September 18, 2016 / 11:47 PM / a year ago

Canada's TMX to stay in S&P index after misstatement

(Reuters) - TMX Group Ltd (X.TO), the owner of Canada’s dominant stock exchange, said on Sunday it had not been removed from a major Canadian index run by S&P Global Inc (SPGI.N) despite what a spokesman said was an erroneous press release issued by S&P unit Capital IQ Inc that it had been removed.

S&P spokesman Soogyung Jordan confirmed TMX will remain in the S&P/TSX Composite Index .

“Earlier today, we were notified of an erroneous alert posted to the S&P Capital IQ platform regarding the continued inclusion of the TMX stock in the S&P/TSX composite. We have researched the issue, removed the alert from the platform and are in the process of notifying all clients who received the alert. TMX continues to be a constituent of the Composite,” he wrote via email.

Jordan declined to comment further.

Reporting by Dan Freed in New York; Editing by Sandra Maler

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