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CANADA DAYBOOK: TMX Group Sale Said to Win Committee Support

An Ontario government committee plans to support with conditions TMX Group Inc. (X)’s proposed sale to London Stock Exchange Group Plc, according to two people familiar with the report. The recommendation, which is scheduled to be submitted on April 19, may carry weight in the Ontario Securities Commission’s and federal government’s review of the C$3.1 billion ($3.2 billion) takeover, which requires approval from five provincial regulators.

WHAT TO WATCH: * Following the televised debates, party leaders will be back out campaigning for the May 2 federal election. Conservative Prime Minister Stephen Harper continues to lead in public opinion polls.

ECONOMY: * Statistics Canada will give data on manufacturing shipments, inventories, new and unfilled orders for February in a report due at 8:30 a.m. New York Time. The median forecast of 21 economists surveyed by Bloomberg is that factory shipments fell 0.5 percent in the month.

EVENTS: * Supreme Court hearings continue in Ottawa on whether Finance Minister Jim Flaherty’s proposed law to establish a national securities regulator is constitutionally valid. *Executives from Canadian companies including Iamgold Corp., Agnico-Eagle Mines Ltd. and Lake Shore Gold Corp. are to address the Denver Gold Group European Gold Forum, beginning at 8:15 a.m. in Zurich. *Corus Entertainment Inc., the owner of the YTV cable network, is scheduled to report second-quarter earnings at 7 a.m. in Calgary. *Astral Media Inc., the owner of The Movie Network cable channel, is to release second-quarter financial results at 11 a.m. in Montreal. *NovaGold Resources Inc. (NG), which develops gold and base-metals properties in Alaska and British Columbia, is scheduled to report first-quarter financial results at 8:30 a.m. in Vancouver. *Kinross Gold Corp. Chief Executive Officer Tye Burt speaks in Toronto at the C.D. Howe Institute, 67 Yonge St., Suite 300, from 12 p.m. to 2 p.m.

MARKETS: *The S&P/TSX rose for the first time in three days, gaining 0.2 percent to 13,833.64. *Yields on two-year Government of Canada bonds fell four basis points to 1.82 percent at 4:10 p.m. yesterday in Toronto. *The Canadian dollar was little changed at 96.30 cents per U.S. dollar at 4:10 p.m. yesterday. One Canadian dollar buys $1.0385.

To contact the reporter on this story: Stefanie Batcho-Lino at +1-416-203-5723 or sbatcholino1@bloomberg.net

To contact the editor responsible for this story: David Scanlan at +1-416-203-5722 or dscanlan@bloomberg.net

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