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FNCE 623 – Financial Management PROF. DR. Sujatha selvaraj Student name:____________________________________ worth: 2% Asynchronous Assignment 1 1. Equity Markets are an important source of...

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FNCE 623 – Financial Management
PROF. DR. Sujatha selvaraj
Student name:____________________________________
worth: 2%
Asynchronous Assignment 1
1. Equity Markets are an important source of capital for private firms in Canada. Take a tour of the Toronto Stock Exchange at tmx.com. What is TSX composite index? Check out Index Lists/Information under Investors information. What does a change in the TSX composite Index tell you?
2. Canadian Banks are actively involved in financing home mortgages. Describe the role played by the Canada Mortgage and Housing Corporation in home mortgages (cmhc.ca). What is the National Housing Act? Can an investor participate in the mortgage “pool” represented by housing loans insured by the CMHC? Click on the Investment opportunities menu on the CMHC homepage and describe the Mortgage-backed securities offered by the CMHC.
3. OSC administers and enforces securities law in the province of Ontario. The OSC website (osc.gov.on.ca) outlines various securities laws and instruments. Visit the Securities Law and Instruments section and check out the latest instruments, rules and policies. What are the Securities Act (Ontario) and Commodity Futures Act?
Assignment Guidelines:
1. This assignment has been done in MS Office word document.
2. This assignment is worth of 2% marks of your Online Activity Assessment.
3. Citation: The response uses additional reference materials where necessary and includes proper citations. The citations follow APA rules.
4. Formatting: Cover page: with your name, the title of the case, course, professor, and submission date.
· Font style and size: Times New Roman 12 pt. One and half spaced.
5. Submission: Please save the document in a word file and send in your drop box on myucanwest.ca. Save a copy of your file for future clarification.
6. Ru
ics: Please refer ru
ics which I have uploaded in Moodle.
Answered Same Day Oct 12, 2022

Solution

Rochak answered on Oct 12 2022
55 Votes
1.
TSX Composite index
The TSX Composite index is important and the
oadest in the Canadian Equity Market. The index covers all the major sectors of the Canadian equity market like Financials, energy, industrials, materials, information technology, utilities, communication services, consumer staples, consumer discretionary, real estate and healthcare (Shams 2015)
Change in TSX composite index
Any change in the TSX composite index is an indication of the change in the various industries and the global outlook of Canada, this is said because the index is tracking all the sectors in the Canadian equity market and therefore any change in the index indicates that the
oad outlook of Canada is changing.
2.
Role of Canada Mortgage and Housing Corporation
Canada Mortgage and Housing Corporation, also known as CMHC is the country’s national housing agency. The role of the agency is to make sure that mortgage loans are affordable...
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