Take stock – October 5

TMX Group Inc. (TSX:X) said Monday it wants to create a new alternative trading system that will operate on its Quantum trading platform.

TMX group to create alternative trading system

TORONTO — TMX Group Inc. (TSX:X) said Monday it wants to create a new alternative trading system that will operate on its Quantum trading platform. TMX Select, a wholly-owned subsidiary of TMX Group, will offer a visible marketplace for trading equity securities.

It will include expanded trading hours, a simplified market structure with continuous trading of board lots only and strict price-time priority for visible orders.


Future shop plans to hire 4,000 seasonal staff

TORONTO — Electronics retailer Future Shop says it plans to hire more than 4,000 seasonal employees across Canada for the holiday shopping season.

The move will beef up its workforce by more than 40 per cent during one of the busiest times of the year. The company says it will turn to social networking platforms like Facebook and Twitter in hopes to attract tech-savvy staff members for its 146 stores across the country. The announcement follows an even bigger hiring spree by retailer Toys R Us in the United States. Last week, the company said it will hire 45,000 employees to help with the holiday season, doubling its U.S. work force.


Tim Hortons adding more Esso locations

OAKVILLE, Ont. — Tim Hortons is giving Canadians more opportunity to grab a double-double and a doughnut while they fill their gas tanks under a new agreement with Esso.

The coffee and doughnut chain says it has signed a deal with Imperial Oil (TSX:IMO) to add another 175 locations at its Esso gas stations over the next 10 years. The agreement adds to a long-standing relationship between the two companies. Tim Hortons (TSX:THI) opened its first coffee kiosk at an Esso station in 1994 and has grown to more than 350 Esso locations since then.


Court approves Rogers Sugar switch to corporation

MONTREAL — The B.C. Supreme Court has approved a plan for Rogers Sugar Income Fund (TSX:RSI.UN) to convert into a corporation on Jan. 1.

The switch follows a change in federal tax rules for income trusts that was announced Oct. 31, 2006.

Rogers Sugar owns Lantic, which operates cane sugar refineries in Montreal and Vancouver. It also has a sugar beet processing plant in Taber, Alta.

Its common shares will begin trading on the Toronto Stock Exchange in the first day of trading next year, Rogers said Monday.