But it is fascinating that more-or-less the entire Canadian financial establishment - including Toronto-Dominion, CIBC, Bank of Nova Scotia, Ontario Teachers' Pension Fund and Canada Pension Plan Investment Board, among others - has grouped together to keep TMX Canadian.

BBC: Is Canada hurt by saying no to foreign bids.......

Tom Slee, contributing editor to the Canada Report, is a certified financial analyst, a certified general accountant and a former pension fund manager.

FORBES