S&P Dow Jones Indices loosens Canadian index inclusion criteria

S&P Dow Jones Indices announced on Friday that it will modify the eligibility requirements for S&P/TSX Canadian Indices, potentially allowing major copper producer Anglo-Tek to join the list, according to investors. The revised criteria now permit foreign issuers listed on the Toronto Stock Exchange, as long as they have a meaningful and substantial link to Canada, rather than requiring them to be domiciled or incorporated within the country.

This adjustment could pave the way for Anglo Teck, set to emerge from the $53 billion all-stock merger between Anglo American and Teck Resources, to be included in the S&P/TSX Composite, which serves as Canada's benchmark stock index. Despite Anglo Teck's primary stock market location being in London, its strong Canadian presence, including headquarters in Vancouver and substantial Canadian investments, make it a likely candidate for inclusion under the new guidelines.

The revised criteria for eligibility arose from consultations with market participants initiated in July, with implementation scheduled for December 21, 2026.