TSE Offers Last Sale Trading Session

The Toronto Stock Exchange announced today that its Board of Governors has approved a last sale trading session. Beginning November 29, 1999, the TSE will expand its existing "crossing session" from 4:05pm - 5:00pm into a trading session at the last sale price. This addition will enhance the current "crossing session" to allow qualifying orders in the TSE's order book at the end of the day, and those entered into the book during the session, to be matched and traded at the closing price for the day. The fully automated Toronto Stock Exchange consistently ranks as one of the world's top exchanges and is Canada's premier market for senior equities, accounting for approximately 90% of all equity trading in Canada. In 1998, more than 26 billion shares traded, worth more than $490 billion - about $2 billion a day in share transactions. With a proud 147-year history at the heart of the Canadian economy, the TSE continues to provide Canadian and international investors with a well-regulated, fair and accessible marketplace.