.com and their article: “Laurentian is the only North American bank with a labour union â€” and it’s clouding their outlook – Financial Post” published on September 05, 2018 as well as Business.Financialpost.com‘s news article titled: “Outlook 2019: Here’s where the experts think the TSX will end up one year from now – Financial Post” with publication date: December 28, 2018.