The MiG ReportToronto Stock Exchange and TSX Venture Exchange

NOVEMBER 2018

Life Sciences, $8.9BFinancial Services, $6.4BMining, $6.1BReal Estate, $3.2BTechnology, $3.0BIndustrial Products & Services, $2.8BOil & Gas, $2.1BClean Technology & Renewable Energy, $1.9BConsumer Products & Services, $1.4BUtilities & Pipelines, $1.2BClosed‐End Funds, $1.1BComm. & Media, $488METFs, $337MCPC/SPAC, $57M

USA, 110

Asia, 29

UK/Europe, 29

Australia/NZ/PNG, 19

Latin America, 17

Other, 14Africa, 6

Ontario, 1371

British Columbia, 

1013

Alberta, 343

Quebec, 204

Atlantic Canada, 43

Prairies, 37

Canada, 305

International, 12

USA, 8

New Listings by Sector and Location YTD November 2018TSX | TSXV

See page 4 for more detail.

ETFs, 94CPC, 86Mining, 52Technology, 34Life Sciences, 23Financial Services, 8Consumer Products & Services, 5Industrial Products & Services, 5Real Estate, 5Clean Tech & Renewable Energy, 4Closed‐End Funds, 4Comm. & Media, 2Oil & Gas, 2Utilities & Pipelines, 1

New Listings* (YTD November 2018)

325 new listings on TSX (126) and TSXV (199)141 Companies + 94 ETFs + 86 CPCs + 4 Closed‐End Funds

Equity Capital Raised (YTD November 2018)$39.1 billion on TSX and TSXV 

$68.1 million ‐ Average financing size on TSX$4.2 million ‐ Average financing size on TSXV

New International Listings:TSXCondor Gold plc., Mining, UKCeridian HCM Holding Inc., Technology, Minneapolis, MNBSR Real Estate Investment Trust, Real Estate, Little Rock, ARViemed Healthcare, Inc., Life Sciences, Lafayette, LAIPL Plastics Inc., Industrial Products, IrelandXanadu Mines Ltd., Mining, Australia

TSXVNubeva Technologies Ltd., Technology, San Jose, CAThe Alkaline Water Company Inc., Consumer Products, Scottsdale, AZAltus Strategies PLC, Mining, UKBoardwalktech Software Corp., Technology, Cupertino, CASigma Lithium Resources Corp., Mining, BrazilGalaxy Digital Holdings Ltd., Financial Services, New York, NYSarment Holding Limited, Technology, SingaporeCann‐is Capital Corp., CPC, IsraelNavigator Acquisition Corp., CPC, New York, NYA‐Labs Capital I Corp., CPC, Israel(Continued on What's New, page 5)

224International 

Listings

Listed Companies by HQ LocationAs at November 30, 2018TSX | TSXV

Equity Capital Raised by SectorYTD November 2018TSX | TSXV

*Includes IPOs, CPC/SPAC IPOs, QTs, QAs, RTOs, Graduates and Other.

The MiG Report ‐ November 2018: By The Numbers

20New 

International 

$39.1BEquity Capital 

Raised3,235

Issuers on TSX and TSXV

325New

Listings

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's Going on Generally (YTD/as at November 30, 2018)

YTD/as at November 30, 2018 TSX Venture Exchange 

TSXV Last Year 

 % Change Toronto 

Stock Exchange  TSX 

Last Year  % Change 

TSXV and TSX 

TSXV and TSX Last Year 

 % Change 

Number of Issuers 1,702                 1,657       3% 1,533                1,511          1% 3,235               3,168               2%Quoted Market Value (QMV) (C$ Billions)* 46.9                   49.0         ‐4% 2,793.8             2,994.4       ‐7% 2,840.7            3,043.4            ‐7%                  Going Public Activity/New Listings 199                    133          50% 126                   148             ‐15% 325                  281                  16%

IPOs (ex CPCs/ETFs/CEFs/SPACs) 11                     9              22% 9                       15               ‐40% 20                    24                    ‐17%CPC/SPAC IPOs 86                     37           132% ‐                    2                 ‐100% 86                    39                    121%

ETF & Closed‐End Fund IPOs 98                     105             ‐7% 98                    105                  ‐7%Qualifying Transactions (QTs) 47                     36           31% 47                    36                    31%Qualifying Acquisitions (QAs) 1                       4                 ‐75% 1                      4                      ‐75%

TSXV RTOs 10                     10           0% 10                    10                    0%NEX RTOs 8                       11           ‐27% 8                      11                    ‐27%

Grads 11                     15               ‐27% 11                    15                    ‐27%Other 37                     30           23% 7                       7                 0% 44                    37                    19%

Equity Capital Raised (C$ Millions) 6,407.4              5,660.5   13% 32,741.5           42,155.6   ‐22% 39,148.8         47,816.1          ‐18%Initial Public Offerings 63.1                            91.2  ‐31% 2,708.3            5,840.5      ‐54% 2,771.4           5,931.7           ‐53%

Public Offerings/Supplementary 1,984.3             1,683.8  18% 19,846.3          28,968.8   ‐31% 21,830.6         30,652.5         ‐29%Private Placements 4,360.0             3,885.5  12% 10,186.8          7,346.3      39% 14,546.9         11,231.8         30%

Number of Financings 1,532                 1,406       9% 481                    581             ‐17% 2,013               1,987               1%                  Volume Traded (Billions of Shares) 45.8                   43.3         6% 79.7                  75.1            6% 125.5               118.4               6%Value Traded (C$ Billions) 29.2                   19.4         51% 1,511.8             1,328.0       14% 1,541.0            1,347.4            14%# of Trades (Millions) 12.4                   8.0           56% 215.4                183.7          17% 227.8               191.6               19%                  S&P/TSX/TSXV Composite Indices 589.5                 788.9       ‐25% 15,197.8           16,067.5   ‐5%

Comparison of Major Index Performance ‐‐ YTD November 30, 2018 (Source: S&P Capital IQ)

*Beginning July 2018, the calculation of Market Capitalization/Quoted Market Value for securities listed on TSX Venture Exchange includes escrow shares.  Comparative periods have also been recalculated.

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's Listed on TSX and TSX Venture Exchange (As at November 30, 2018)

Sector

Clean Technology & Renewable Energy 53           3% 1,377          3% 32      2% 37,873        1% 85        3% 39,250         1%Closed‐End Funds  110    7% 16,827        1% 110      3% 16,827         1%Comm. & Media 12           1% 853              2% 24      2% 182,370      7% 36        1% 183,223       6%Consumer Products & Services 43           3% 1,173          3% 68      4% 224,478      8% 111      3% 225,651       8%CPC/SPAC 102         6% 135              0.3% 1         0.1% 400               0.01% 103      3% 535               0.02%ETFs 614    40% 157,645      6% 614      19% 157,645       6%Financial Services 60           4% 6,166          13% 80      5% 832,378      30% 140      4% 838,543       30%Industrial Products & Services 51           3% 1,450          3% 129    8% 344,882      12% 180      6% 346,333       12%Life Sciences 101         6% 7,433          16% 47      3% 52,028        2% 148      5% 59,461         2%Mining 973         57% 17,234        37% 220    14% 240,016      9% 1,193  37% 257,250       9%Oil & Gas 120         7% 4,215          9% 73      5% 234,938      8% 193      6% 239,153       8%Real Estate 32           2% 2,477          5% 60      4% 99,416        4% 92        3% 101,892       4%Technology 153         9% 4,222          9% 53      3% 119,528      4% 206      6% 123,750       4%Utilities & Pipelines 2             0.1% 166              0.4% 22      1% 251,029      9% 24        1% 251,195       9%TOTAL 1,702     100% 46,901        100% 1,533 100% 2,793,807   100% 3,235  100% 2,840,708    100%RegionBritish Columbia 863         51% 16,387        35% 150    10% 167,045      6% 1,013  31% 183,432       6%Alberta 179         11% 5,461          12% 164    11% 536,100      19% 343      11% 541,561       19%Prairies 20           1% 861              2% 17      1% 104,159      4% 37        1% 105,020       4%Ontario 388         23% 15,935        34% 983    64% 1,418,906   51% 1,371  42% 1,434,842    51%Quebec 99           6% 2,269          5% 105    7% 424,506      15% 204      6% 426,775       15%Atlantic Canada 25           1% 1,153          2% 18      1% 43,839        2% 43        1% 44,993         2%International 128         8% 4,834          10% 96      6% 99,252        4% 224      7% 104,085       4%

65 51% 2,023          42% 45 47% 49,835        50% 110      49% 51,857         50%8 6% 243              5% 11 11% 6,165          6% 19        8% 6,409            6%19 15% 787              16% 10 10% 3,655          4% 29        13% 4,442            4%15 12% 714              15% 14 15% 4,761          5% 29        13% 5,475            5%3 2% 386              8% 3 3% 150               0% 6          3% 536               1%10 8% 419              9% 7 7% 4,489          5% 17        8% 4,907            5%8 6% 262              5% 6 6% 30,197        30% 14        6% 30,459         29%

TOTAL 1,702     100% 46,901        100% 1,533 100% 2,793,807   100% 3,235 100% 2,840,708    100%

Volume Traded YTD November 30, 2018 on TSXV by Sector (Billions of Shares) Volume Traded YTD November 30, 2018 on TSX by Sector (Billions of Shares)

*Other includes Comm. & Media, CPCs, Real Estate and Utilities & Pipelines.Click here for our Daily Trading Reports.

    International Breakdown:

Other

Australia/NZ/PNGAsia

UK/EuropeAfrica

Latin America

USA

*Beginning July 2018, the calculation of Market Capitalization/Quoted Market Value for securities listed on TSX Venture Exchange includes escrow shares.

($ millions) ($ millions) ($ millions)

TSXV and TSXListed Issuers Total QMV 

TSX Venture Exchange Toronto Stock ExchangeListed Issuers Total QMV*  Listed Issuers Total QMV 

21.0

10.4

6.0

2.6 2.1 1.2 1.0 1.0 0.4

Mining LifeSciences

Technology Oil & Gas FinancialServices

Consumer Industrial CleanTechnology

Other

20.4

13.811.1

9.06.4 5.5

3.4 2.4 2.2 2.0 2.0 1.1 0.4 0.01

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's New on TSX and TSX Venture Exchange (YTD November 30, 2018)TSXV and TSXSector Canada US Int'l Total Canada US Int'l TotalClean Tech & Renewable Energy 3         ‐          1         4        3       ‐        ‐        3     Closed‐End Funds 4         ‐          ‐          4        5       ‐        ‐        5     Comm. & Media 2         ‐          ‐          2        2       1       ‐        3     Consumer Products & Services 4         1         ‐          5        12     ‐        ‐        12   CPC/SPAC 83       1         2         86       39     ‐        ‐        39   ETFs 94       ‐          ‐          94       100   ‐        ‐        100 Financial Services 7         1         ‐          8        7       ‐        1       8     Industrial Products & Services 4         ‐          1         5        7       ‐        ‐        7     Life Sciences 22       1         ‐          23       21     2       1       24   Mining 46       ‐          6         52       57     ‐        6       63   Oil & Gas 2         ‐          ‐          2        6       ‐        ‐        6     Real Estate 4         1         ‐          5        2       ‐        ‐        2     Technology 29       3         2         34       6       1       1       8     Utilities & Pipelines 1         ‐          ‐          1        1       ‐        ‐        1         Total 305     8         12       325     268   4       9       281 TSX Venture Exchange

Sector Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l TotalClean Tech & Renewable Energy 2         ‐          1         3        2       ‐        ‐        2      ‐        1     1       1       1       1 1        Closed‐End Funds ‐        ‐        ‐        ‐       ‐        ‐        ‐        ‐         Comm. & Media 2         ‐          ‐          2        1       ‐        ‐        1      ‐        1         1       1       1       ‐         Consumer Products & Services 3         1         ‐          4        6       ‐        ‐        6      ‐        2         2       1       1       1 1        CPC/SPAC 83       1         2         86       37     ‐        ‐        37    83     1  2    86    ‐        ‐        ‐         ETFs ‐         ‐        ‐        ‐        ‐       ‐        ‐        ‐        ‐         Financial Services 7         1         ‐          8        3       ‐        1       4      ‐        3         3       1  1       4 4        Industrial Products & Services 2         ‐          ‐          2        3       ‐        ‐        3      ‐        1         1       1       1       ‐         Life Sciences 15       ‐          ‐          15       16     2       1       19    ‐        11       11     1       1       3 3        Mining 39       ‐          4         43       46     ‐        3       49    9       1    10    7         1     8       8       8       15 2 17      Oil & Gas 2         ‐          ‐          2        4       ‐        ‐        4      ‐        ‐        1       1       1 1        Real Estate 3         ‐          ‐          3        2       ‐        ‐        2      ‐        1         1       ‐        2 2        Technology 27       2         2         31       4       1       1       6      1    1      18       1  19     2       1   3       7 1 8        Utilities & Pipelines ‐          ‐          ‐          ‐         ‐        ‐        ‐        ‐       ‐        ‐        ‐        ‐             Total 185     5         9         199     124   3       6       133  92     1  4    97    44       1  2     47     16     1  1   18     33     2     2       37      Toronto Stock Exchange

Sector Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l TotalClean Tech & Renewable Energy 1         ‐          ‐          1        1       ‐        ‐        1      1       1      ‐        ‐        ‐         Closed‐End Funds 4         ‐          ‐          4        5       ‐        ‐        5      4       4      ‐        ‐        ‐         Comm. & Media ‐          ‐          ‐          ‐         1       1       ‐        2      ‐        ‐        ‐        ‐         Consumer Products & Services 1         ‐          ‐          1        6       ‐        ‐        6      1       1      ‐        ‐        ‐         CPC/SPAC ‐          ‐          ‐          ‐         2       ‐        ‐        2      ‐        ‐        ‐        ‐         ETFs 94       ‐          ‐          94       100   ‐        ‐        100  94     94    ‐        ‐        ‐         Financial Services ‐          ‐          ‐          ‐         4       ‐        ‐        4      ‐        ‐        ‐        ‐         Industrial Products & Services 2         ‐          1         3        4       ‐        ‐        4      1    1      ‐        1       1       1       1        Life Sciences 7         1         ‐          8        5       ‐        ‐        5      1       1      3         1  4       ‐        3       3        Mining 7         ‐          2         9        11     ‐        3       14    1       1      6         6       ‐        2       2        Oil & Gas ‐          ‐          ‐          ‐         2       ‐        ‐        2      ‐        ‐        ‐        ‐         Real Estate 1         1         ‐          2        ‐        ‐        ‐        ‐       1       1  2      ‐        ‐        ‐         Technology 2         1         ‐          3        2       ‐        ‐        2      1  1      1         1       ‐        1       1        Utilities & Pipelines 1         ‐          ‐          1        1       ‐        ‐        1      1       1      ‐        ‐        ‐             Total 120     3         3         126     144   1       3       148  104   2  1    107 10       1  ‐      11     1       ‐   ‐    1       5       ‐      2       7        

YTD November‐2018 YTD November‐2017GraduatesGoing Public Activity

YTD November‐2018 YTD November‐2017

YTD November‐2018 YTD November‐2017IPOs

YTD November‐2018Going Public Activity  Other

YTD November‐2018RTOs QTs 

YTD November‐2018 YTD November‐2018

OtherYTD November‐2018YTD November‐2018 YTD November‐2018

IPO QAsYTD November‐2018

New International Listings:(Continued from By The Numbers, page 2)

TSXVYnvisible Interactive Inc., Technology, PortugalGabriel Resources Ltd., Mining, EnglandRidgestone Mining Inc., Mining, TaiwanGBLT Corp., Clean Technology, Germany

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's Financed on TSX and TSX Venture Exchange by Sector (YTD November 30, 2018)

Sector IPO PO PP Total IPO PO* PP Total IPO PO PP TotalClean Technology & Renewable Energy ‐               13.5             103.0         116.5         172.5         1,342.0     304.0           1,818.6     172.5         1,355.6     407.0         1,935.1    Closed‐End Funds 308.1         832.9         ‐              1,141.0     308.1         832.9         ‐             1,141.0    Comm. & Media ‐               3.1              27.6           30.7           ‐             377.5         80.1            457.6         ‐             380.6         107.7         488.3         Consumer Products & Services ‐               ‐              87.5           87.5           241.7         895.3         207.0           1,344.0     241.7         895.3         294.5         1,431.5    CPC/SPAC 33.2             ‐              23.5           56.7           ‐             ‐             ‐              ‐             33.2           ‐             23.5           56.7           ETFs 329.2         8.0             ‐              337.1         329.2         8.0             ‐             337.1         Financial Services ‐               115.8           186.8         302.6         ‐             6,105.1     14.4            6,119.5     ‐             6,220.9     201.2         6,422.0    Industrial Products & Services ‐               24.8             156.2         181.1         178.2         2,468.0     0.7              2,646.8     178.2         2,492.8     156.9         2,827.9    Life Sciences ‐               972.5           595.5           1,568.0       132.3           1,228.1       5,954.7       7,315.1       132.3           2,200.6       6,550.2       8,883.0      Mining 10.8             584.9           2,284.3     2,880.0     21.1           926.4         2,252.3       3,199.9     32.0           1,511.3     4,536.6     6,079.9    Oil & Gas ‐               73.8             392.0         465.8         ‐             238.6         1,349.8       1,588.4     ‐             312.4         1,741.8     2,054.2    Real Estate ‐               82.9             39.4           122.3         402.8         2,696.8     ‐              3,099.6     402.8         2,779.7     39.4           3,221.9    Technology 19.1             112.9           464.3         596.3         683.1         1,727.7     23.8            2,434.5     702.2         1,840.6     488.1         3,030.8    Utilities & Pipelines ‐               ‐              ‐             ‐             239.3         1,000.1     ‐              1,239.3     239.3         1,000.1     ‐             1,239.3    TOTAL 63.1             1,984.3       4,360.0     6,407.4     2,708.3     19,846.3   10,186.8     32,741.5   2,771.4     21,830.6   14,546.9   39,148.8  

*Includes supplementary & secondary offeringsTop 10 Financings for the Month of November 2018  

TSX Venture Exchange (C$ Millions) Toronto Stock Exchange (C$ Millions) TSXV and TSX (C$ Millions)

TSXV Top 10 Financings1.  Jadestone Energy Inc., Oil & Gas ‐ $146M Private Placement2.  Patriot One Technologies Inc., Technology ‐ $46M Public Offering3.  Acasti Pharma Inc., Life Sciences ‐ $28M Public Offering4.  Acasti Pharma Inc., Life Sciences ‐ $25M Public Offering5.  Regulus Resources Inc., Mining ‐ $21M Private Placement6.  National Access Cannabis Corp., Life Sciences ‐ $20M Private Placement7.  Pediapharm Inc., Life Sciences ‐ $20M Private Placement8.  Sandfire Resources America Inc., Mining ‐ $19M Public Offering9.  White Gold Corp., Mining ‐ $15M Public Offering/Private Placement10. RE Royalties Ltd., Financial Services ‐ $13M Private Placement

TSX Top 10 Financings1.  Canopy Growth Corporation, Life Sciences ‐ $5.1B Private Placement2.  Royal Bank of Canada, Financial Services ‐ $350M Public Offering3.  Ballard Power Systems Inc., Clean Technology ‐ $238M Private Placement4.  Inter Pipeline Ltd., Utilities & Pipelines ‐ $200M Public Offering5.  Partners Value Split Corp., Closed‐End Funds ‐ $150M Public Offering6.  Cargojet Inc., Industrial Products & Services ‐ $87M PP/PO7.  SolGold plc, Mining ‐ $76M Private Placement8.  Canoe EIT Income Fund, Closed‐End Funds ‐ $70M Public Offering9.  CT Real Estate Investment Trust, Real Estate ‐ $65M Public Offering10. Stingray Digital Group Inc., Comm & Media ‐ $25M Private Placement

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's Happening by Sector (YTD November 30, 2018)

TSX Venture TSX TSXV and TSX TSX Venture TSX TSXV and TSXClean Technology & Renewable Energy MiningNumber of Issuers 53                            32                              85                             Number of Issuers 973                       220                          1,193                      QMV (C$) 1,377,031,845       37,872,863,937       39,249,895,782      QMV (C$) 17,233,730,714  240,016,117,302  257,249,848,016  New Listings 3                              1                                4                               New Listings 43                         9                              52                           Equity Capital Raised (C$) 116,530,425          1,818,555,070         1,935,085,495        Equity Capital Raised (C$) 2,879,981,660    3,199,869,751       6,079,851,411      Number of Financings 48                            15                              63                             Number of Financings 980                       132                          1,112                      Volume Traded 1,009,041,964       1,092,883,107         2,101,925,071        Volume Traded 21,019,076,909  20,434,164,842    41,453,241,751    Value Traded (C$) 363,337,963          14,466,135,713       14,829,473,676      Value Traded (C$) 5,865,094,919    142,695,994,699  148,561,089,618  # of Trades  199,706                  3,844,203                4,043,909                # of Trades 3,192,645            36,263,710            39,456,355            Life Sciences Oil and GasNumber of Issuers 101                          47                              148                           Number of Issuers 120                       73                            193                         QMV (C$) 7,432,632,820       52,028,127,723       59,460,760,543      QMV (C$) 4,215,016,429    234,938,403,292  239,153,419,721  New Listings 15                            8                                23                             New Listings 2                           ‐                           2                              Equity Capital Raised (C$) 1,567,956,559       7,315,067,468         8,883,024,027        Equity Capital Raised (C$) 465,776,708       1,588,447,463       2,054,224,171      Number of Financings 111                          68                              179                           Number of Financings 56                         19                            75                           Volume Traded 10,367,018,633     11,089,074,240       21,456,092,873      Volume Traded 2,580,356,879    13,806,375,394    16,386,732,273    Value Traded (C$) 15,250,362,210     152,606,958,518     167,857,320,728   Value Traded (C$) 553,158,187       176,650,591,878  177,203,750,064  # of Trades 5,701,524               26,071,799              31,773,323             # of Trades 268,790               34,949,991            35,218,781            Technology Energy ServicesNumber of Issuers 153                          53                              206                           Number of Issuers 20                         43                            63                           QMV (C$) 4,221,655,873       119,528,457,843     123,750,113,716   QMV (C$) 494,791,305       24,716,550,648    25,211,341,953    New Listings 31                            3                                34                             New Listings ‐                        1                              1                              Equity Capital Raised (C$) 596,298,908          2,434,524,582         3,030,823,490        Equity Capital Raised (C$) 45,946,019          120,106,970          166,052,989         Number of Financings 112                          14                              126                           Number of Financings 35                         8                              43                           Volume Traded 6,032,138,508       1,988,553,029         8,020,691,537        Volume Traded 344,453,068       2,823,635,404       3,168,088,472      Value Traded (C$) 3,053,712,771       67,505,519,939       70,559,232,710      Value Traded (C$) 157,533,559       19,870,924,463    20,028,458,022    # of Trades 1,522,998               7,614,896                9,137,894                # of Trades  76,920                 6,100,049               6,176,969              

Utilities & PipelinesTSX Venture TSX Number of Issuers 2                           22                            24                           

Capital Pool Companies (CPCs) QMV (C$) 166,088,806       251,028,801,176  251,194,889,981  Number of Issuers 102                          New Listings ‐                        1                              1                              QMV (C$) 135,202,067          Equity Capital Raised (C$) ‐                        1,239,346,000       1,239,346,000      New Listings 86                            Number of Financings ‐                        5                              5                              Special Purpose Acquisition Companies (SPACs) Volume Traded 12,120,633          3,421,194,933       3,433,315,566      Number of Issuers 1                                Value Traded (C$) 24,113,787          120,747,841,249  120,771,955,036  QMV (C$) 399,682,500            # of Trades 7,219                    15,655,518            15,662,737            New Listings ‐                            Exchange‐Traded Products (ETFs)Number of Issuers 614                          QMV (C$) 157,645,095,454    New Listings 94                             Closed‐End Funds (CEFs)Number of Issuers 110                           QMV (C$) 16,826,598,684      New Listings 4                                

Note: Beginning July 2018, the calculation of Market Capitalization/Quoted Market Value for securities listed on TSX Venture Exchange includes escrow shares.

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

What's Happening by Sector (YTD November 30, 2018)

Diversified Industries SectorsTSX Venture TSX TSXV and TSX TSX Venture TSX TSXV and TSX

Consumer Products & Services Industrial Products & ServicesNumber of Issuers 43                            68                              111                            Number of Issuers 51                          129                           180                           QMV (C$) 1,173,436,898      224,477,684,001     225,651,120,898    QMV (C$) 1,450,348,948    344,882,297,226   346,332,646,174   New Listings 4                              1                                5                                New Listings 2                            3                               5                                Equity Capital Raised (C$) 87,483,919            1,344,002,120          1,431,486,039         Equity Capital Raised (C$) 181,084,100        2,646,834,652        2,827,918,752        Number of Financings 28                            12                              40                              Number of Financings 54                          17                             71                             Volume Traded 1,243,199,465      2,405,924,502          3,649,123,967         Volume Traded 1,012,538,791    8,965,664,368        9,978,203,159        Value Traded (C$) 505,076,396          100,882,954,366     101,388,030,762    Value Traded (C$) 778,899,485        189,155,326,150   189,934,225,635   # of Trades 230,143                  12,520,783              12,750,926               # of Trades  344,243                26,959,192             27,303,435              Communications & Media Real EstateNumber of Issuers 12                            24                              36                              Number of Issuers 32                          60                             92                             QMV (C$) 853,316,531          182,369,806,883     183,223,123,415    QMV (C$) 2,476,726,478    99,415,604,889      101,892,331,367   New Listings 2                              ‐                             2                                New Listings 3                            2                               5                                Equity Capital Raised (C$) 30,701,169            457,563,123            488,264,292            Equity Capital Raised (C$) 122,285,736        3,099,649,960        3,221,935,696        Number of Financings 10                            6                                16                              Number of Financings 13                          26                             39                             Volume Traded 182,959,917          2,005,265,984          2,188,225,901         Volume Traded 170,025,837        2,160,733,399        2,330,759,236        Value Traded (C$) 52,286,432            72,480,560,131        72,532,846,563       Value Traded (C$) 573,613,682        41,201,640,663      41,775,254,344      # of Trades 28,236                    8,561,994                 8,590,230                 # of Trades 130,909                7,900,432                8,031,341                Financial ServicesNumber of Issuers 60                            80                              140                           QMV (C$) 6,165,524,195      832,377,602,837     838,543,127,032   New Listings 8                              ‐                             8                               Equity Capital Raised (C$) 302,558,410          6,119,481,052          6,422,039,462        Number of Financings 27                            26                              53                             Volume Traded 2,062,985,508      6,373,187,706          8,436,173,214        Value Traded (C$) 2,193,196,716      331,579,147,363     333,772,344,079   # of Trades  796,943                  25,383,093              26,180,036              

Note: Beginning July 2018, the calculation of Market Capitalization/Quoted Market Value for securities listed on TSX Venture Exchange includes escrow shares.

© 2018 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent.

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Cheryl Mascarenhas Specialist, Market Intelligence

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Joe AlilainAnalyst, Market Intelligence

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