Tech shines on TSX

The market value of the innovation sector, including technology, clean technology and life sciences companies, grew more than 50% on the TSX and TSX Venture Exchange in 2013, the exchanges report.

Read: Tech spending will slip 1% in 2014

The two exchanges welcomed 31 new listings in the sector last year. The top 50 innovation issuers, ranked by market capitalization as at Dec. 31, had an average share price appreciation of 69%. More than 65% of these companies saw their share price increase by over 20%.

Innovation companies raised $6 billion of new equity capital through a total of 280 financing transactions. Nearly 400 innovation companies are listed on TSX and TSXV with a combined market capitalization of over $135 billion, as of last year.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.