The weight of Royal Bank of Canada (TSE: RY) will increase by approximately 0.43% in the TSE 300 Composite and TSE 300 Capped, 0.54% in the S&P/TSE 60, 0.57% in the S&P/TSE 60 Capped, 1.33% in the S&P/TSE Canadian Financials Sector and 0.46% in the TSE 100. The relative weight change reflects an adjustment to the float shares of the company due to the completion of the Plan of Merger with Centura Banks, Inc. which resulted in the issuance of new shares.
The weight of Nortel Networks Corporation (TSE: NT) will increase by approximately 5.17% in the S&P/TSE Canadian Information Technology Sector Index. The relative weight change reflects an adjustment to the float shares pursuant to S&P/TSE Canadian Information Technology Sector Index methodology.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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