The Globe and Mail reports in its Saturday edition that the provider of Canada's major stock indexes is considering a significant change that would allow some companies to appear in multiple countries' indexes, paving the way for companies such as Brookfield Asset Management, Shopify and the former Ritchie Bros. Auctioneers to be both Canadian and American. The Globe's David Milstead writes that S&P Dow Jones Indices, which runs the S&P/TSX Composite Index, the S&P/TSX 60 Index and others, says it could allow companies "with significant ties to Canada" to stay in a Canadian index even if it normally would consider the company domiciled in another country. The company would need to be incorporated in Canada to be eligible. Until now, S&P Dow Jones has said a company can have just one country of domicile. The new Canadian proposal would be a significant move away from that. In a statement, S&P Dow Jones said the proposal is in response to trends and "market inquiries" around its domicile and listing policies. The changes would allow Brookfield Asset Management, which recently changed its principal executive office to New York, to remain in S&P/TSX indexes even as it joins American ones.
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